NIKE, Inc. (NYSE:NKE) Shares Purchased by Noesis Capital Mangement Corp

Noesis Capital Mangement Corp increased its stake in shares of NIKE, Inc. (NYSE:NKE) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 134,228 shares of the footwear maker’s stock after purchasing an additional 1,990 shares during the period. NIKE accounts for approximately 1.9% of Noesis Capital Mangement Corp’s investment portfolio, making the stock its 22nd biggest position. Noesis Capital Mangement Corp’s holdings in NIKE were worth $10,157,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of NKE. Heck Capital Advisors LLC acquired a new position in shares of NIKE during the 4th quarter worth about $28,000. Caitlin John LLC raised its holdings in NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock valued at $28,000 after acquiring an additional 200 shares during the last quarter. Teachers Insurance & Annuity Association of America acquired a new stake in NIKE in the 3rd quarter valued at about $30,000. Roxbury Financial LLC acquired a new stake in NIKE in the 4th quarter valued at about $30,000. Finally, BankPlus Trust Department acquired a new stake in NIKE in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Price Performance

NIKE stock opened at $79.43 on Friday. 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 52-week low of $68.62 and a 52-week high of $105.57. The firm has a market cap of $117.49 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 2.52 and a beta of 1.01. The company’s 50 day moving average is $74.64 and its two-hundred day moving average is $78.33.

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

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE’s payout ratio is presently 49.38%.

Insider Transactions at NIKE

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the business’s 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 in the company, valued at $65,301,708.56. The trade was a 15.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John W. Rogers, Jr. purchased 2,500 shares of the stock in a transaction on Friday, December 27th. The shares were purchased at an average price of $76.65 per share, with a total value of $191,625.00. Following the acquisition, the director now directly owns 34,403 shares in the company, valued at $2,636,989.95. This represents a 7.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NKE. Needham & Company LLC reiterated a “buy” rating and issued a $84.00 price objective on shares of NIKE in a report on Friday, February 7th. Robert W. Baird cut their price objective on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating for the company in a report on Monday, December 23rd. Citigroup downgraded shares of NIKE from a “buy” rating to a “neutral” rating and cut their price objective for the company from $102.00 to $72.00 in a report on Friday, February 7th. Guggenheim reiterated a “buy” rating and issued a $110.00 price objective on shares of NIKE in a report on Wednesday, February 12th. Finally, Stifel Nicolaus cut their price target on shares of NIKE from $79.00 to $75.00 and set a “hold” rating for the company in a report on Friday, December 20th. Fourteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, NIKE currently has an average rating of “Moderate Buy” and an average price target 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.