Auxier Asset Management Purchases 160 Shares of NIKE, Inc. (NYSE:NKE)

Auxier Asset Management raised its position in NIKE, Inc. (NYSE:NKE) by 1.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 14,001 shares of the footwear maker’s stock after purchasing an additional 160 shares during the period. Auxier Asset Management’s holdings in NIKE were worth $1,238,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Teachers Insurance & Annuity Association of America acquired a new stake in NIKE during the third quarter worth approximately $30,000. VitalStone Financial LLC boosted its position in shares of NIKE by 52.6% during the third quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock valued at $38,000 after buying an additional 150 shares during the last quarter. Bruce G. Allen Investments LLC lifted its position in shares of NIKE by 272.5% during the second quarter. Bruce G. Allen Investments LLC now owns 514 shares of the footwear maker’s stock valued at $39,000 after purchasing an additional 376 shares in the last quarter. Triad Wealth Partners LLC purchased a new position in NIKE during the second quarter worth about $44,000. Finally, Riverview Trust Co bought a new stake in NIKE in the 3rd quarter worth about $52,000. 64.25% of the stock is owned by institutional investors.

NIKE Price Performance

NYSE:NKE opened at $78.34 on Friday. NIKE, Inc. has a 52-week low of $70.75 and a 52-week high of $123.39. The stock has a fifty day moving average of $80.34 and a 200 day moving average of $82.27. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 2.36. The firm has a market capitalization of $117.46 billion, a price-to-earnings ratio of 22.45, a P/E/G ratio of 1.90 and a beta of 1.03.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.18. The firm had revenue of $11.59 billion during the quarter, compared to the consensus estimate of $11.64 billion. NIKE had a return on equity of 39.84% and a net margin of 10.60%. The company’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same quarter last year, the company posted $0.94 EPS. On average, research analysts expect that NIKE, Inc. will post 2.75 EPS for the current fiscal year.

NIKE Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from NIKE’s previous quarterly dividend of $0.37. NIKE’s payout ratio is currently 42.41%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on NKE shares. Evercore ISI cut their target price on NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 2nd. Telsey Advisory Group reduced their price objective on NIKE from $100.00 to $96.00 and set an “outperform” rating for the company in a research note on Wednesday, October 2nd. UBS Group lifted their target price on NIKE from $78.00 to $82.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Williams Trading upgraded shares of NIKE from a “sell” rating to a “buy” rating and increased their price target for the company from $67.00 to $93.00 in a research report on Friday, August 16th. Finally, Needham & Company LLC started coverage on shares of NIKE in a research note on Friday, November 22nd. They issued a “buy” rating and a $84.00 target price on the stock. Fourteen analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $95.86.

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.