Meitav Investment House Ltd. Grows Stock Holdings in NIKE, Inc. (NYSE:NKE)

Meitav Investment House Ltd. grew its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 10.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 595,060 shares of the footwear maker's stock after buying an additional 54,095 shares during the period. Meitav Investment House Ltd.'s holdings in NIKE were worth $45,001,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Heck Capital Advisors LLC bought a new position in NIKE in the 4th quarter worth $28,000. Caitlin John LLC increased its position in shares of NIKE by 117.0% during the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock valued at $28,000 after buying an additional 200 shares during the period. Teachers Insurance & Annuity Association of America purchased a new position in shares of NIKE during the third quarter valued at about $30,000. Roxbury Financial LLC bought a new position in NIKE in the fourth quarter worth about $30,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of NIKE during the 4th quarter worth approximately $43,000. Institutional investors own 64.25% of the company's stock.

Insider Buying and Selling

In related news, Director John W. Rogers, Jr. acquired 2,500 shares of the business's stock in a transaction on Friday, December 27th. The stock was acquired at an average cost of $76.65 per share, with a total value of $191,625.00. Following the acquisition, the director now directly owns 34,403 shares in the company, valued at $2,636,989.95. This represents a 7.84 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction of $12,361,581.56. Following the completion of the transaction, the chairman now directly owns 896,632 shares in the company, valued at $65,301,708.56. This trade represents a 15.92 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NKE. Wells Fargo & Company lowered their target price on NIKE from $95.00 to $92.00 and set an "overweight" rating for the company in a research note on Monday, December 16th. Stifel Nicolaus lowered their price target on shares of NIKE from $79.00 to $75.00 and set a "hold" rating for the company in a research report on Friday, December 20th. Needham & Company LLC reiterated a "buy" rating and set a $84.00 price objective on shares of NIKE in a research note on Friday, February 7th. Evercore ISI cut their target price on NIKE from $105.00 to $97.00 and set an "outperform" rating on the stock in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. lowered their price target on NIKE from $77.00 to $73.00 and set a "neutral" rating for the company in a research report on Monday, December 2nd. Fifteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $88.62.

NIKE Stock Performance

Shares of NYSE NKE traded down $0.73 during trading on Friday, hitting $76.50. The company had a trading volume of 9,698,702 shares, compared to its average volume of 13,086,317. NIKE, Inc. has a 12 month low of $68.62 and a 12 month high of $106.62. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The firm has a market capitalization of $113.15 billion, a P/E ratio of 23.61, a price-to-earnings-growth ratio of 2.50 and a beta of 1.01. The stock has a 50 day simple moving average of $74.33 and a 200 day simple moving average of $78.05.

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, topping analysts' consensus estimates of $0.63 by $0.15. The company had revenue of $12.35 billion for the quarter, compared to analysts' expectations of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm's revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.03 EPS. As a group, analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Monday, March 3rd. NIKE's dividend payout ratio (DPR) is 49.38%.

NIKE 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.