NIKE, Inc. (NYSE:NKE) Shares Acquired by Petredis Investment Advisors LLC

Petredis Investment Advisors LLC lifted its holdings in shares of NIKE, Inc. (NYSE:NKE) by 1.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,985 shares of the footwear maker’s stock after acquiring an additional 238 shares during the period. Petredis Investment Advisors LLC’s holdings in NIKE were worth $1,142,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NKE. Heck Capital Advisors LLC purchased a new position in NIKE during the 4th quarter worth $28,000. Roxbury Financial LLC acquired a new stake in shares of NIKE during the fourth quarter worth about $30,000. LFA Lugano Financial Advisors SA boosted its stake in shares of NIKE by 110.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock worth $30,000 after buying an additional 210 shares during the period. Hopwood Financial Services Inc. purchased a new position in shares of NIKE during the fourth quarter worth about $30,000. Finally, EnRich Financial Partners LLC increased its position in NIKE by 196.4% in the 4th quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker’s stock valued at $31,000 after acquiring an additional 273 shares during the period. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE Trading Down 1.4%

NIKE stock opened at $61.91 on Tuesday. The stock has a market cap of $91.58 billion, a PE ratio of 19.11, a P/E/G ratio of 2.52 and a beta of 1.21. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The stock has a 50-day moving average price of $58.80 and a 200 day moving average price of $69.04. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $98.04.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.26. The business had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 earnings per share. Equities research analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be issued a $0.40 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.60 annualized dividend and a yield of 2.58%. NIKE’s dividend payout ratio (DPR) is presently 53.16%.

Analyst Ratings Changes

A number of research firms have recently issued reports on NKE. BMO Capital Markets dropped their target price on NIKE from $95.00 to $92.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. Wells Fargo & Company raised their price objective on shares of NIKE from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 14th. Stifel Nicolaus lowered their price objective on NIKE from $75.00 to $64.00 and set a “hold” rating on the stock in a report on Thursday, April 10th. UBS Group cut their target price on NIKE from $73.00 to $66.00 and set a “neutral” rating for the company in a research note on Friday, March 21st. Finally, Morgan Stanley reduced their price target on NIKE from $72.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, March 21st. Seventeen analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, NIKE presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.26.

Insider Buying and Selling at NIKE

In other NIKE news, Director Robert Holmes Swan bought 8,600 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the purchase, the director now owns 31,983 shares of the company’s stock, valued at $1,869,726.18. This trade represents a 36.78% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by insiders.

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.