NIKE, Inc. (NYSE:NKE) Shares Purchased by Mather Group LLC.

Mather Group LLC. boosted its holdings in shares of NIKE, Inc. (NYSE:NKE) by 14.4% in the 4th quarter, Holdings Channel reports. The fund owned 30,012 shares of the footwear maker’s stock after acquiring an additional 3,782 shares during the quarter. Mather Group LLC.’s holdings in NIKE were worth $2,271,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in NKE. Commonwealth Financial Services LLC purchased a new stake in shares of NIKE in the fourth quarter valued at about $208,000. Tempus Wealth Planning LLC lifted its holdings in NIKE by 19.2% in the fourth quarter. Tempus Wealth Planning LLC now owns 5,834 shares of the footwear maker’s stock valued at $441,000 after acquiring an additional 940 shares during the last quarter. Calamos Advisors LLC grew its position in NIKE by 30.9% in the fourth quarter. Calamos Advisors LLC now owns 349,898 shares of the footwear maker’s stock worth $26,477,000 after acquiring an additional 82,500 shares during the period. Alliance Wealth Advisors LLC UT increased its stake in NIKE by 19.0% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 9,147 shares of the footwear maker’s stock worth $692,000 after acquiring an additional 1,459 shares during the last quarter. Finally, Optas LLC raised its position in NIKE by 5.2% in the fourth quarter. Optas LLC now owns 3,861 shares of the footwear maker’s stock valued at $292,000 after purchasing an additional 191 shares during the period. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Telsey Advisory Group cut NIKE from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $93.00 to $80.00 in a report on Friday, December 20th. BMO Capital Markets increased their target price on shares of NIKE from $92.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday. Bank of America reduced their price target on shares of NIKE from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $84.00 price objective on shares of NIKE in a research report on Friday, December 20th. Finally, TD Cowen dropped their target price on shares of NIKE from $78.00 to $73.00 and set a “hold” rating for the company in a report on Monday, November 18th. Fourteen equities 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, the company presently has an average rating of “Moderate Buy” and an average target price of $89.77.

Insider Activity at NIKE

In other news, Director John W. Rogers, Jr. purchased 2,500 shares of the business’s stock in a transaction on Friday, December 27th. The shares were bought at an average price of $76.65 per share, with a total value of $191,625.00. Following the completion of the transaction, the director now directly owns 34,403 shares in the company, valued at approximately $2,636,989.95. This represents a 7.84 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is owned by corporate insiders.

NIKE Stock Up 0.3 %

Shares of NYSE NKE opened at $76.79 on Wednesday. NIKE, Inc. has a 1 year low of $70.32 and a 1 year high of $107.43. The company has a market capitalization of $113.57 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 2.50 and a beta of 1.01. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The business has a 50-day moving average of $75.54 and a two-hundred day moving average of $78.09.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $12.35 billion during the quarter, compared to the consensus estimate of $12.11 billion. During the same period in the prior year, the company posted $1.03 earnings per share. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. On average, analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were paid a dividend of $0.40 per share. This is a positive change from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a yield of 2.08%. The ex-dividend date was Monday, December 2nd. NIKE’s dividend payout ratio (DPR) is currently 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.