YHB Investment Advisors Inc. Has $2.80 Million Stake in NIKE, Inc. (NYSE:NKE)

YHB Investment Advisors Inc. decreased its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 10.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,958 shares of the footwear maker's stock after selling 4,171 shares during the period. YHB Investment Advisors Inc.'s holdings in NIKE were worth $2,797,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of NKE. State Street Corp lifted its position in shares of NIKE by 3.3% during the third quarter. State Street Corp now owns 57,916,789 shares of the footwear maker's stock worth $5,140,796,000 after purchasing an additional 1,862,021 shares in the last quarter. Wellington Management Group LLP lifted its holdings in NIKE by 5.1% in the 3rd quarter. Wellington Management Group LLP now owns 27,442,145 shares of the footwear maker's stock worth $2,425,886,000 after buying an additional 1,343,093 shares in the last quarter. Geode Capital Management LLC boosted its position in NIKE by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 25,029,380 shares of the footwear maker's stock valued at $2,204,451,000 after buying an additional 251,411 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of NIKE by 6.0% during the third quarter. Fisher Asset Management LLC now owns 10,303,182 shares of the footwear maker's stock valued at $910,801,000 after acquiring an additional 583,207 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of NIKE by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,602,534 shares of the footwear maker's stock worth $760,716,000 after acquiring an additional 117,187 shares in the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Price Performance

NKE stock traded down $1.20 on Tuesday, hitting $74.38. 8,656,639 shares of the company's stock traded hands, compared to its average volume of 12,123,184. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The stock has a market cap of $110.02 billion, a price-to-earnings ratio of 22.96, a P/E/G ratio of 2.36 and a beta of 1.02. NIKE, Inc. has a 1-year low of $70.32 and a 1-year high of $107.43. The stock has a fifty day moving average of $75.47 and a 200-day moving average of $77.95.

NIKE (NYSE:NKE - Get Free Report) last issued its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.15. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business had revenue of $12.35 billion for the quarter, compared to analysts' expectations of $12.11 billion. During the same period in the previous year, the firm posted $1.03 EPS. The company's quarterly revenue was down 7.7% on a year-over-year basis. On average, analysts forecast that NIKE, Inc. will post 2.1 EPS for the current fiscal year.

NIKE Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, December 2nd. This is a positive change from NIKE's previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a yield of 2.15%. NIKE's dividend payout ratio is currently 49.38%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on NKE shares. DA Davidson upgraded NIKE to a "strong-buy" rating in a report on Monday, December 23rd. UBS Group reiterated a "neutral" rating and set a $73.00 price objective on shares of NIKE in a research note on Thursday, December 26th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of NIKE from $92.00 to $82.00 and set a "buy" rating for the company in a report on Monday, December 16th. JPMorgan Chase & Co. decreased their price target on NIKE from $77.00 to $73.00 and set a "neutral" rating for the company in a research note on Monday, December 2nd. Finally, Barclays cut their price objective on NIKE from $79.00 to $70.00 and set an "equal weight" rating on the stock in a research note on Friday, December 20th. Fourteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus 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.