2,778 Shares in NIKE, Inc. (NYSE:NKE) Purchased by Everpar Advisors LLC

Everpar Advisors LLC acquired a new position in shares of NIKE, Inc. (NYSE:NKE) during the 4th quarter, Holdings Channel.com reports. The fund acquired 2,778 shares of the footwear maker’s stock, valued at approximately $302,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NKE. Oliver Luxxe Assets LLC increased its position in NIKE by 2.9% during the 3rd quarter. Oliver Luxxe Assets LLC now owns 37,510 shares of the footwear maker’s stock valued at $3,587,000 after buying an additional 1,041 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in NIKE in the fourth quarter worth $8,034,000. Financial Gravity Asset Management Inc. boosted its holdings in NIKE by 2,332.5% in the third quarter. Financial Gravity Asset Management Inc. now owns 184,042 shares of the footwear maker’s stock worth $17,598,000 after acquiring an additional 176,476 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in NIKE by 10,184.3% in the fourth quarter. International Assets Investment Management LLC now owns 388,131 shares of the footwear maker’s stock worth $42,139,000 after acquiring an additional 384,357 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC boosted its holdings in NIKE by 55.6% in the fourth quarter. Franklin Street Advisors Inc. NC now owns 194,164 shares of the footwear maker’s stock worth $21,080,000 after acquiring an additional 69,363 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on NKE shares. Citigroup lowered their price target on NIKE from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, March 14th. Royal Bank of Canada reiterated a “sector perform” rating and set a $100.00 price objective (down previously from $110.00) on shares of NIKE in a research report on Friday, March 22nd. Bank of America upgraded NIKE from a “neutral” rating to a “buy” rating and upped their price objective for the company from $110.00 to $113.00 in a research report on Thursday, April 11th. UBS Group reduced their price objective on NIKE from $138.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Finally, HSBC reduced their price objective on NIKE from $120.00 to $115.00 and set a “hold” rating for the company in a research report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $116.26.

Insider Activity at NIKE

In related news, EVP Monique S. Matheson sold 45,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $94.16, for a total transaction of $4,237,200.00. Following the completion of the transaction, the executive vice president now directly owns 44,997 shares of the company’s stock, valued at $4,236,917.52. The sale was disclosed in a filing with the SEC, which is available through this link. 0.50% of the stock is owned by corporate insiders.

NIKE Price Performance

Shares of NYSE NKE traded down $0.19 during mid-day trading on Wednesday, reaching $93.59. The company’s stock had a trading volume of 5,372,445 shares, compared to its average volume of 9,174,146. The firm has a market capitalization of $141.26 billion, a PE ratio of 27.53, a P/E/G ratio of 1.78 and a beta of 1.07. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89. The stock has a fifty day moving average of $95.28 and a two-hundred day moving average of $102.91. NIKE, Inc. has a 52 week low of $88.66 and a 52 week high of $126.46.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. NIKE had a return on equity of 39.41% and a net margin of 10.14%. The firm had revenue of $12.43 billion during the quarter, compared to analyst estimates of $12.28 billion. As a group, sell-side analysts anticipate that NIKE, Inc. will post 3.73 EPS for the current fiscal year.

NIKE Dividend Announcement

The company 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 dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Monday, June 3rd. NIKE’s payout ratio is presently 43.53%.

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.