NIKE, Inc. (NYSE:NKE) Stock Position Lifted by Klingenstein Fields & Co. LP

Klingenstein Fields & Co. LP lifted its holdings in NIKE, Inc. (NYSE:NKE) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 177,954 shares of the footwear maker’s stock after purchasing an additional 689 shares during the quarter. Klingenstein Fields & Co. LP’s holdings in NIKE were worth $13,466,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of NKE. Asset Planning Inc acquired a new stake in shares of NIKE in the fourth quarter valued at $56,000. V Square Quantitative Management LLC lifted its holdings in shares of NIKE by 7.7% in the fourth quarter. V Square Quantitative Management LLC now owns 29,183 shares of the footwear maker’s stock valued at $2,208,000 after buying an additional 2,077 shares during the period. CFC Planning Co LLC acquired a new stake in shares of NIKE in the fourth quarter valued at $3,913,000. Rooted Wealth Advisors Inc. acquired a new stake in shares of NIKE in the fourth quarter valued at $212,000. Finally, Catalyst Financial Partners LLC lifted its holdings in shares of NIKE by 12.5% in the fourth quarter. Catalyst Financial Partners LLC now owns 3,665 shares of the footwear maker’s stock valued at $277,000 after buying an additional 407 shares during the period. Institutional investors own 64.25% of the company’s stock.

NIKE Stock Performance

Shares of NYSE NKE opened at $73.25 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The firm has a market cap of $108.35 billion, a price-to-earnings ratio of 22.61, a P/E/G ratio of 2.34 and a beta of 1.01. The business’s 50-day simple moving average is $74.68 and its 200-day simple moving average is $78.04. NIKE, Inc. has a 52 week low of $68.62 and a 52 week high of $107.34.

NIKE (NYSE:NKE) last announced its 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. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The firm had revenue of $12.35 billion during the quarter, compared to the consensus estimate of $12.11 billion. During the same quarter in the prior year, the company earned $1.03 EPS. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. As a group, equities research analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.18%. NIKE’s payout ratio is 49.38%.

Insider Activity at NIKE

In other NIKE news, Director John W. Rogers, Jr. bought 2,500 shares of the firm’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 purchase, the director now directly owns 34,403 shares in the company, valued at $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Evercore ISI reduced their target price on NIKE from $105.00 to $97.00 and set an “outperform” rating for the company in a report on Monday, December 16th. UBS Group reaffirmed a “neutral” rating and set a $73.00 target price on shares of NIKE in a report on Thursday, December 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $84.00 target price on shares of NIKE in a report on Friday, February 7th. Guggenheim reissued a “buy” rating and set a $110.00 price target on shares of NIKE in a research report on Wednesday. Finally, DA Davidson raised NIKE to a “strong-buy” rating in a research report on Monday, December 23rd. Fifteen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, NIKE presently has a consensus rating of “Moderate Buy” and a consensus price target 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.