Oppenheimer & Co. Inc. Acquires 9,415 Shares of NIKE, Inc. (NYSE:NKE)

Oppenheimer & Co. Inc. increased its position in NIKE, Inc. (NYSE:NKE - Free Report) by 14.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,769 shares of the footwear maker's stock after acquiring an additional 9,415 shares during the period. Oppenheimer & Co. Inc.'s holdings in NIKE were worth $6,698,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of NKE. Transcendent Capital Group LLC lifted its holdings in NIKE by 97.6% in the first quarter. Transcendent Capital Group LLC now owns 405 shares of the footwear maker's stock worth $38,000 after purchasing an additional 200 shares during the period. VitalStone Financial LLC lifted its stake in shares of NIKE by 52.6% in the 3rd quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker's stock worth $38,000 after acquiring an additional 150 shares during the period. Bruce G. Allen Investments LLC boosted its holdings in shares of NIKE by 272.5% in the second quarter. Bruce G. Allen Investments LLC now owns 514 shares of the footwear maker's stock valued at $39,000 after acquiring an additional 376 shares in the last quarter. Triad Wealth Partners LLC bought a new position in shares of NIKE in the second quarter valued at approximately $44,000. Finally, Riverview Trust Co bought a new stake in NIKE during the third quarter worth approximately $52,000. 64.25% of the stock is currently owned by institutional investors.

NIKE Stock Performance

Shares of NKE stock traded down $0.85 during trading hours on Thursday, reaching $75.67. 6,974,599 shares of the company's stock were exchanged, compared to its average volume of 11,479,373. NIKE, Inc. has a fifty-two week low of $70.75 and a fifty-two week high of $123.39. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $113.46 billion, a P/E ratio of 21.92, a P/E/G ratio of 1.86 and a beta of 1.03. The business has a fifty day moving average price of $81.07 and a 200-day moving average price of $83.44.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings results on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.18. The firm had revenue of $11.59 billion during the quarter, compared to the consensus estimate of $11.64 billion. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The business's revenue was down 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.94 EPS. Analysts predict that NIKE, Inc. will post 2.74 EPS for the current fiscal year.

NIKE Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 2nd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.11%. This is a positive change from NIKE's previous quarterly dividend of $0.37. NIKE's payout ratio is currently 42.41%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Jefferies Financial Group lifted their price target on NIKE from $80.00 to $85.00 and gave the company a "hold" rating in a research report on Monday, September 30th. JPMorgan Chase & Co. cut their price target on shares of NIKE from $80.00 to $77.00 and set a "neutral" rating for the company in a report on Wednesday, October 2nd. Barclays lowered their price objective on shares of NIKE from $84.00 to $81.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 2nd. UBS Group increased their target price on shares of NIKE from $78.00 to $82.00 and gave the company a "neutral" rating in a research note on Wednesday, October 2nd. Finally, Daiwa America lowered shares of NIKE from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, September 11th. Fourteen investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $96.48.

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.