NIKE, Inc. (NYSE:NKE) Stake Raised by Harfst & Associates Inc.

Harfst & Associates Inc. boosted its holdings in NIKE, Inc. (NYSE:NKE) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,281 shares of the footwear maker’s stock after acquiring an additional 189 shares during the quarter. Harfst & Associates Inc.’s holdings in NIKE were worth $1,913,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Nwam LLC raised its position in NIKE by 2.9% in the fourth quarter. Nwam LLC now owns 6,318 shares of the footwear maker’s stock worth $478,000 after acquiring an additional 176 shares in the last quarter. Cable Hill Partners LLC raised its position in NIKE by 22.2% in the fourth quarter. Cable Hill Partners LLC now owns 41,230 shares of the footwear maker’s stock worth $3,136,000 after acquiring an additional 7,479 shares in the last quarter. Heritage Investors Management Corp raised its position in NIKE by 1.1% in the fourth quarter. Heritage Investors Management Corp now owns 356,087 shares of the footwear maker’s stock worth $26,945,000 after acquiring an additional 3,888 shares in the last quarter. SRN Advisors LLC bought a new stake in NIKE in the fourth quarter worth about $787,000. Finally, Checchi Capital Advisers LLC raised its position in NIKE by 9.4% in the fourth quarter. Checchi Capital Advisers LLC now owns 8,947 shares of the footwear maker’s stock worth $677,000 after acquiring an additional 766 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors.

NIKE Stock Down 0.7 %

NIKE stock opened at $81.17 on Thursday. The company has a market cap of $120.06 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 2.52 and a beta of 1.01. NIKE, Inc. has a 1-year low of $68.62 and a 1-year high of $105.57. The company has a fifty day simple moving average of $74.54 and a 200 day simple moving average of $78.28. 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 announced its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.15. The business 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%. NIKE’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.03 EPS. Research analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Monday, March 3rd. NIKE’s dividend payout ratio is currently 49.38%.

Insider Activity

In other news, Chairman Mark G. Parker sold 169,732 shares of NIKE stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $72.83, for a total value of $12,361,581.56. Following the completion of the sale, the chairman now directly owns 896,632 shares in the company, valued at approximately $65,301,708.56. The trade was a 15.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John W. Rogers, Jr. acquired 2,500 shares of the stock in a transaction on Friday, December 27th. The shares were bought at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the purchase, the director now owns 34,403 shares in the company, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NKE has been the topic of several research reports. Needham & Company LLC reiterated a “buy” rating and issued a $84.00 price target on shares of NIKE in a research report on Friday, February 7th. Barclays cut their price objective on NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. BMO Capital Markets boosted their price objective on NIKE from $92.00 to $95.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. UBS Group restated a “neutral” rating and set a $73.00 price objective on shares of NIKE in a report on Thursday, December 26th. Finally, JPMorgan Chase & Co. cut their price objective on NIKE from $77.00 to $73.00 and set a “neutral” rating on the stock in a report on Monday, December 2nd. Fourteen research 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $89.77.

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.