Bennett Selby Investments LP Grows Position in NIKE, Inc. (NYSE:NKE)

Bennett Selby Investments LP lifted its holdings in shares of NIKE, Inc. (NYSE:NKE) by 38.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,412 shares of the footwear maker’s stock after buying an additional 14,021 shares during the period. NIKE makes up 1.3% of Bennett Selby Investments LP’s portfolio, making the stock its 18th biggest position. Bennett Selby Investments LP’s holdings in NIKE were worth $3,200,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Heck Capital Advisors LLC purchased a new stake in shares of NIKE during the fourth quarter valued at $28,000. Roxbury Financial LLC purchased a new position in NIKE during the 4th quarter worth approximately $30,000. LFA Lugano Financial Advisors SA grew its stake in shares of NIKE by 110.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock worth $30,000 after purchasing an additional 210 shares during the period. Hopwood Financial Services Inc. acquired a new stake in shares of NIKE during the 4th quarter worth approximately $30,000. Finally, EnRich Financial Partners LLC grew its stake 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 hedge funds and other institutional investors.

NIKE Stock Up 0.2%

NKE opened at $62.82 on Friday. The company has a 50 day moving average of $58.86 and a 200 day moving average of $69.19. The company has a market cap of $92.92 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 2.52 and a beta of 1.21. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $98.04. 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 issued its 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 company had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm’s revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.98 EPS. On average, sell-side analysts expect that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.55%. NIKE’s payout ratio is 53.16%.

Analyst Ratings Changes

Several research firms have recently commented on NKE. Cfra Research upgraded NIKE to a “moderate buy” rating in a report on Friday, March 21st. Citigroup cut their price target on shares of NIKE from $72.00 to $57.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. Telsey Advisory Group lowered their price objective on NIKE from $80.00 to $70.00 and set a “market perform” rating for the company in a research report on Tuesday, May 6th. Dbs Bank raised NIKE from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Finally, Williams Trading lowered their price target on NIKE from $93.00 to $73.00 and set a “buy” rating for the company in a report on Monday, April 21st. Seventeen analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, NIKE has an average rating of “Moderate Buy” and an average price target of $80.26.

Insider Activity

In other news, Director Robert Holmes Swan purchased 8,600 shares of the company’s stock in a transaction on Friday, April 4th. The stock was acquired at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the transaction, the director now directly owns 31,983 shares in the company, valued at $1,869,726.18. This trade represents a 36.78% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.10% of the stock is 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.