Global Strategic Investment Solutions LLC Grows Holdings in NIKE, Inc. (NYSE:NKE)

Global Strategic Investment Solutions LLC increased its position in NIKE, Inc. (NYSE:NKE) by 5.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,802 shares of the footwear maker’s stock after acquiring an additional 206 shares during the quarter. Global Strategic Investment Solutions LLC’s holdings in NIKE were worth $288,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Teachers Insurance & Annuity Association of America bought a new position in NIKE in the 3rd quarter worth approximately $30,000. Caitlin John LLC boosted its stake in NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 200 shares during the period. Heck Capital Advisors LLC bought a new position in NIKE in the 4th quarter worth approximately $28,000. Roxbury Financial LLC bought a new position in NIKE in the 4th quarter worth approximately $30,000. Finally, BankPlus Trust Department bought a new position in NIKE in the 4th quarter worth approximately $34,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NKE has been the subject of several recent analyst reports. BMO Capital Markets upped their price target on NIKE from $92.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Needham & Company LLC restated a “buy” rating and issued a $84.00 price target on shares of NIKE in a research note on Friday, February 7th. Bank of America dropped their price target on NIKE from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Guggenheim reiterated a “buy” rating and set a $110.00 target price on shares of NIKE in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company lowered their target price on NIKE from $95.00 to $92.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Fourteen 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 company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $89.77.

NIKE Stock Down 1.4 %

Shares of NKE opened at $78.29 on Tuesday. The company has a market cap of $115.80 billion, a PE ratio of 24.16, a P/E/G ratio of 2.52 and a beta of 1.01. The business has a fifty day moving average of $74.67 and a 200 day moving average of $78.29. NIKE, Inc. has a 52-week low of $68.62 and a 52-week high of $102.49. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE) last released its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.15. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.11 billion. During the same quarter last year, the firm posted $1.03 earnings per share. The business’s revenue was down 7.7% compared to the same quarter last year. On average, sell-side analysts expect that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.04%. NIKE’s payout ratio is 49.38%.

Insiders Place Their Bets

In other NIKE news, Director John W. Rogers, Jr. bought 2,500 shares of NIKE stock in a transaction on Friday, December 27th. The shares were acquired at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the purchase, the director now directly 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 filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $72.83, for a total value of $12,361,581.56. Following the completion of the sale, the chairman now owns 896,632 shares in the company, valued at approximately $65,301,708.56. The trade was a 15.92 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

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.