Brookstone Capital Management Increases Position in NIKE, Inc. (NYSE:NKE)

Brookstone Capital Management raised its position in NIKE, Inc. (NYSE:NKE - Free Report) by 16.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 105,797 shares of the footwear maker's stock after buying an additional 14,621 shares during the period. Brookstone Capital Management's holdings in NIKE were worth $8,006,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NKE. Teachers Insurance & Annuity Association of America acquired a new position in NIKE during the 3rd quarter worth $30,000. VitalStone Financial LLC grew its holdings in shares of NIKE by 52.6% in the 3rd 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 period. Dunhill Financial LLC increased its holdings in shares of NIKE by 52.2% in the third quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker's stock worth $44,000 after acquiring an additional 169 shares in the last quarter. Ecofi Investissements SA acquired a new stake in NIKE during the 2nd quarter worth approximately $49,000. Finally, Riverview Trust Co bought a new position in NIKE during the 3rd quarter worth about $52,000. 64.25% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director John W. Rogers, Jr. bought 2,500 shares of the stock in a transaction dated Friday, December 27th. The shares were acquired at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the acquisition, the director now directly owns 34,403 shares in the company, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.10% of the company's stock.

NIKE Trading Down 1.4 %

Shares of NYSE NKE traded down $0.99 during trading hours on Tuesday, reaching $71.09. The stock had a trading volume of 16,722,631 shares, compared to its average volume of 13,151,564. The firm has a market cap of $105.15 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 1.89 and a beta of 1.02. The company has a current ratio of 2.36, a quick ratio of 1.58 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 52-week low of $70.53 and a 52-week high of $107.43. The business's fifty day moving average price is $76.19 and its two-hundred day moving average price is $78.09.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.15. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The firm had revenue of $12.35 billion for the quarter, compared to the consensus estimate of $12.11 billion. During the same quarter in the previous year, the firm earned $1.03 EPS. The company's quarterly revenue was down 7.7% compared to the same quarter last year. Analysts expect that NIKE, Inc. will post 2.72 EPS for the current fiscal year.

NIKE Increases Dividend

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

Analysts Set New Price Targets

NKE has been the subject of several recent research reports. Telsey Advisory Group cut shares of NIKE from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $93.00 to $80.00 in a report on Friday, December 20th. JPMorgan Chase & Co. reduced their price objective on shares of NIKE from $77.00 to $73.00 and set a "neutral" rating for the company in a research report on Monday, December 2nd. Stifel Nicolaus decreased their target price on NIKE from $79.00 to $75.00 and set a "hold" rating on the stock in a research report on Friday, December 20th. Guggenheim cut their price objective on shares of NIKE from $115.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, October 2nd. Finally, TD Cowen decreased their price target on NIKE from $78.00 to $73.00 and set a "hold" rating on the stock in a research report on Monday, November 18th. Fourteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, NIKE presently has an average rating of "Moderate Buy" and a consensus target price of $89.96.

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.