Americana Partners LLC Makes New $9.50 Million Investment in NIKE, Inc. (NYSE:NKE)

Americana Partners LLC bought a new position in shares of NIKE, Inc. (NYSE:NKE) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 125,574 shares of the footwear maker’s stock, valued at approximately $9,502,000.

Other institutional investors also recently made changes to their positions in the company. Good Life Advisors LLC purchased a new stake in NIKE during the third quarter worth about $316,000. Stratos Wealth Advisors LLC boosted its holdings in NIKE by 6.7% during the third quarter. Stratos Wealth Advisors LLC now owns 8,104 shares of the footwear maker’s stock worth $716,000 after buying an additional 506 shares in the last quarter. KMG Fiduciary Partners LLC boosted its holdings in NIKE by 1.0% during the third quarter. KMG Fiduciary Partners LLC now owns 15,115 shares of the footwear maker’s stock worth $1,336,000 after buying an additional 149 shares in the last quarter. Blue Trust Inc. boosted its holdings in NIKE by 164.6% during the third quarter. Blue Trust Inc. now owns 11,955 shares of the footwear maker’s stock worth $1,057,000 after buying an additional 7,437 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in NIKE by 7.5% during the third quarter. Raymond James & Associates now owns 1,505,332 shares of the footwear maker’s stock worth $133,071,000 after buying an additional 105,093 shares in the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Price Performance

NKE opened at $73.02 on Monday. The company has a fifty day simple moving average of $74.46 and a 200 day simple moving average of $78.03. The firm has a market cap of $108.00 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 2.34 and a beta of 1.01. NIKE, Inc. has a twelve month low of $68.62 and a twelve month high of $107.34. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.15. The business had revenue of $12.35 billion during the quarter, compared to analyst estimates of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The business’s revenue was down 7.7% on a year-over-year basis. During the same period last year, the business earned $1.03 EPS. Equities research analysts expect that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.19%. NIKE’s dividend payout ratio (DPR) is 49.38%.

Insider Buying and Selling at NIKE

In related news, Director John W. Rogers, Jr. acquired 2,500 shares of NIKE stock in a transaction on Friday, December 27th. The shares were purchased at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the purchase, the director now directly owns 34,403 shares of the company’s stock, valued at $2,636,989.95. The trade was a 7.84 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NKE has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of NIKE from $92.00 to $82.00 and set a “buy” rating on the stock in a report on Monday, December 16th. TD Cowen reduced their price target on shares of NIKE from $78.00 to $73.00 and set a “hold” rating on the stock in a report on Monday, November 18th. Stifel Nicolaus reduced their price target on shares of NIKE from $79.00 to $75.00 and set a “hold” rating on the stock in a report on Friday, December 20th. BMO Capital Markets upped their price target on shares of NIKE from $92.00 to $95.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Finally, UBS Group reissued a “neutral” rating and set a $73.00 price objective on shares of NIKE in a research note on Thursday, December 26th. Fifteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $88.62.

About NIKE

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.