Fiduciary Group LLC Grows Stock Position in NIKE, Inc. (NYSE:NKE)

Fiduciary Group LLC lifted its position in NIKE, Inc. (NYSE:NKE) by 9.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,319 shares of the footwear maker’s stock after acquiring an additional 3,333 shares during the period. Fiduciary Group LLC’s holdings in NIKE were worth $4,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in NKE. Iron Horse Wealth Management LLC boosted its holdings in shares of NIKE by 120.7% during the 4th quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 140 shares during the last quarter. Planned Solutions Inc. purchased a new position in NIKE during the fourth quarter worth approximately $29,000. Mizuho Securities Co. Ltd. boosted its stake in NIKE by 100.0% during the fourth quarter. Mizuho Securities Co. Ltd. now owns 340 shares of the footwear maker’s stock worth $37,000 after buying an additional 170 shares during the last quarter. NewSquare Capital LLC grew its holdings in NIKE by 372.0% in the 4th quarter. NewSquare Capital LLC now owns 354 shares of the footwear maker’s stock valued at $38,000 after buying an additional 279 shares in the last quarter. Finally, Raleigh Capital Management Inc. increased its stake in shares of NIKE by 134.2% in the 3rd quarter. Raleigh Capital Management Inc. now owns 377 shares of the footwear maker’s stock worth $36,000 after acquiring an additional 216 shares during the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NKE shares. HSBC lowered their price target on shares of NIKE from $120.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, January 22nd. Stifel Nicolaus dropped their price target on shares of NIKE from $129.00 to $117.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Sanford C. Bernstein reduced their price target on shares of NIKE from $134.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. UBS Group lowered 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, Telsey Advisory Group reduced their target price on NIKE from $140.00 to $120.00 and set an “outperform” rating on the stock in a research report on Monday, March 18th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $116.26.

NIKE Stock Up 0.2 %

NKE stock traded up $0.18 during mid-day trading on Friday, reaching $94.12. The company had a trading volume of 6,115,744 shares, compared to its average volume of 9,124,711. NIKE, Inc. has a fifty-two week low of $88.66 and a fifty-two week high of $128.68. The company has a market capitalization of $142.06 billion, a price-to-earnings ratio of 27.68, a price-to-earnings-growth ratio of 1.82 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74. The firm has a fifty day simple moving average of $96.96 and a 200 day simple moving average of $103.34.

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

NIKE Dividend Announcement

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