RAM Investment Partners LLC Makes New $1.21 Million Investment in NIKE, Inc. (NYSE:NKE)

RAM Investment Partners LLC bought a new position in shares of NIKE, Inc. (NYSE:NKE) during the fourth quarter, Holdings Channel.com reports. The firm bought 16,021 shares of the footwear maker’s stock, valued at approximately $1,212,000.

Several other institutional investors have also recently made changes to their positions in NKE. Newbridge Financial Services Group Inc. purchased a new position in NIKE during the 4th quarter valued at about $108,000. Kestra Private Wealth Services LLC increased its stake in shares of NIKE by 46.0% during the fourth quarter. Kestra Private Wealth Services LLC now owns 100,832 shares of the footwear maker’s stock valued at $7,630,000 after purchasing an additional 31,750 shares in the last quarter. North Growth Management Ltd. lifted its holdings in shares of NIKE by 231.3% during the fourth quarter. North Growth Management Ltd. now owns 53,000 shares of the footwear maker’s stock valued at $4,036,000 after purchasing an additional 37,000 shares during the last quarter. Stephens Inc. AR boosted its position in shares of NIKE by 131.7% in the 4th quarter. Stephens Inc. AR now owns 82,712 shares of the footwear maker’s stock worth $6,259,000 after purchasing an additional 47,016 shares in the last quarter. Finally, Robinson Value Management Ltd. purchased a new stake in shares of NIKE in the 4th quarter worth approximately $2,505,000. Institutional investors own 64.25% of the company’s stock.

NIKE Stock Down 4.3 %

NKE stock opened at $68.69 on Monday. The business’s 50-day moving average price is $75.12 and its 200-day moving average price is $78.04. The stock has a market cap of $101.60 billion, a P/E ratio of 21.20, 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 $107.43. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.15. The business had revenue of $12.35 billion for the quarter, compared to the consensus estimate of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.03 earnings per share. On average, equities research analysts forecast that NIKE, Inc. will post 2.05 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 paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date was Monday, December 2nd. This is a positive change from NIKE’s previous quarterly dividend of $0.37. NIKE’s dividend payout ratio is presently 49.38%.

Insider Buying and Selling at NIKE

In other NIKE 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, for a total transaction of $191,625.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

NKE has been the subject of a number of recent research reports. DA Davidson upgraded NIKE to a “strong-buy” rating in a research note on Monday, December 23rd. Deutsche Bank Aktiengesellschaft lowered their price target on NIKE from $92.00 to $82.00 and set a “buy” rating for the company in a research report on Monday, December 16th. UBS Group restated a “neutral” rating and set a $73.00 price objective on shares of NIKE in a research note on Thursday, December 26th. BMO Capital Markets increased 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, JPMorgan Chase & Co. decreased their price objective on shares of NIKE from $77.00 to $73.00 and set a “neutral” rating for the company in a report on Monday, December 2nd. Fifteen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $88.62.

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.