NIKE, Inc. (NYSE:NKE) Shares Purchased by Aveo Capital Partners LLC

Aveo Capital Partners LLC lifted its holdings in NIKE, Inc. (NYSE:NKE) by 65.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,494 shares of the footwear maker’s stock after acquiring an additional 9,694 shares during the quarter. Aveo Capital Partners LLC’s holdings in NIKE were worth $1,853,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Manchester Capital Management LLC increased its stake in shares of NIKE by 12.6% in the fourth quarter. Manchester Capital Management LLC now owns 17,880 shares of the footwear maker’s stock worth $1,353,000 after acquiring an additional 2,004 shares during the period. PineStone Asset Management Inc. increased its stake in shares of NIKE by 0.6% in the fourth quarter. PineStone Asset Management Inc. now owns 1,303,836 shares of the footwear maker’s stock worth $98,661,000 after acquiring an additional 8,184 shares during the period. Nations Financial Group Inc. IA ADV grew its position in NIKE by 0.7% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 20,446 shares of the footwear maker’s stock valued at $1,547,000 after buying an additional 136 shares during the period. PUREfi Wealth LLC acquired a new stake in NIKE during the fourth quarter valued at $350,000. Finally, Bank Pictet & Cie Europe AG lifted its stake in shares of NIKE by 10.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 190,915 shares of the footwear maker’s stock worth $14,447,000 after buying an additional 17,888 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Stock Down 0.3 %

Shares of NYSE:NKE opened at $73.02 on Friday. The firm has a 50 day simple moving average of $74.58 and a 200-day simple moving average of $78.00. NIKE, Inc. has a twelve month low of $68.62 and a twelve month high of $107.34. The company has a market capitalization of $108.00 billion, a PE ratio of 22.54, a P/E/G ratio of 2.34 and a beta of 1.01. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS 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 firm had revenue of $12.35 billion during the quarter, compared to the consensus estimate of $12.11 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. NIKE’s revenue for the quarter was down 7.7% on a year-over-year basis. On average, equities analysts predict that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be given a $0.40 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.60 annualized dividend and a yield of 2.19%. NIKE’s dividend payout ratio (DPR) is 49.38%.

Insider Activity at NIKE

In other news, Director John W. Rogers, Jr. acquired 2,500 shares of the business’s stock in a transaction on Friday, December 27th. The stock was bought at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the transaction, the director now owns 34,403 shares in the company, valued at $2,636,989.95. This represents a 7.84 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have commented on NKE. BMO Capital Markets lifted 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, February 3rd. Evercore ISI reduced their target price on shares of NIKE from $105.00 to $97.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Stifel Nicolaus reduced their target price on shares of NIKE from $79.00 to $75.00 and set a “hold” rating on the stock in a research note on Friday, December 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $84.00 target price on shares of NIKE in a research note on Friday, February 7th. Finally, UBS Group reiterated a “neutral” rating and set a $73.00 price target on shares of NIKE in a research report on Thursday, December 26th. Fifteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $88.62.

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.