Heritage Investors Management Corp Buys 3,888 Shares of NIKE, Inc. (NYSE:NKE)

Heritage Investors Management Corp raised its stake in NIKE, Inc. (NYSE:NKE) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 356,087 shares of the footwear maker’s stock after acquiring an additional 3,888 shares during the period. Heritage Investors Management Corp’s holdings in NIKE were worth $26,945,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Teachers Insurance & Annuity Association of America bought a new stake in shares of NIKE in the 3rd quarter worth about $30,000. Caitlin John LLC boosted its position in NIKE by 117.0% in the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock valued at $28,000 after buying an additional 200 shares in the last quarter. Heck Capital Advisors LLC bought a new stake in NIKE during the fourth quarter worth about $28,000. Roxbury Financial LLC acquired a new stake in shares of NIKE during the fourth quarter worth approximately $30,000. Finally, BankPlus Trust Department bought a new position in shares of NIKE in the fourth quarter valued at approximately $34,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NKE has been the topic of a number of research analyst reports. BMO Capital Markets increased their price target on NIKE from $92.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Jefferies Financial Group upgraded NIKE from a “hold” rating to a “buy” rating and raised their target price for the company from $75.00 to $115.00 in a research note on Monday. Evercore ISI cut their price target on NIKE from $105.00 to $97.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Telsey Advisory Group reissued a “market perform” rating and set a $80.00 price objective on shares of NIKE in a report on Wednesday, February 19th. Finally, Morgan Stanley dropped their target price on shares of NIKE from $80.00 to $74.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. Fourteen investment 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $89.77.

NIKE Stock Down 0.7 %

NIKE stock opened at $81.17 on Thursday. NIKE, Inc. has a fifty-two week low of $68.62 and a fifty-two week high of $105.57. 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 firm has a market capitalization of $120.06 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 2.52 and a beta of 1.01. The company’s 50 day simple moving average is $74.54 and its 200 day simple moving average is $78.28.

NIKE (NYSE:NKE) last announced its quarterly 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 net margin of 9.98% and a return on equity of 36.99%. The company had revenue of $12.35 billion for the quarter, compared to analysts’ expectations of $12.11 billion. During the same period last year, the firm posted $1.03 earnings per share. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 annualized dividend and a dividend yield of 1.97%. NIKE’s dividend payout ratio (DPR) is currently 49.38%.

Insider Transactions at NIKE

In related 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 purchased at an average price 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 $2,636,989.95. This represents a 7.84 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 transaction of $12,361,581.56. Following the sale, the chairman now directly owns 896,632 shares of the company’s stock, valued at $65,301,708.56. This represents a 15.92 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

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.