NIKE, Inc. (NYSE:NKE) Shares Acquired by Sather Financial Group Inc

Sather Financial Group Inc boosted its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 9.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 441,625 shares of the footwear maker's stock after purchasing an additional 39,337 shares during the quarter. NIKE makes up approximately 2.5% of Sather Financial Group Inc's holdings, making the stock its 20th biggest position. Sather Financial Group Inc's holdings in NIKE were worth $39,040,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Transcendent Capital Group LLC boosted 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 acquiring an additional 200 shares in the last quarter. VitalStone Financial LLC increased its position in shares of NIKE by 52.6% in the third quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker's stock valued at $38,000 after buying an additional 150 shares in the last quarter. Bruce G. Allen Investments LLC increased its position 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 buying an additional 376 shares in the last quarter. Triad Wealth Partners LLC purchased a new stake in shares of NIKE during the second quarter worth approximately $44,000. Finally, MFA Wealth Advisors LLC purchased a new stake in shares of NIKE during the second quarter worth approximately $46,000. 64.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NKE. UBS Group boosted their price objective on NIKE from $78.00 to $82.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 2nd. TD Cowen upped their target price on NIKE from $71.00 to $78.00 and gave the company a "hold" rating in a research report on Wednesday, October 2nd. Robert W. Baird raised their price target on NIKE from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, September 20th. Wells Fargo & Company raised their price target on NIKE from $86.00 to $95.00 and gave the company an "overweight" rating in a report on Friday, September 20th. Finally, Stifel Nicolaus dropped their price objective on NIKE from $88.00 to $79.00 and set a "hold" rating for the company in a research note on Monday, August 26th. Fourteen analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $96.48.

NIKE Stock Up 1.3 %

Shares of NYSE:NKE traded up $0.98 during midday trading on Friday, reaching $76.66. The company's stock had a trading volume of 13,584,939 shares, compared to its average volume of 9,020,337. The firm has a 50 day moving average of $80.89 and a 200-day moving average of $83.20. The firm has a market capitalization of $114.94 billion, a P/E ratio of 21.97, a PEG ratio of 1.86 and a beta of 1.03. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 12-month low of $70.75 and a 12-month high of $123.39.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings results on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.18. The company had revenue of $11.59 billion for the quarter, compared to analysts' expectations of $11.64 billion. NIKE had a net margin of 10.60% and a return on equity of 39.84%. NIKE's quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.94 earnings per share. On average, research analysts anticipate that NIKE, Inc. will post 2.74 earnings per share for the current year.

NIKE Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.40 per share. This is a positive change from NIKE's previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.09%. NIKE's dividend payout ratio (DPR) is 42.41%.

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.