NIKE, Inc. (NYSE:NKE) Shares Bought by Fiduciary Group LLC

Fiduciary Group LLC lifted its position in shares of NIKE, Inc. (NYSE:NKE) by 9.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,319 shares of the footwear maker’s stock after purchasing an additional 3,333 shares during the period. Fiduciary Group LLC’s holdings in NIKE were worth $4,052,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Excalibur Management Corp boosted its stake in NIKE by 1.9% during the 3rd quarter. Excalibur Management Corp now owns 5,148 shares of the footwear maker’s stock valued at $492,000 after purchasing an additional 98 shares during the period. Baxter Bros Inc. lifted its holdings in shares of NIKE by 2.0% during the third quarter. Baxter Bros Inc. now owns 5,045 shares of the footwear maker’s stock worth $482,000 after buying an additional 100 shares during the last quarter. First Pacific Financial boosted its position in shares of NIKE by 1.3% in the third quarter. First Pacific Financial now owns 8,098 shares of the footwear maker’s stock valued at $774,000 after acquiring an additional 100 shares during the period. Jeppson Wealth Management LLC boosted its position in shares of NIKE by 4.5% in the third quarter. Jeppson Wealth Management LLC now owns 2,315 shares of the footwear maker’s stock valued at $221,000 after acquiring an additional 100 shares during the period. Finally, Cairn Investment Group Inc. grew its stake in shares of NIKE by 4.2% in the third quarter. Cairn Investment Group Inc. now owns 2,500 shares of the footwear maker’s stock worth $239,000 after acquiring an additional 100 shares during the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Price Performance

NKE stock traded up $0.18 during midday trading on Friday, reaching $94.12. 6,115,744 shares of the company’s stock traded hands, compared to its average volume of 9,124,711. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63. The company has a market cap of $142.06 billion, a price-to-earnings ratio of 27.68, a PEG ratio of 1.82 and a beta of 1.08. The company has a 50-day simple moving average of $96.96 and a two-hundred day simple moving average of $103.34. NIKE, Inc. has a 1-year low of $88.66 and a 1-year high of $128.68.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, beating the consensus estimate of $0.69 by $0.29. The business had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. On average, analysts anticipate that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were paid a $0.37 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.48 dividend on an annualized basis and a yield of 1.57%. NIKE’s payout ratio is presently 43.53%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NKE shares. Telsey Advisory Group cut their target price on shares of NIKE from $140.00 to $120.00 and set an “outperform” rating for the company in a research note on Monday, March 18th. Oppenheimer lowered shares of NIKE from an “outperform” rating to a “market perform” rating and set a $110.00 price objective for the company. in a research report on Friday, February 16th. Williams Trading reissued a “sell” rating and set a $85.00 target price (down from $92.00) on shares of NIKE in a research report on Monday, March 18th. HSBC cut their price target on NIKE from $120.00 to $115.00 and set a “hold” rating for the company in a report on Monday, January 22nd. Finally, Barclays decreased their price objective on NIKE from $142.00 to $114.00 and set an “overweight” rating on the stock in a report on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.26.

NIKE Company 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.