NIKE, Inc. (NYSE:NKE) Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC lifted its stake in shares of NIKE, Inc. (NYSE:NKE) by 18.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,160 shares of the footwear maker’s stock after acquiring an additional 6,186 shares during the quarter. Farther Finance Advisors LLC’s holdings in NIKE were worth $3,039,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Teachers Insurance & Annuity Association of America acquired a new position in shares of NIKE during the 3rd quarter valued at $30,000. Caitlin John LLC boosted its stake in NIKE by 117.0% during the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock valued at $28,000 after buying an additional 200 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in NIKE during the fourth quarter worth about $28,000. Roxbury Financial LLC bought a new stake in NIKE in the fourth quarter worth about $30,000. Finally, BankPlus Trust Department bought a new stake in NIKE in the fourth quarter worth about $34,000. Institutional investors own 64.25% of the company’s stock.

Insider Activity

In other news, Director John W. Rogers, Jr. bought 2,500 shares of the stock in a transaction dated Friday, December 27th. The shares were acquired at an average price of $76.65 per share, with a total value of $191,625.00. Following the acquisition, the director now owns 34,403 shares in the company, valued at $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Mark G. Parker sold 169,732 shares of NIKE stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the completion of the transaction, the chairman now owns 896,632 shares of the company’s stock, valued at $65,301,708.56. This trade represents a 15.92 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

NIKE Stock Down 0.7 %

Shares of NKE stock opened at $73.62 on Thursday. The stock has a 50 day moving average of $74.73 and a 200-day moving average of $77.99. The firm has a market cap of $108.89 billion, a PE ratio of 22.72, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 12 month low of $68.62 and a 12 month high of $102.49.

NIKE (NYSE:NKE) last released its earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, beating the consensus estimate of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm had revenue of $12.35 billion during the quarter, compared to analysts’ expectations of $12.11 billion. During the same period in the prior year, the company earned $1.03 EPS. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. On average, equities analysts predict that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 annualized dividend and a yield of 2.17%. NIKE’s dividend payout ratio (DPR) is currently 49.38%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NKE shares. Citigroup cut shares of NIKE from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $102.00 to $72.00 in a research note on Friday, February 7th. Morgan Stanley decreased their price target on shares of NIKE from $80.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. TD Cowen cut their price objective on NIKE from $78.00 to $73.00 and set a “hold” rating for the company in a research report on Monday, November 18th. Evercore ISI reduced their price objective on NIKE from $105.00 to $97.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Finally, Jefferies Financial Group raised NIKE from a “hold” rating to a “buy” rating and upped their target price for the company from $75.00 to $115.00 in a report on Monday, February 24th. Fourteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $89.77.

NIKE Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.