BFI Infinity Ltd. Takes Position in NIKE, Inc. (NYSE:NKE)

BFI Infinity Ltd. acquired a new stake in NIKE, Inc. (NYSE:NKE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,366 shares of the footwear maker’s stock, valued at approximately $255,000.

Several other large investors have also recently bought and sold shares of the business. Mirador Capital Partners LP lifted its holdings in shares of NIKE by 69.8% during the 4th quarter. Mirador Capital Partners LP now owns 72,986 shares of the footwear maker’s stock valued at $5,523,000 after acquiring an additional 30,011 shares in the last quarter. Smith Thornton Advisors LLC acquired a new position in shares of NIKE during the fourth quarter valued at approximately $231,000. Essex Savings Bank lifted its holdings in NIKE by 53.9% in the 4th quarter. Essex Savings Bank now owns 10,707 shares of the footwear maker’s stock valued at $810,000 after acquiring an additional 3,752 shares during the last quarter. Presilium Private Wealth LLC lifted its stake in NIKE by 3.6% during the fourth quarter. Presilium Private Wealth LLC now owns 8,700 shares of the footwear maker’s stock valued at $658,000 after buying an additional 300 shares in the last quarter. Finally, S.E.E.D. Planning Group LLC purchased a new position in shares of NIKE during the 4th quarter valued at $497,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Stock Performance

NYSE:NKE opened at $70.88 on Thursday. NIKE, Inc. has a twelve month low of $70.53 and a twelve month high of $107.43. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The stock has a market cap of $104.84 billion, a P/E ratio of 21.88, a PEG ratio of 2.26 and a beta of 1.02. The business’s 50-day moving average price is $76.05 and its two-hundred day moving average price is $78.06.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.15. The firm had revenue of $12.35 billion for 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 for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 EPS. As a group, equities analysts predict that NIKE, Inc. will post 2.1 EPS for the current fiscal 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 given a dividend of $0.40 per share. This is a boost from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Monday, December 2nd. NIKE’s dividend payout ratio (DPR) is presently 49.38%.

Insiders Place Their Bets

In related news, Director John W. Rogers, Jr. bought 2,500 shares of the stock in a transaction dated Friday, December 27th. The stock was bought 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 in the company, valued at approximately $2,636,989.95. The trade was a 7.84 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

NKE has been the subject of several analyst reports. Barclays reduced their target price on NIKE from $79.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. Morgan Stanley cut their price target on shares of NIKE from $80.00 to $74.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. Sanford C. Bernstein reduced their price target on shares of NIKE from $112.00 to $109.00 and set an “outperform” rating on the stock in a research report on Thursday, September 19th. DA Davidson upgraded shares of NIKE to a “strong-buy” rating in a research report on Monday, December 23rd. Finally, Robert W. Baird lowered their price objective on NIKE from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Monday, December 23rd. Fourteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, NIKE has a consensus rating of “Moderate Buy” and an average price target of $89.96.

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.