Soltis Investment Advisors LLC Buys 16,109 Shares of NIKE, Inc. $NKE

Soltis Investment Advisors LLC lifted its stake in shares of NIKE, Inc. (NYSE:NKE) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 202,466 shares of the footwear maker’s stock after acquiring an additional 16,109 shares during the period. NIKE makes up about 0.8% of Soltis Investment Advisors LLC’s investment portfolio, making the stock its 17th largest holding. Soltis Investment Advisors LLC’s holdings in NIKE were worth $12,899,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC grew its position in NIKE by 388.5% in the fourth quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock valued at $15,316,000 after purchasing an additional 160,980 shares in the last quarter. Caxton Associates LLP bought a new position in NIKE in the first quarter valued at $311,000. United Bank grew its position in NIKE by 11.3% in the second quarter. United Bank now owns 17,067 shares of the footwear maker’s stock valued at $1,212,000 after purchasing an additional 1,736 shares in the last quarter. NewEdge Advisors LLC grew its position in NIKE by 0.3% in the second quarter. NewEdge Advisors LLC now owns 64,161 shares of the footwear maker’s stock valued at $4,558,000 after purchasing an additional 197 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in NIKE by 6.5% in the second quarter. CIBC Asset Management Inc now owns 191,268 shares of the footwear maker’s stock valued at $13,588,000 after purchasing an additional 11,646 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling at NIKE

In other NIKE news, Director Robert Holmes Swan acquired 11,781 shares of the company’s stock in a transaction on Tuesday, April 7th. The stock was acquired at an average price of $42.44 per share, for a total transaction of $499,985.64. Following the purchase, the director directly owned 55,074 shares of the company’s stock, valued at $2,337,340.56. This trade represents a 27.21% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Elliott Hill acquired 23,660 shares of the company’s stock in a transaction on Monday, April 13th. The stock was acquired at an average price of $42.27 per share, with a total value of $1,000,108.20. Following the purchase, the chief executive officer directly owned 265,247 shares in the company, valued at approximately $11,211,990.69. This represents a 9.79% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 64,441 shares of company stock worth $2,734,204 over the last quarter. Company insiders own 0.80% of the company’s stock.

NIKE Stock Performance

NYSE NKE opened at $41.88 on Friday. The firm has a 50-day moving average of $47.89 and a 200-day moving average of $58.11. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.45 and a current ratio of 2.14. The stock has a market cap of $62.03 billion, a PE ratio of 27.74, a P/E/G ratio of 2.22 and a beta of 1.12. NIKE, Inc. has a 52-week low of $41.70 and a 52-week high of $80.17.

NIKE (NYSE:NKE) last posted its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.06. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The company had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.23 billion. During the same quarter last year, the company posted $0.54 EPS. NIKE’s quarterly revenue was up .1% compared to the same quarter last year. On average, sell-side analysts anticipate that NIKE, Inc. will post 1.51 EPS for the current year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be paid a $0.41 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.64 annualized dividend and a yield of 3.9%. NIKE’s payout ratio is 108.61%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NKE. Telsey Advisory Group decreased their target price on shares of NIKE from $65.00 to $55.00 and set a “market perform” rating for the company in a research report on Wednesday, April 1st. Wall Street Zen raised shares of NIKE from a “sell” rating to a “hold” rating in a research report on Saturday. DZ Bank reaffirmed a “buy” rating on shares of NIKE in a research report on Tuesday, April 21st. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of NIKE in a research report on Monday, April 13th. Finally, BNP Paribas Exane decreased their target price on shares of NIKE from $35.00 to $23.00 and set an “underperform” rating for the company in a research report on Wednesday, April 1st. Sixteen equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, NIKE has an average rating of “Hold” and an average price target of $62.04.

NIKE Company Profile

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).