NIKE, Inc. (NYSE:NKE) Shares Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lifted its stake in shares of NIKE, Inc. (NYSE:NKE) by 5.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,942 shares of the footwear maker’s stock after purchasing an additional 1,032 shares during the period. Kingswood Wealth Advisors LLC’s holdings in NIKE were worth $1,509,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Range Financial Group LLC acquired a new position in shares of NIKE during the fourth quarter valued at approximately $642,000. Cacti Asset Management LLC purchased a new stake in shares of NIKE during the fourth quarter worth approximately $9,987,000. Capricorn Fund Managers Ltd acquired a new position in NIKE in the 4th quarter valued at $5,384,000. FNY Investment Advisers LLC lifted its holdings in NIKE by 5,745.9% in the 4th quarter. FNY Investment Advisers LLC now owns 8,652 shares of the footwear maker’s stock valued at $654,000 after purchasing an additional 8,504 shares in the last quarter. Finally, Eagle Rock Investment Company LLC boosted its stake in NIKE by 49.2% during the 4th quarter. Eagle Rock Investment Company LLC now owns 60,642 shares of the footwear maker’s stock worth $4,589,000 after purchasing an additional 19,991 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Buying and Selling at NIKE

In other NIKE news, Director John W. Rogers, Jr. bought 2,500 shares of the 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 purchase, the director now directly owns 34,403 shares in the company, valued at $2,636,989.95. The trade was a 7.84 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by corporate insiders.

NIKE Trading Up 2.9 %

Shares of NKE opened at $75.69 on Tuesday. 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 stock has a 50-day moving average price of $75.45 and a 200 day moving average price of $77.94. The company has a market capitalization of $111.96 billion, a P/E ratio of 23.36, a P/E/G ratio of 2.36 and a beta of 1.02. NIKE, Inc. has a one year low of $70.32 and a one year high of $107.43.

NIKE (NYSE:NKE) last issued its 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 in the prior year, the company earned $1.03 earnings per share. The firm’s revenue was down 7.7% compared to the same quarter last year. Sell-side analysts forecast that NIKE, Inc. will post 2.1 EPS for the current fiscal year.

NIKE Increases Dividend

The business also recently disclosed 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 represents a $1.60 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date was Monday, December 2nd. This is a positive change from NIKE’s previous quarterly dividend of $0.37. NIKE’s dividend payout ratio (DPR) is currently 49.38%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on NKE shares. Royal Bank of Canada reduced their target price on shares of NIKE from $82.00 to $80.00 and set a “sector perform” rating for the company in a research report on Thursday, November 7th. Stifel Nicolaus cut their price objective on shares of NIKE from $79.00 to $75.00 and set a “hold” rating for the company in a report on Friday, December 20th. Telsey Advisory Group cut NIKE from an “outperform” rating to a “market perform” rating and cut their price target for the company from $93.00 to $80.00 in a report on Friday, December 20th. Jefferies Financial Group raised their target price on NIKE from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Monday, September 30th. Finally, Needham & Company LLC restated a “buy” rating and set a $84.00 price objective on shares of NIKE in a research report on Friday, December 20th. Fourteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, NIKE presently has a consensus rating of “Moderate Buy” and an average price target of $89.96.

About NIKE

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.