Benjamin F. Edwards & Company Inc. Boosts Position in NIKE, Inc. (NYSE:NKE)

Benjamin F. Edwards & Company Inc. boosted its holdings in NIKE, Inc. (NYSE:NKE) by 658.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 73,515 shares of the footwear maker’s stock after buying an additional 63,821 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in NIKE were worth $7,981,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Excalibur Management Corp raised its stake in shares of NIKE by 1.9% during the 3rd quarter. Excalibur Management Corp now owns 5,148 shares of the footwear maker’s stock worth $492,000 after purchasing an additional 98 shares in the last quarter. Jeppson Wealth Management LLC raised its stake in shares of NIKE by 4.5% during the 3rd quarter. Jeppson Wealth Management LLC now owns 2,315 shares of the footwear maker’s stock worth $221,000 after purchasing an additional 100 shares in the last quarter. Cairn Investment Group Inc. raised its stake in shares of NIKE by 4.2% during the 3rd quarter. Cairn Investment Group Inc. now owns 2,500 shares of the footwear maker’s stock worth $239,000 after purchasing an additional 100 shares in the last quarter. Tiemann Investment Advisors LLC raised its stake in shares of NIKE by 3.1% during the 3rd quarter. Tiemann Investment Advisors LLC now owns 3,340 shares of the footwear maker’s stock worth $319,000 after purchasing an additional 100 shares in the last quarter. Finally, Piscataqua Savings Bank raised its stake in shares of NIKE by 2.1% in the 4th quarter. Piscataqua Savings Bank now owns 4,861 shares of the footwear maker’s stock valued at $528,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Price Performance

NKE stock traded down $0.26 during trading on Friday, hitting $92.15. The company had a trading volume of 5,736,030 shares, compared to its average volume of 9,280,863. The company has a fifty day moving average price of $96.00 and a two-hundred day moving average price of $103.11. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. The company has a market cap of $139.09 billion, a P/E ratio of 27.10, a P/E/G ratio of 1.74 and a beta of 1.07. NIKE, Inc. has a fifty-two week low of $88.66 and a fifty-two week high of $127.69.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, beating the consensus estimate of $0.69 by $0.29. The business had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. Equities research analysts expect that NIKE, Inc. will post 3.73 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.61%. The ex-dividend date is Monday, June 3rd. NIKE’s dividend payout ratio is 43.53%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NKE. UBS Group cut their price objective on NIKE from $138.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Bank of America raised NIKE from a “neutral” rating to a “buy” rating and raised their price objective for the company from $110.00 to $113.00 in a research note on Thursday, April 11th. Oppenheimer downgraded NIKE from an “outperform” rating to a “market perform” rating and set a $110.00 price objective on the stock. in a research note on Friday, February 16th. Citigroup cut their price objective on NIKE from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, March 14th. Finally, Barclays cut their price objective on NIKE from $142.00 to $114.00 and set an “overweight” rating on the stock in a research note on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $116.26.

NIKE 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.