Keystone Financial Group Purchases 27,401 Shares of NIKE, Inc. (NYSE:NKE)

Keystone Financial Group grew its position in NIKE, Inc. (NYSE:NKE - Free Report) by 271.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 37,497 shares of the footwear maker's stock after buying an additional 27,401 shares during the period. Keystone Financial Group's holdings in NIKE were worth $2,749,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. XTX Topco Ltd bought a new stake in shares of NIKE in the 3rd quarter valued at about $418,000. Tidal Investments LLC lifted its holdings in shares of NIKE by 65.4% in the third quarter. Tidal Investments LLC now owns 105,571 shares of the footwear maker's stock valued at $9,332,000 after purchasing an additional 41,752 shares in the last quarter. Denver PWM LLC grew its holdings in shares of NIKE by 9.7% during the third quarter. Denver PWM LLC now owns 2,574 shares of the footwear maker's stock worth $228,000 after buying an additional 227 shares in the last quarter. Confluence Investment Management LLC boosted its position in NIKE by 6.3% during the 4th quarter. Confluence Investment Management LLC now owns 246,080 shares of the footwear maker's stock worth $18,621,000 after acquiring an additional 14,592 shares during the last quarter. Finally, Cacti Asset Management LLC acquired a new position in NIKE during the fourth quarter worth $9,987,000. Institutional investors and hedge funds own 64.25% of the company's stock.

Analyst Upgrades and Downgrades

NKE has been the subject of a number of research analyst reports. DA Davidson upgraded NIKE to a "strong-buy" rating in a report on Monday, December 23rd. Wells Fargo & Company decreased their price target on shares of NIKE from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Friday, March 21st. Citigroup lowered NIKE from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $102.00 to $72.00 in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on NIKE from $92.00 to $82.00 and set a "buy" rating on the stock in a research report on Monday, December 16th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $80.00 price target on shares of NIKE in a research report on Monday, March 17th. Sixteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $85.15.

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NIKE Stock Down 0.1 %

Shares of NIKE stock traded down $0.06 on Tuesday, reaching $55.35. The company's stock had a trading volume of 1,779,423 shares, compared to its average volume of 14,047,874. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $98.04. The firm's fifty day simple moving average is $69.65 and its two-hundred day simple moving average is $74.59. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $81.86 billion, a price-to-earnings ratio of 16.97, a P/E/G ratio of 2.52 and a beta of 1.15.

NIKE (NYSE:NKE - Get Free Report) last issued its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.26. The company had revenue of $11.27 billion for the quarter, compared to analysts' expectations of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm's quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter last year, the company posted $0.98 earnings per share. Equities analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend was Monday, March 3rd. NIKE's dividend payout ratio (DPR) is currently 53.16%.

Insider Activity

In other NIKE news, Director Robert Holmes Swan purchased 8,600 shares of the company's stock in a transaction on Friday, April 4th. The stock was acquired at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the purchase, the director now directly owns 31,983 shares of the company's stock, valued at $1,869,726.18. This trade represents a 36.78 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the sale, the chairman now directly owns 896,632 shares of the company's stock, valued at approximately $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.