NIKE, Inc. $NKE Shares Acquired by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC lifted its stake in shares of NIKE, Inc. (NYSE:NKE) by 6.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,099 shares of the footwear maker’s stock after purchasing an additional 6,334 shares during the period. Steward Partners Investment Advisory LLC’s holdings in NIKE were worth $7,963,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC boosted its stake in shares of NIKE by 388.5% in the fourth quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock worth $15,316,000 after acquiring an additional 160,980 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in NIKE by 13.9% in the 1st quarter. Avantax Advisory Services Inc. now owns 58,934 shares of the footwear maker’s stock valued at $3,741,000 after purchasing an additional 7,180 shares in the last quarter. Cetera Investment Advisers lifted its holdings in NIKE by 3.3% in the 1st quarter. Cetera Investment Advisers now owns 201,850 shares of the footwear maker’s stock valued at $12,813,000 after purchasing an additional 6,406 shares in the last quarter. LPL Financial LLC boosted its stake in NIKE by 25.5% during the 1st quarter. LPL Financial LLC now owns 1,263,797 shares of the footwear maker’s stock worth $80,226,000 after purchasing an additional 257,095 shares during the last quarter. Finally, TCW Group Inc. grew its holdings in shares of NIKE by 4.8% during the first quarter. TCW Group Inc. now owns 17,276 shares of the footwear maker’s stock worth $1,097,000 after buying an additional 794 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Stock Performance

NYSE:NKE opened at $63.68 on Wednesday. The company’s 50-day moving average is $66.96 and its two-hundred day moving average is $69.05. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $82.44. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.45. The firm has a market capitalization of $94.14 billion, a price-to-earnings ratio of 32.66, a PEG ratio of 2.41 and a beta of 1.29.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.22. The business had revenue of $11.72 billion during the quarter, compared to the consensus estimate of $10.96 billion. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.70 EPS. Analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 1st will be given a $0.41 dividend. This is an increase from NIKE’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, December 1st. NIKE’s dividend payout ratio (DPR) is presently 84.10%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NKE. DZ Bank raised shares of NIKE from a “hold” rating to a “buy” rating in a research note on Wednesday, October 1st. Royal Bank Of Canada reiterated an “outperform” rating on shares of NIKE in a report on Friday, October 10th. Stifel Nicolaus set a $68.00 target price on shares of NIKE and gave the stock a “hold” rating in a research note on Wednesday, October 1st. The Goldman Sachs Group set a $85.00 target price on NIKE and gave the stock a “buy” rating in a report on Thursday, September 25th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $75.00 price target on shares of NIKE in a research report on Wednesday, October 1st. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, NIKE currently has an average rating of “Moderate Buy” and a consensus target price of $82.24.

Insider Activity

In related news, Chairman Mark G. Parker sold 86,078 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $64.80, for a total transaction of $5,577,854.40. Following the completion of the sale, the chairman directly owned 647,615 shares of the company’s stock, valued at approximately $41,965,452. This trade represents a 11.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Treasure Heinle sold 4,300 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $71.27, for a total transaction of $306,461.00. Following the completion of the sale, the executive vice president owned 29,396 shares in the company, valued at approximately $2,095,052.92. This trade represents a 12.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.80% of the company’s stock.

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.