EnRich Financial Partners LLC Raises Stock Holdings in NIKE, Inc. (NYSE:NKE)

EnRich Financial Partners LLC boosted its position in NIKE, Inc. (NYSE:NKE) by 196.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 412 shares of the footwear maker’s stock after buying an additional 273 shares during the quarter. EnRich Financial Partners LLC’s holdings in NIKE were worth $31,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in NKE. Heck Capital Advisors LLC bought a new stake in NIKE in the 4th quarter worth about $28,000. Caitlin John LLC boosted its holdings in NIKE by 117.0% during 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 period. Roxbury Financial LLC purchased a new stake in shares of NIKE in the 4th quarter worth $30,000. LFA Lugano Financial Advisors SA lifted its stake in shares of NIKE by 110.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock worth $30,000 after purchasing an additional 210 shares during the last quarter. Finally, Hopwood Financial Services Inc. acquired a new position in NIKE during the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling

In other NIKE news, Director Robert Holmes Swan purchased 8,600 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average cost of $58.46 per share, with a total value of $502,756.00. Following the completion of the transaction, the director now owns 31,983 shares in the company, valued at $1,869,726.18. The trade was a 36.78 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the firm’s stock in a transaction dated 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 transaction, the chairman now directly owns 896,632 shares in the company, valued at approximately $65,301,708.56. This represents a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

NIKE Stock Performance

NYSE:NKE opened at $59.40 on Thursday. The company has a market cap of $87.86 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 2.52 and a beta of 1.15. The firm’s 50-day moving average is $70.93 and its 200-day moving average is $75.39. NIKE, Inc. has a 52-week low of $52.37 and a 52-week high of $98.04. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.26. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company had revenue of $11.27 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same period in the prior year, the business earned $0.98 earnings per share. NIKE’s quarterly revenue was down 9.1% on a year-over-year basis. Equities research analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend was Monday, March 3rd. NIKE’s payout ratio is 53.16%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NKE. Bank of America lowered their target price on NIKE from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Stifel Nicolaus reiterated a “hold” rating and issued a $75.00 target price on shares of NIKE in a report on Friday, April 4th. Robert W. Baird lowered their price target on NIKE from $105.00 to $99.00 and set an “outperform” rating for the company in a report on Friday, March 21st. Evercore ISI decreased their price objective on NIKE from $105.00 to $97.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Finally, Guggenheim restated a “buy” rating and set a $110.00 price target on shares of NIKE in a research note on Wednesday, February 12th. Fifteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $87.38.

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.