Milestone Asset Management LLC Has $8.36 Million Stock Holdings in NIKE, Inc. (NYSE:NKE)

Milestone Asset Management LLC grew its holdings in shares of NIKE, Inc. (NYSE:NKE) by 55.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,488 shares of the footwear maker’s stock after purchasing an additional 39,324 shares during the quarter. NIKE comprises approximately 1.8% of Milestone Asset Management LLC’s portfolio, making the stock its 9th biggest holding. Milestone Asset Management LLC’s holdings in NIKE were worth $8,361,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NKE. Teachers Insurance & Annuity Association of America purchased a new position in shares of NIKE during the third quarter worth approximately $30,000. VitalStone Financial LLC boosted its holdings in NIKE by 52.6% in the third quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock valued at $38,000 after acquiring an additional 150 shares in the last quarter. Dunhill Financial LLC boosted its holdings in NIKE by 52.2% in the third quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker’s stock valued at $44,000 after acquiring an additional 169 shares in the last quarter. Riverview Trust Co bought a new stake in shares of NIKE during the 3rd quarter valued at $52,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of NIKE during the 3rd quarter valued at $54,000. 64.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on NKE. TD Cowen dropped their price target on shares of NIKE from $78.00 to $73.00 and set a “hold” rating on the stock in a research note on Monday, November 18th. UBS Group reaffirmed a “neutral” rating and set a $73.00 price objective on shares of NIKE in a report on Thursday, December 26th. Stifel Nicolaus lowered their price target on NIKE from $79.00 to $75.00 and set a “hold” rating for the company in a research report on Friday, December 20th. Evercore ISI cut their price target on NIKE from $105.00 to $97.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Finally, DA Davidson upgraded NIKE to a “strong-buy” rating in a research note on Monday, December 23rd. Fourteen equities research 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 MarketBeat, NIKE has a consensus rating of “Moderate Buy” and a consensus price target of $89.96.

Insider Transactions at NIKE

In related news, Director John W. Rogers, Jr. purchased 2,500 shares of the firm’s stock in a transaction on Friday, December 27th. The stock was purchased at an average cost 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 in the company, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by company insiders.

NIKE Price Performance

Shares of NYSE NKE opened at $76.65 on Thursday. The firm has a market cap of $113.38 billion, a PE ratio of 23.66, a PEG ratio of 2.36 and a beta of 1.02. 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, Inc. has a 1-year low of $70.32 and a 1-year high of $107.43. The company has a fifty day moving average price of $75.48 and a 200 day moving average price of $77.96.

NIKE (NYSE:NKE) last issued its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.15. The company had revenue of $12.35 billion for the quarter, compared to analysts’ expectations of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. NIKE’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period 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 firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Monday, December 2nd. This is a positive change from NIKE’s previous quarterly dividend of $0.37. NIKE’s payout ratio is 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.