NIKE, Inc. (NYSE:NKE) Shares Purchased by Bennett Selby Investments LP

Bennett Selby Investments LP boosted its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 82.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,391 shares of the footwear maker's stock after purchasing an additional 16,498 shares during the quarter. NIKE makes up about 1.1% of Bennett Selby Investments LP's investment portfolio, making the stock its 18th largest holding. Bennett Selby Investments LP's holdings in NIKE were worth $2,754,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Garrison Point Advisors LLC grew its stake in NIKE by 1.9% during the 3rd quarter. Garrison Point Advisors LLC now owns 6,704 shares of the footwear maker's stock worth $593,000 after buying an additional 126 shares during the last quarter. Stephens Consulting LLC grew its position in NIKE by 20.0% during the 3rd quarter. Stephens Consulting LLC now owns 768 shares of the footwear maker's stock worth $68,000 after purchasing an additional 128 shares during the period. PSI Advisors LLC raised its position in NIKE by 26.3% during the third quarter. PSI Advisors LLC now owns 624 shares of the footwear maker's stock valued at $55,000 after acquiring an additional 130 shares in the last quarter. Chapin Davis Inc. increased its holdings in NIKE by 1.2% in the third quarter. Chapin Davis Inc. now owns 11,430 shares of the footwear maker's stock valued at $1,010,000 after buying an additional 133 shares in the last quarter. Finally, Meridian Financial Partners LLC boosted its position in NIKE by 1.6% during the third quarter. Meridian Financial Partners LLC now owns 8,396 shares of the footwear maker's stock worth $742,000 after purchasing an additional 133 shares in the last quarter. Institutional investors own 64.25% of the company's stock.

Analyst Upgrades and Downgrades

NKE has been the subject of several research reports. Wells Fargo & Company dropped their price objective on shares of NIKE from $95.00 to $92.00 and set an "overweight" rating for the company in a research note on Monday, December 16th. Guggenheim reduced their price objective on NIKE from $115.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, October 2nd. Robert W. Baird lowered 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. Stifel Nicolaus cut their target price on NIKE from $79.00 to $75.00 and set a "hold" rating for the company in a research note on Friday, December 20th. Finally, UBS Group reissued a "neutral" rating and issued a $73.00 price objective on shares of NIKE in a report on Thursday, December 26th. Fourteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.96.

NIKE Trading Down 0.9 %

Shares of NYSE:NKE traded down $0.69 during midday trading on Friday, hitting $73.60. 8,098,856 shares of the stock were exchanged, compared to its average volume of 10,025,018. 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, Inc. has a 12 month low of $70.32 and a 12 month high of $107.43. The stock has a market capitalization of $108.86 billion, a price-to-earnings ratio of 22.72, a P/E/G ratio of 2.36 and a beta of 1.02. The business's 50-day moving average price is $75.45 and its 200 day moving average price is $77.86.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, topping 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 firm had revenue of $12.35 billion during the quarter, compared to analyst estimates of $12.11 billion. During the same period last year, the company posted $1.03 EPS. The business's quarterly revenue was down 7.7% on a year-over-year basis. Analysts predict that NIKE, Inc. will post 2.1 earnings per share for the current year.

NIKE Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Monday, December 2nd. This is a boost from NIKE's previous quarterly dividend of $0.37. NIKE's payout ratio is 49.38%.

Insider Activity

In other NIKE news, Director John W. Rogers, Jr. purchased 2,500 shares of the company's stock in a transaction dated Friday, December 27th. The stock was purchased at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.10% of the company's stock.

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.