Mutual Advisors LLC Purchases 744 Shares of NIKE, Inc. (NYSE:NKE)

Mutual Advisors LLC increased its position in NIKE, Inc. (NYSE:NKE) by 2.5% during the fourth quarter, Holdings Channel reports. The firm owned 30,162 shares of the footwear maker’s stock after buying an additional 744 shares during the quarter. Mutual Advisors LLC’s holdings in NIKE were worth $2,145,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Lake Hills Wealth Management LLC raised its holdings in shares of NIKE by 32.8% in the 4th quarter. Lake Hills Wealth Management LLC now owns 3,433 shares of the footwear maker’s stock valued at $260,000 after purchasing an additional 847 shares during the period. SG Americas Securities LLC grew its stake in NIKE by 107.3% in the 4th quarter. SG Americas Securities LLC now owns 22,082 shares of the footwear maker’s stock valued at $1,671,000 after buying an additional 322,969 shares during the last quarter. Evolution Wealth Advisors LLC grew its stake in NIKE by 57.0% in the 4th quarter. Evolution Wealth Advisors LLC now owns 4,132 shares of the footwear maker’s stock valued at $313,000 after buying an additional 1,500 shares during the last quarter. Daymark Wealth Partners LLC grew its stake in NIKE by 0.8% in the 4th quarter. Daymark Wealth Partners LLC now owns 110,855 shares of the footwear maker’s stock valued at $8,388,000 after buying an additional 929 shares during the last quarter. Finally, XML Financial LLC grew its stake in NIKE by 11.5% in the 4th quarter. XML Financial LLC now owns 2,991 shares of the footwear maker’s stock valued at $226,000 after buying an additional 309 shares during the last quarter. 64.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on NKE shares. Robert W. Baird decreased their price target on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Monday, December 23rd. Telsey Advisory Group lowered shares of NIKE from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $93.00 to $80.00 in a research note on Friday, December 20th. Jefferies Financial Group upped their price target on shares of NIKE from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Monday, September 30th. Royal Bank of Canada decreased their price target on shares of NIKE from $82.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 7th. Finally, Guggenheim decreased their target price on shares of NIKE from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, October 2nd. Fourteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $89.96.

Insider Activity at NIKE

In other NIKE news, Director John W. Rogers, Jr. purchased 2,500 shares of the company’s stock in a transaction dated Friday, December 27th. The stock was purchased at an average price of $76.65 per share, with a total value of $191,625.00. Following the completion of the purchase, the director now owns 34,403 shares of the company’s stock, valued at approximately $2,636,989.95. The trade was a 7.84 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.10% of the stock is owned by insiders.

NIKE Price Performance

Shares of NYSE:NKE opened at $73.60 on Friday. The company has a market cap of $108.86 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 2.36 and a beta of 1.02. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The firm has a 50 day simple moving average of $75.52 and a 200 day simple moving average of $77.86. NIKE, Inc. has a one year low of $70.32 and a one year high of $107.43.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, beating the consensus estimate of $0.63 by $0.15. The business had revenue of $12.35 billion during the quarter, compared to the consensus estimate of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm’s revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 EPS. Research analysts predict that NIKE, Inc. will post 2.1 earnings per share for the current fiscal year.

NIKE Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were paid a $0.40 dividend. This is an increase from NIKE’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.60 annualized dividend and a yield of 2.17%. NIKE’s dividend payout ratio is presently 49.38%.

NIKE 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.