OneDigital Investment Advisors LLC Boosts Stake in NIKE, Inc. (NYSE:NKE)

OneDigital Investment Advisors LLC raised its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 83.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 30,793 shares of the footwear maker's stock after purchasing an additional 14,001 shares during the quarter. OneDigital Investment Advisors LLC's holdings in NIKE were worth $2,330,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in NKE. Heck Capital Advisors LLC bought a new stake in NIKE in the fourth quarter worth approximately $28,000. Caitlin John LLC increased its stake in shares of NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. Roxbury Financial LLC bought a new stake in shares of NIKE in the 4th quarter valued at $30,000. LFA Lugano Financial Advisors SA lifted its position in shares of NIKE by 110.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock valued at $30,000 after acquiring an additional 210 shares during the period. Finally, Hopwood Financial Services Inc. bought a new position in NIKE during the fourth quarter worth $30,000. Institutional investors own 64.25% of the company's stock.

Insiders Place Their Bets

In other news, Chairman Mark G. Parker sold 169,732 shares of the business's stock in a transaction that occurred 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 sale, the chairman now owns 896,632 shares of the company's stock, valued at $65,301,708.56. The trade was a 15.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Holmes Swan acquired 8,600 shares of NIKE stock in a transaction that occurred on Friday, April 4th. The shares were purchased at an average cost of $58.46 per share, with a total value of $502,756.00. Following the completion of the acquisition, the director now owns 31,983 shares of the company's stock, valued at $1,869,726.18. The trade was a 36.78 % increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NKE shares. China Renaissance began coverage on shares of NIKE in a report on Wednesday, March 19th. They set a "hold" rating on the stock. JPMorgan Chase & Co. dropped their price objective on shares of NIKE from $73.00 to $64.00 and set a "neutral" rating on the stock in a research note on Friday, March 21st. Robert W. Baird lowered their target price on shares of NIKE from $105.00 to $99.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Jefferies Financial Group raised NIKE from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $75.00 to $115.00 in a report on Monday, February 24th. Finally, Royal Bank of Canada dropped their target price on NIKE from $67.00 to $66.00 and set a "sector perform" rating on the stock in a report on Friday, March 21st. Sixteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $82.81.

NIKE Stock Performance

NYSE:NKE traded down $0.82 during midday trading on Friday, reaching $57.66. The stock had a trading volume of 17,132,246 shares, compared to its average volume of 14,393,340. The stock has a market cap of $85.29 billion, a P/E ratio of 17.80, a P/E/G ratio of 2.52 and a beta of 1.15. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $98.04. The firm has a fifty day simple moving average of $66.75 and a two-hundred day simple moving average of $73.01.

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

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend was Monday, March 3rd. NIKE's dividend payout ratio is presently 53.16%.

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.