S.E.E.D. Planning Group LLC Makes New Investment in NIKE, Inc. (NYSE:NKE)

S.E.E.D. Planning Group LLC acquired a new stake in NIKE, Inc. (NYSE:NKE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 6,570 shares of the footwear maker's stock, valued at approximately $497,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Teachers Insurance & Annuity Association of America purchased a new position in NIKE in the third quarter valued at $30,000. VitalStone Financial LLC boosted its position in shares of NIKE by 52.6% during 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 in the last quarter. Dunhill Financial LLC increased its holdings in shares of 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 during the last quarter. Ecofi Investissements SA acquired a new stake in shares of NIKE during the 2nd quarter worth about $49,000. Finally, Riverview Trust Co acquired a new stake in shares of NIKE during the 3rd quarter worth about $52,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Price Performance

NIKE stock traded down $0.13 during mid-day trading on Wednesday, reaching $71.04. The company had a trading volume of 13,450,153 shares, compared to its average volume of 13,185,806. The stock's 50-day simple moving average is $76.05 and its 200-day simple moving average is $78.06. NIKE, Inc. has a 1 year low of $70.53 and a 1 year high of $107.43. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.36 and a quick ratio of 1.58. The company has a market capitalization of $105.08 billion, a P/E ratio of 20.36, a P/E/G ratio of 1.89 and a beta of 1.02.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.15. The firm had revenue of $12.35 billion during the quarter, compared to analysts' expectations of $12.11 billion. NIKE had a return on equity of 39.84% and a net margin of 10.60%. NIKE's revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 earnings per share. On average, equities analysts predict that NIKE, Inc. will post 2.72 EPS for the current year.

NIKE Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on NKE. Sanford C. Bernstein dropped their price target on shares of NIKE from $112.00 to $109.00 and set an "outperform" rating on the stock in a research note on Thursday, September 19th. Barclays dropped their target price on shares of NIKE from $79.00 to $70.00 and set an "equal weight" rating on the stock in a research report on Friday, December 20th. UBS Group reissued a "neutral" rating and issued a $73.00 price target on shares of NIKE in a research report on Thursday, December 26th. Wells Fargo & Company dropped their price objective on NIKE from $95.00 to $92.00 and set an "overweight" rating on the stock in a report on Monday, December 16th. Finally, Evercore ISI reduced their target price on NIKE from $105.00 to $97.00 and set an "outperform" rating for the company in a report on Monday, December 16th. Fourteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $89.96.

Insider Activity at NIKE

In other news, Director John W. Rogers, Jr. bought 2,500 shares of the business's stock in a transaction that occurred on Friday, December 27th. The stock was purchased at an average price of $76.65 per share, with a total value of $191,625.00. Following the purchase, the director now owns 34,403 shares of the company's stock, valued at $2,636,989.95. This trade represents a 7.84 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is owned by corporate insiders.

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.