NIKE, Inc. (NYSE:NKE) Holdings Raised by Certuity LLC

Certuity LLC boosted its stake in NIKE, Inc. (NYSE:NKE) by 47.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,877 shares of the footwear maker’s stock after buying an additional 4,165 shares during the quarter. Certuity LLC’s holdings in NIKE were worth $974,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NKE. Exchange Traded Concepts LLC lifted its position in NIKE by 15.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 28,141 shares of the footwear maker’s stock worth $2,488,000 after buying an additional 3,864 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its holdings in shares of NIKE by 32.7% during the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 2,261 shares of the footwear maker’s stock valued at $200,000 after purchasing an additional 557 shares in the last quarter. VitalStone Financial LLC raised its holdings in shares of NIKE by 52.6% during the 3rd quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock valued at $38,000 after purchasing an additional 150 shares in the last quarter. Procyon Advisors LLC raised its holdings in shares of NIKE by 389.9% during the 3rd quarter. Procyon Advisors LLC now owns 28,100 shares of the footwear maker’s stock valued at $2,485,000 after purchasing an additional 22,364 shares in the last quarter. Finally, Stablepoint Partners LLC raised its holdings in shares of NIKE by 16.6% during the 3rd quarter. Stablepoint Partners LLC now owns 12,377 shares of the footwear maker’s stock valued at $1,094,000 after purchasing an additional 1,765 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insider Activity at NIKE

In related news, Director John W. Rogers, Jr. bought 2,500 shares of the company’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 completion of the purchase, the director now owns 34,403 shares in the company, valued at approximately $2,636,989.95. The trade was a 7.84 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. UBS Group restated a “neutral” rating and set a $73.00 price target on shares of NIKE in a report on Thursday, December 26th. Wells Fargo & Company cut their price target on shares of NIKE from $95.00 to $92.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Needham & Company LLC restated a “buy” rating and set a $84.00 price target on shares of NIKE in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of NIKE from $92.00 to $82.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. Finally, Morgan Stanley lowered their target price on shares of NIKE from $80.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Fifteen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.62.

NIKE Price Performance

Shares of NIKE stock opened at $71.35 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The firm’s 50-day simple moving average is $74.95 and its 200-day simple moving average is $78.09. NIKE, Inc. has a twelve month low of $68.62 and a twelve month high of $107.43. The firm has a market cap of $105.53 billion, a P/E ratio of 22.02, a price-to-earnings-growth ratio of 2.34 and a beta of 1.01.

NIKE (NYSE:NKE) last issued its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The business 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 business earned $1.03 EPS. The firm’s revenue was down 7.7% on a year-over-year basis. As a group, research analysts expect that NIKE, Inc. will post 2.05 EPS 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 is an increase from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Monday, December 2nd. NIKE’s dividend payout ratio (DPR) is currently 49.38%.

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.