West Family Investments Inc. Boosts Stock Position in NIKE, Inc. (NYSE:NKE)

West Family Investments Inc. lifted its position in NIKE, Inc. (NYSE:NKE) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,816 shares of the footwear maker’s stock after buying an additional 118 shares during the quarter. West Family Investments Inc.’s holdings in NIKE were worth $306,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. increased its holdings in NIKE by 6.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 525,017 shares of the footwear maker’s stock worth $50,202,000 after purchasing an additional 33,458 shares during the period. Simon Quick Advisors LLC purchased a new stake in NIKE during the 3rd quarter worth about $227,000. Stratos Wealth Partners LTD. increased its holdings in NIKE by 7.0% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 35,394 shares of the footwear maker’s stock worth $3,384,000 after purchasing an additional 2,330 shares during the period. Stratos Wealth Advisors LLC increased its holdings in NIKE by 18.5% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 12,478 shares of the footwear maker’s stock worth $1,193,000 after purchasing an additional 1,946 shares during the period. Finally, Stonegate Investment Group LLC increased its holdings in NIKE by 6.9% during the 3rd quarter. Stonegate Investment Group LLC now owns 12,008 shares of the footwear maker’s stock worth $1,148,000 after purchasing an additional 778 shares during the period. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Price Performance

NYSE NKE traded up $1.50 during mid-day trading on Thursday, hitting $91.84. The stock had a trading volume of 3,117,115 shares, compared to its average volume of 9,270,468. NIKE, Inc. has a 52-week low of $88.66 and a 52-week high of $128.38. The company has a market cap of $138.62 billion, a price-to-earnings ratio of 26.91, a P/E/G ratio of 1.78 and a beta of 1.07. The company has a 50 day simple moving average of $96.25 and a 200 day simple moving average of $103.19. 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 (NYSE:NKE) last released its quarterly earnings data 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 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 the consensus estimate of $12.28 billion. Equities analysts forecast that NIKE, Inc. will post 3.73 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.61%. The ex-dividend date was Friday, March 1st. NIKE’s payout ratio is 43.53%.

Analysts Set New Price Targets

Several brokerages have weighed in on NKE. Wedbush restated an “outperform” rating and set a $115.00 price target on shares of NIKE in a report on Tuesday. Citigroup cut 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. 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. The Goldman Sachs Group dropped their price objective on NIKE from $135.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Finally, UBS Group dropped their price objective on NIKE from $138.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus 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.