SRS Capital Advisors Inc. Has $243,000 Stock Position in NIKE, Inc. (NYSE:NKE)

SRS Capital Advisors Inc. boosted its position in shares of NIKE, Inc. (NYSE:NKE) by 70.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,210 shares of the footwear maker’s stock after purchasing an additional 1,325 shares during the period. SRS Capital Advisors Inc.’s holdings in NIKE were worth $243,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of NKE. IFG Advisors LLC lifted its position in shares of NIKE by 25.3% in the fourth quarter. IFG Advisors LLC now owns 5,962 shares of the footwear maker’s stock worth $451,000 after buying an additional 1,203 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of NIKE by 12.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 10,155 shares of the footwear maker’s stock worth $758,000 after buying an additional 1,125 shares during the last quarter. Cape Investment Advisory Inc. lifted its position in shares of NIKE by 52.5% in the fourth quarter. Cape Investment Advisory Inc. now owns 932 shares of the footwear maker’s stock worth $71,000 after buying an additional 321 shares during the last quarter. Hickory Point Bank & Trust acquired a new stake in shares of NIKE in the fourth quarter worth about $201,000. Finally, Hamel Associates Inc. lifted its position in shares of NIKE by 0.7% in the fourth quarter. Hamel Associates Inc. now owns 66,333 shares of the footwear maker’s stock worth $5,019,000 after buying an additional 473 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Wall Street Analyst Weigh In

NKE has been the subject of a number of analyst reports. BMO Capital Markets boosted their price target on NIKE from $92.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Jefferies Financial Group raised NIKE from a “hold” rating to a “buy” rating and boosted their price target for the stock from $75.00 to $115.00 in a research report on Monday, February 24th. Morgan Stanley reduced their price target on NIKE from $80.00 to $74.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. UBS Group reissued a “neutral” rating and set a $73.00 price objective on shares of NIKE in a research report on Thursday, December 26th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $80.00 price objective on shares of NIKE in a research report on Wednesday, February 19th. Fourteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $89.77.

Insider Buying and Selling

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

NIKE Trading Down 1.3 %

NKE stock opened at $77.36 on Wednesday. NIKE, Inc. has a 1-year low of $68.62 and a 1-year high of $102.49. The firm has a market cap of $114.43 billion, a P/E ratio of 23.88, a P/E/G ratio of 2.52 and a beta of 1.01. The business’s 50 day moving average is $74.68 and its 200-day moving average is $78.25. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share 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 company had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.11 billion. During the same period in the prior year, the company posted $1.03 EPS. The company’s revenue was down 7.7% compared to the same quarter last year. Equities analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be given a dividend of $0.40 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.07%. NIKE’s dividend payout ratio (DPR) is presently 49.38%.

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.