2,367 Shares in NIKE, Inc. (NYSE:NKE) Acquired by Wayfinding Financial LLC

Wayfinding Financial LLC purchased a new position in NIKE, Inc. (NYSE:NKE) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,367 shares of the footwear maker’s stock, valued at approximately $151,000.

Several other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in NIKE by 32.4% in the 4th quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker’s stock worth $2,749,903,000 after acquiring an additional 8,898,591 shares during the last quarter. Geode Capital Management LLC increased its stake in NIKE by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 25,376,558 shares of the footwear maker’s stock worth $1,915,110,000 after acquiring an additional 347,178 shares during the last quarter. Capital World Investors increased its stake in NIKE by 10.3% in the 4th quarter. Capital World Investors now owns 24,545,937 shares of the footwear maker’s stock worth $1,857,389,000 after acquiring an additional 2,288,627 shares during the last quarter. Norges Bank bought a new position in shares of NIKE in the fourth quarter worth approximately $1,126,288,000. Finally, Northern Trust Corp increased its position in shares of NIKE by 8.8% in the fourth quarter. Northern Trust Corp now owns 14,690,435 shares of the footwear maker’s stock worth $1,111,625,000 after purchasing an additional 1,183,641 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Royal Bank Of Canada decreased their price objective on shares of NIKE from $66.00 to $65.00 and set a “sector perform” rating on the stock in a research report on Tuesday, May 20th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of NIKE from $77.00 to $71.00 and set a “buy” rating on the stock in a report on Friday, June 20th. Stifel Nicolaus reduced their target price on NIKE from $75.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, April 10th. Barclays increased their target price on NIKE from $53.00 to $64.00 and gave the company an “equal weight” rating in a research note on Friday, June 27th. Finally, Bank of America increased their target price on NIKE from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, June 27th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $77.19.

NIKE Trading Down 0.1%

Shares of NKE opened at $76.28 on Friday. The company has a quick ratio of 1.50, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The firm has a fifty day simple moving average of $62.36 and a two-hundred day simple moving average of $67.42. The stock has a market capitalization of $112.83 billion, a P/E ratio of 35.31, a PEG ratio of 2.77 and a beta of 1.25. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $90.62.

NIKE (NYSE:NKE) last posted its earnings results on Thursday, June 26th. The footwear maker reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The company had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.69 billion. During the same period in the prior year, the business posted $0.99 earnings per share. NIKE’s revenue for the quarter was down 11.9% on a year-over-year basis. On average, research analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend was Monday, June 2nd. NIKE’s dividend payout ratio (DPR) is currently 74.07%.

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.