NIKE, Inc. (NYSE:NKE) Position Boosted by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC raised its holdings in shares of NIKE, Inc. (NYSE:NKE) by 65.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,926 shares of the footwear maker’s stock after acquiring an additional 16,583 shares during the quarter. Koss Olinger Consulting LLC’s holdings in NIKE were worth $3,173,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vinva Investment Management Ltd grew its stake in shares of NIKE by 69.6% in the 4th quarter. Vinva Investment Management Ltd now owns 59,422 shares of the footwear maker’s stock valued at $4,436,000 after buying an additional 24,390 shares in the last quarter. Stokes Family Office LLC grew its stake in shares of NIKE by 3.3% in the 4th quarter. Stokes Family Office LLC now owns 28,219 shares of the footwear maker’s stock valued at $2,135,000 after buying an additional 908 shares in the last quarter. Generali Asset Management SPA SGR bought a new stake in shares of NIKE in the 4th quarter valued at approximately $5,860,000. Horizon Investments LLC grew its stake in shares of NIKE by 2.1% in the 4th quarter. Horizon Investments LLC now owns 23,953 shares of the footwear maker’s stock valued at $1,813,000 after buying an additional 503 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of NIKE by 9.2% in the 4th quarter. Advisors Asset Management Inc. now owns 52,703 shares of the footwear maker’s stock valued at $3,988,000 after buying an additional 4,421 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NKE. Guggenheim restated a “buy” rating and issued a $110.00 target price on shares of NIKE in a report on Wednesday, February 12th. DA Davidson upgraded NIKE to a “strong-buy” rating in a report on Monday, December 23rd. Telsey Advisory Group restated a “market perform” rating and issued a $80.00 target price on shares of NIKE in a report on Monday. Bank of America reduced their target price on NIKE from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, December 20th. Finally, Stifel Nicolaus reduced their target price on NIKE from $79.00 to $75.00 and set a “hold” rating for the company in a report on Friday, December 20th. Fourteen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, NIKE currently has a consensus rating of “Moderate Buy” and an average target price of $89.54.

Insider Activity

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $72.83, for a total value of $12,361,581.56. Following the completion of the sale, the chairman now owns 896,632 shares of the company’s stock, valued at approximately $65,301,708.56. This represents a 15.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John W. Rogers, Jr. acquired 2,500 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The shares were acquired at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the purchase, the director now directly owns 34,403 shares in the company, valued at $2,636,989.95. This trade represents a 7.84 % increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by insiders.

NIKE Price Performance

Shares of NKE stock opened at $73.28 on Wednesday. The stock’s fifty day moving average is $74.73 and its 200-day moving average is $77.64. 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 market capitalization of $108.38 billion, a PE ratio of 22.62, a PEG ratio of 2.52 and a beta of 1.02. NIKE, Inc. has a 52 week low of $68.62 and a 52 week high of $101.92.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.15. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.11 billion. During the same quarter in the prior year, the firm posted $1.03 earnings per share. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. Equities research analysts expect that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE’s dividend payout ratio (DPR) is presently 49.38%.

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.