Life Planning Partners Inc bought a new stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 147,784 shares of the footwear maker's stock, valued at approximately $11,183,000. NIKE makes up about 1.6% of Life Planning Partners Inc's portfolio, making the stock its 18th largest position.
A number of other hedge funds have also recently bought and sold shares of NKE. Heck Capital Advisors LLC bought a new position in NIKE during the 4th quarter worth approximately $28,000. Caitlin John LLC boosted its holdings in NIKE by 117.0% in the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock worth $28,000 after purchasing an additional 200 shares during the period. Roxbury Financial LLC bought a new stake in NIKE during the fourth quarter valued at $30,000. LFA Lugano Financial Advisors SA raised its holdings in shares of NIKE by 110.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock worth $30,000 after purchasing an additional 210 shares during the period. Finally, Hopwood Financial Services Inc. bought a new position in shares of NIKE in the 4th quarter worth about $30,000. Institutional investors and hedge funds own 64.25% of the company's stock.
NIKE Stock Performance
Shares of NYSE NKE traded up $0.28 during midday trading on Monday, hitting $63.57. The company's stock had a trading volume of 17,383,717 shares, compared to its average volume of 12,948,664. NIKE, Inc. has a one year low of $62.41 and a one year high of $98.04. The firm has a market capitalization of $94.02 billion, a price-to-earnings ratio of 19.62, a P/E/G ratio of 2.52 and a beta of 1.02. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The stock has a fifty day moving average price of $74.16 and a 200 day moving average price of $76.92.
NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.26. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm had revenue of $11.27 billion for the quarter, compared to analysts' expectations of $11.02 billion. During the same quarter last year, the company posted $0.98 EPS. The business's quarterly revenue was down 9.1% on a year-over-year basis. On average, research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.
NIKE Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 annualized dividend and a yield of 2.52%. NIKE's payout ratio is 53.16%.
Insider Activity at NIKE
In other news, Chairman Mark G. Parker sold 169,732 shares of the business's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $72.83, for a total value of $12,361,581.56. Following the completion of the transaction, the chairman now owns 896,632 shares in the company, valued at $65,301,708.56. The trade was a 15.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several research firms recently weighed in on NKE. DA Davidson upgraded shares of NIKE to a "strong-buy" rating in a research note on Monday, December 23rd. Evercore ISI cut their price target on NIKE from $105.00 to $97.00 and set an "outperform" rating on the stock in a report on Monday, December 16th. Wells Fargo & Company decreased their target price on shares of NIKE from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Friday, March 21st. Citigroup cut shares of NIKE from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $102.00 to $72.00 in a research report on Friday, February 7th. Finally, Robert W. Baird reduced their price objective on shares of NIKE from $105.00 to $99.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Fifteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, NIKE has an average rating of "Moderate Buy" and an average target price of $87.38.
Read Our Latest Research Report on NKE
About NIKE
(
Free Report)
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.
Featured Stories
Before you consider NIKE, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NIKE wasn't on the list.
While NIKE currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
