Mirador Capital Partners LP Increases Holdings in NIKE, Inc. (NYSE:NKE)

Mirador Capital Partners LP boosted its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 69.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,986 shares of the footwear maker's stock after buying an additional 30,011 shares during the period. NIKE makes up approximately 1.0% of Mirador Capital Partners LP's portfolio, making the stock its 25th biggest position. Mirador Capital Partners LP's holdings in NIKE were worth $5,523,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of NKE. Teachers Insurance & Annuity Association of America purchased a new position in shares of NIKE during the third quarter worth $30,000. VitalStone Financial LLC boosted its holdings in NIKE by 52.6% during the 3rd quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker's stock valued at $38,000 after acquiring an additional 150 shares during the period. Dunhill Financial LLC grew its position in NIKE by 52.2% in the 3rd quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker's stock valued at $44,000 after acquiring an additional 169 shares in the last quarter. Ecofi Investissements SA purchased a new stake in NIKE during the second quarter worth about $49,000. Finally, Riverview Trust Co acquired a new stake in shares of NIKE during the third quarter worth about $52,000. Institutional investors and hedge funds own 64.25% of the company's stock.

NIKE Stock Performance

Shares of NYSE NKE traded up $0.04 during mid-day trading on Thursday, hitting $71.11. 13,673,559 shares of the company were exchanged, compared to its average volume of 13,236,825. 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 firm has a market cap of $105.18 billion, a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02. The stock has a 50 day simple moving average of $75.97 and a 200-day simple moving average of $78.01. NIKE, Inc. has a 1-year low of $70.32 and a 1-year high of $107.43.

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 the consensus estimate of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company had revenue of $12.35 billion during the quarter, compared to analysts' expectations of $12.11 billion. During the same quarter last year, the business earned $1.03 EPS. The business's revenue was down 7.7% on a year-over-year basis. On average, sell-side analysts forecast that NIKE, Inc. will post 2.1 EPS for the current fiscal year.

NIKE Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were issued a $0.40 dividend. This is a boost from NIKE's previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend was Monday, December 2nd. NIKE's dividend payout ratio (DPR) is currently 49.38%.

Insider Activity at NIKE

In related news, Director John W. Rogers, Jr. bought 2,500 shares of the firm's stock in a transaction on Friday, December 27th. The shares were bought at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the transaction, the director now owns 34,403 shares of the company's stock, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on NKE. Morgan Stanley cut their target price on shares of NIKE from $80.00 to $74.00 and set an "equal weight" rating on the stock in a research note on Friday, December 20th. Bank of America decreased their target price on NIKE from $95.00 to $90.00 and set a "buy" rating for the company in a report on Friday, December 20th. DA Davidson upgraded NIKE to a "strong-buy" rating in a report on Monday, December 23rd. Royal Bank of Canada decreased their price objective on NIKE from $82.00 to $80.00 and set a "sector perform" rating for the company in a research note on Thursday, November 7th. Finally, UBS Group restated a "neutral" rating and set a $73.00 target price on shares of NIKE in a research note on Thursday, December 26th. Fourteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, NIKE has an average rating of "Moderate Buy" and a consensus target price of $89.96.

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.