Exencial Wealth Advisors LLC Has $6.80 Million Stock Position in NIKE, Inc. (NYSE:NKE)

Exencial Wealth Advisors LLC lifted its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 37.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 89,874 shares of the footwear maker's stock after purchasing an additional 24,361 shares during the period. Exencial Wealth Advisors LLC's holdings in NIKE were worth $6,801,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Chicago Partners Investment Group LLC boosted its stake in shares of NIKE by 10.3% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 6,586 shares of the footwear maker's stock valued at $582,000 after purchasing an additional 614 shares during the last quarter. Confluence Wealth Services Inc. boosted its stake in NIKE by 4.3% in the third quarter. Confluence Wealth Services Inc. now owns 11,563 shares of the footwear maker's stock valued at $1,022,000 after acquiring an additional 475 shares during the last quarter. Lansing Street Advisors acquired a new stake in NIKE during the 3rd quarter worth $594,000. Robeco Institutional Asset Management B.V. raised its position in shares of NIKE by 0.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 301,731 shares of the footwear maker's stock valued at $26,673,000 after acquiring an additional 1,830 shares during the last quarter. Finally, CORDA Investment Management LLC. lifted its stake in shares of NIKE by 13.9% in the 3rd quarter. CORDA Investment Management LLC. now owns 120,822 shares of the footwear maker's stock valued at $10,681,000 after purchasing an additional 14,781 shares during the period. 64.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NKE has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $84.00 price objective on shares of NIKE in a research note on Friday, February 7th. Jefferies Financial Group upgraded NIKE from a "hold" rating to a "buy" rating and boosted their target price for the stock from $75.00 to $115.00 in a research report on Monday, February 24th. Telsey Advisory Group restated a "market perform" rating and set a $80.00 price objective on shares of NIKE in a report on Wednesday, February 19th. DA Davidson upgraded shares of NIKE to a "strong-buy" rating in a report on Monday, December 23rd. Finally, Robert W. Baird reduced their price target on shares of NIKE from $110.00 to $105.00 and set an "outperform" rating on the stock in a research report on Monday, December 23rd. Fourteen 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. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $89.77.

NIKE Stock Performance

Shares of NIKE stock traded up $0.44 during trading on Wednesday, hitting $77.76. 9,361,664 shares of the stock were exchanged, compared to its average volume of 13,237,470. 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 company has a fifty day moving average price of $74.68 and a 200-day moving average price of $78.25. The stock has a market capitalization of $115.01 billion, a price-to-earnings ratio of 24.00, a price-to-earnings-growth ratio of 2.52 and a beta of 1.01. NIKE, Inc. has a 1-year low of $68.62 and a 1-year high of $102.49.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $12.11 billion. During the same quarter in the previous year, the business earned $1.03 earnings per share. The business's revenue was down 7.7% compared to the same quarter last year. As a group, equities analysts predict that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.06%. NIKE's dividend payout ratio is currently 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 bought at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the transaction, the director now owns 34,403 shares in the company, valued at approximately $2,636,989.95. This represents a 7.84 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, 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 stock was sold at an average price of $72.83, for a total value of $12,361,581.56. Following the sale, the chairman now directly owns 896,632 shares in the company, valued at $65,301,708.56. This represents a 15.92 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

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.