Dynasty Wealth Management LLC Increases Holdings in NIKE, Inc. (NYSE:NKE)

Dynasty Wealth Management LLC raised its position in shares of NIKE, Inc. (NYSE:NKE) by 272.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,440 shares of the footwear maker’s stock after purchasing an additional 9,836 shares during the period. Dynasty Wealth Management LLC’s holdings in NIKE were worth $853,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Heck Capital Advisors LLC purchased a new stake in NIKE during the fourth quarter valued at approximately $28,000. EnRich Financial Partners LLC lifted its holdings in shares of NIKE by 196.4% during the 4th quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker’s stock valued at $31,000 after purchasing an additional 273 shares during the last quarter. Roxbury Financial LLC boosted its position in shares of NIKE by 52.1% in the 1st quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker’s stock worth $37,000 after purchasing an additional 201 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE grew its stake in NIKE by 95.1% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 513 shares of the footwear maker’s stock worth $39,000 after buying an additional 250 shares during the last quarter. Finally, Putney Financial Group LLC acquired a new position in NIKE during the 4th quarter valued at about $40,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NIKE

In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of the business’s stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $72.29, for a total transaction of $7,951,900.00. Following the completion of the transaction, the chairman owned 842,361 shares of the company’s stock, valued at $60,894,276.69. The trade was a 11.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on NKE shares. Cfra Research raised NIKE to a “moderate buy” rating in a report on Friday, March 21st. JPMorgan Chase & Co. increased their price objective on shares of NIKE from $56.00 to $64.00 and gave the stock a “neutral” rating in a research note on Friday, June 27th. Wall Street Zen lowered shares of NIKE from a “hold” rating to a “sell” rating in a report on Friday, June 27th. Williams Trading decreased their price objective on NIKE from $93.00 to $73.00 and set a “buy” rating for the company in a report on Monday, April 21st. Finally, Royal Bank Of Canada lowered their price target on shares of NIKE from $66.00 to $65.00 and set a “sector perform” rating on the stock in a report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $77.15.

NIKE Trading Up 1.3%

Shares of NYSE:NKE opened at $73.02 on Friday. The stock has a market capitalization of $108.00 billion, a price-to-earnings ratio of 33.80, a PEG ratio of 2.65 and a beta of 1.25. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $90.62. The company has a 50 day moving average price of $65.21 and a 200 day moving average price of $67.29. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.50 and a current ratio of 2.21.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The company had revenue of $11.10 billion during the quarter, compared to analysts’ expectations of $10.69 billion. During the same period last year, the company posted $0.99 earnings per share. The business’s revenue for the quarter was down 11.9% on a year-over-year basis. On average, research analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd were paid a dividend of $0.40 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.19%. NIKE’s dividend payout ratio (DPR) is presently 74.07%.

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.