K.J. Harrison & Partners Inc Takes $3.35 Million Position in NIKE, Inc. (NYSE:NKE)

K.J. Harrison & Partners Inc acquired a new stake in shares of NIKE, Inc. (NYSE:NKE) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 30,832 shares of the footwear maker’s stock, valued at approximately $3,347,000.

A number of other institutional investors and hedge funds have also bought and sold shares of NKE. Excalibur Management Corp grew its stake in 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 buying an additional 98 shares during the last quarter. Baxter Bros Inc. increased its holdings in shares of NIKE by 2.0% during the third quarter. Baxter Bros Inc. now owns 5,045 shares of the footwear maker’s stock valued at $482,000 after acquiring an additional 100 shares in the last quarter. First Pacific Financial increased its holdings in shares of NIKE by 1.3% during the third quarter. First Pacific Financial now owns 8,098 shares of the footwear maker’s stock valued at $774,000 after acquiring an additional 100 shares in the last quarter. Jeppson Wealth Management LLC boosted its stake in NIKE by 4.5% in 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. Finally, Cairn Investment Group Inc. grew its position in 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 during the last quarter. 64.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Stifel Nicolaus decreased their price target on shares of NIKE from $129.00 to $117.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Wells Fargo & Company cut their price target on NIKE from $125.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. Wedbush reaffirmed an “outperform” rating and issued a $115.00 price target on shares of NIKE in a report on Wednesday, March 27th. Morgan Stanley dropped their price objective on NIKE from $124.00 to $116.00 and set an “overweight” rating on the stock in a report on Wednesday, March 27th. Finally, Bank of America raised NIKE from a “neutral” rating to a “buy” rating and upped their target price for the stock from $110.00 to $113.00 in a research note on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, NIKE has a consensus rating of “Moderate Buy” and a consensus price target of $116.26.

NIKE Trading Up 0.2 %

NYSE:NKE traded up $0.17 on Friday, reaching $94.11. The company’s stock had a trading volume of 6,115,249 shares, compared to its average volume of 9,429,240. The firm has a market cap of $142.05 billion, a price-to-earnings ratio of 27.68, a price-to-earnings-growth ratio of 1.83 and a beta of 1.08. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63. NIKE, Inc. has a 12-month low of $88.66 and a 12-month high of $128.68. The stock has a 50 day moving average price of $96.96 and a 200 day moving average price of $103.30.

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

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.57%. NIKE’s payout ratio is currently 43.53%.

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.