Fiduciary Financial Group LLC Invests $292,000 in NIKE, Inc. (NYSE:NKE)

Fiduciary Financial Group LLC acquired a new position in NIKE, Inc. (NYSE:NKE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,104 shares of the footwear maker's stock, valued at approximately $292,000.

Several other large investors have also added to or reduced their stakes in the business. Teachers Insurance & Annuity Association of America acquired a new position in shares of NIKE during the 3rd quarter worth about $30,000. VitalStone Financial LLC raised its holdings in NIKE by 52.6% during the third quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker's stock worth $38,000 after acquiring an additional 150 shares in the last quarter. Dunhill Financial LLC boosted its position in NIKE by 52.2% during the third quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker's stock valued at $44,000 after purchasing an additional 169 shares during the last quarter. Ecofi Investissements SA bought a new position in NIKE in the second quarter valued at approximately $49,000. Finally, Riverview Trust Co acquired a new position in shares of NIKE during the 3rd quarter worth approximately $52,000. Institutional investors and hedge funds own 64.25% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wells Fargo & Company cut their price objective on NIKE from $95.00 to $92.00 and set an "overweight" rating for the company in a report on Monday, December 16th. Barclays decreased their price objective on shares of NIKE from $79.00 to $70.00 and set an "equal weight" rating for the company in a research report on Friday, December 20th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of NIKE from $92.00 to $82.00 and set a "buy" rating on the stock in a report on Monday, December 16th. DA Davidson upgraded NIKE to a "strong-buy" rating in a report on Monday, December 23rd. Finally, Robert W. Baird dropped their price objective on NIKE from $110.00 to $105.00 and set an "outperform" rating on the stock in a research note on Monday, December 23rd. Fourteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, NIKE presently has a consensus rating of "Moderate Buy" and an average price target of $89.96.

NIKE Price Performance

Shares of NYSE NKE traded up $0.04 during mid-day trading on Thursday, reaching $71.11. The company had a trading volume of 13,673,559 shares, compared to its average volume of 13,236,825. The firm has a market cap of $105.18 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 2.26 and a beta of 1.02. The business's 50-day simple moving average is $75.97 and its 200 day simple moving average is $78.01. NIKE, Inc. has a one year low of $70.32 and a one year high of $107.43. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22.

NIKE (NYSE:NKE - Get Free Report) last released its earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, beating the consensus estimate of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.11 billion. During the same period last year, the firm earned $1.03 EPS. The business's quarterly revenue was down 7.7% compared to the same quarter last year. On average, research analysts predict that NIKE, Inc. will post 2.1 earnings per share for the current fiscal year.

NIKE Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were paid a dividend of $0.40 per share. The ex-dividend date was Monday, December 2nd. This is a boost from NIKE's previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a yield of 2.25%. NIKE's dividend payout ratio is presently 49.38%.

Insiders Place Their Bets

In other NIKE news, Director John W. Rogers, Jr. bought 2,500 shares of the stock in a transaction on Friday, December 27th. The stock was purchased at an average price of $76.65 per share, with a total value of $191,625.00. Following the completion of the purchase, the director now owns 34,403 shares in the company, valued at $2,636,989.95. The trade was a 7.84 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.10% of the company's stock.

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.