HBW Advisory Services LLC Buys 1,818 Shares of NIKE, Inc. (NYSE:NKE)

HBW Advisory Services LLC lifted its stake in NIKE, Inc. (NYSE:NKE) by 5.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,176 shares of the footwear maker’s stock after acquiring an additional 1,818 shares during the period. HBW Advisory Services LLC’s holdings in NIKE were worth $2,813,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Range Financial Group LLC bought a new position in shares of NIKE in the 4th quarter valued at approximately $642,000. Cacti Asset Management LLC acquired a new stake in NIKE in the 4th quarter valued at approximately $9,987,000. ING Groep NV acquired a new stake in NIKE in the 3rd quarter valued at approximately $29,628,000. Confluence Investment Management LLC grew its holdings in NIKE by 6.3% in the 4th quarter. Confluence Investment Management LLC now owns 246,080 shares of the footwear maker’s stock valued at $18,621,000 after buying an additional 14,592 shares during the last quarter. Finally, Everence Capital Management Inc. grew its holdings in NIKE by 128.1% in the 4th quarter. Everence Capital Management Inc. now owns 24,680 shares of the footwear maker’s stock valued at $1,868,000 after buying an additional 13,860 shares during the last quarter. 64.25% of the stock is owned by institutional investors.

NIKE Trading Up 0.6 %

NYSE:NKE traded up $0.46 on Friday, reaching $71.75. The company’s stock had a trading volume of 10,313,431 shares, compared to its average volume of 11,383,392. NIKE, Inc. has a 1-year low of $70.75 and a 1-year high of $107.43. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 2.36. The firm has a market cap of $107.58 billion, a PE ratio of 20.56, a PEG ratio of 1.89 and a beta of 1.02. The business’s 50-day moving average price is $76.43 and its two-hundred day moving average price is $78.65.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.15. The company had revenue of $12.35 billion during the quarter, compared to analysts’ expectations of $12.11 billion. NIKE had a return on equity of 39.84% and a net margin of 10.60%. NIKE’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 earnings per share. Equities research analysts anticipate that NIKE, Inc. will post 2.72 earnings per share for the current fiscal year.

NIKE Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend 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%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Sanford C. Bernstein lowered their target price on NIKE from $112.00 to $109.00 and set an “outperform” rating on the stock in a report on Thursday, September 19th. Jefferies Financial Group boosted their price target on NIKE from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Monday, September 30th. Barclays cut their price objective on NIKE from $79.00 to $70.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Needham & Company LLC reiterated a “buy” rating and issued a $84.00 price objective on shares of NIKE in a research report on Friday, December 20th. Finally, Stifel Nicolaus cut their price objective on NIKE from $79.00 to $75.00 and set a “hold” rating for the company in a research report on Friday, December 20th. Fourteen 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $89.96.

Insider Buying and Selling

In other NIKE news, Director John W. Rogers, Jr. acquired 2,500 shares of the company’s stock in a transaction on Friday, December 27th. The shares were purchased at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the purchase, the director now directly owns 34,403 shares of the company’s stock, valued at approximately $2,636,989.95. This represents a 7.84 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

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.