FNY Investment Advisers LLC Raises Holdings in NIKE, Inc. (NYSE:NKE)

FNY Investment Advisers LLC lifted its holdings in NIKE, Inc. (NYSE:NKE) by 5,745.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,652 shares of the footwear maker’s stock after buying an additional 8,504 shares during the quarter. FNY Investment Advisers LLC’s holdings in NIKE were worth $654,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Horizon Wealth Management LLC grew its position in NIKE by 22.3% during the fourth quarter. Horizon Wealth Management LLC now owns 2,974 shares of the footwear maker’s stock worth $225,000 after buying an additional 543 shares during the period. Elevated Capital Advisors LLC grew its holdings in shares of NIKE by 6.5% in the 4th quarter. Elevated Capital Advisors LLC now owns 2,722 shares of the footwear maker’s stock worth $206,000 after acquiring an additional 167 shares during the period. Persium Advisors LLC purchased a new position in NIKE in the 4th quarter valued at approximately $393,000. Wedmont Private Capital raised its holdings in NIKE by 8.8% during the fourth quarter. Wedmont Private Capital now owns 4,927 shares of the footwear maker’s stock worth $351,000 after purchasing an additional 398 shares during the last quarter. Finally, Fragasso Financial Advisors Inc boosted its position in NIKE by 9.6% during the fourth quarter. Fragasso Financial Advisors Inc now owns 3,293 shares of the footwear maker’s stock worth $249,000 after purchasing an additional 289 shares in the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NKE has been the subject of several research reports. DA Davidson raised NIKE to a “strong-buy” rating in a research note on Monday, December 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $84.00 price target on shares of NIKE in a report on Friday, December 20th. Sanford C. Bernstein lowered their price target on shares of NIKE from $112.00 to $109.00 and set an “outperform” rating on the stock in a research report on Thursday, September 19th. TD Cowen cut their price objective on NIKE from $78.00 to $73.00 and set a “hold” rating for the company in a research report on Monday, November 18th. Finally, 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 report on Friday, December 20th. Fourteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $89.96.

Insider Buying and Selling

In related news, Director John W. Rogers, Jr. acquired 2,500 shares of the firm’s stock in a transaction on Friday, December 27th. The stock was bought at an average cost of $76.65 per share, with a total value of $191,625.00. Following the acquisition, the director now directly owns 34,403 shares in the company, valued at approximately $2,636,989.95. The trade was a 7.84 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by insiders.

NIKE Stock Up 1.3 %

Shares of NIKE stock opened at $72.16 on Tuesday. The company has a fifty day moving average price of $76.19 and a 200 day moving average price of $78.09. The company has a current ratio of 2.36, a quick ratio of 1.58 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a twelve month low of $70.75 and a twelve month high of $107.43. The stock has a market cap of $106.73 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 1.89 and a beta of 1.02.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, topping the consensus estimate of $0.63 by $0.15. NIKE had a return on equity of 39.84% and a net margin of 10.60%. The firm had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.11 billion. During the same period in the previous year, the company posted $1.03 EPS. NIKE’s revenue for the quarter was down 7.7% on a year-over-year basis. Equities research analysts forecast that NIKE, Inc. will post 2.72 earnings per share for the current fiscal year.

NIKE Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors 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 yield of 2.22%. This is a positive change from NIKE’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, December 2nd. NIKE’s dividend payout ratio (DPR) is presently 49.38%.

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.