NIKE, Inc. (NYSE:NKE) Shares Purchased by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC grew its stake in shares of NIKE, Inc. (NYSE:NKE) by 12.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,753 shares of the footwear maker’s stock after acquiring an additional 620 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in NIKE were worth $626,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. FMR LLC boosted its stake in NIKE by 0.7% in the 3rd quarter. FMR LLC now owns 18,502,409 shares of the footwear maker’s stock worth $1,769,200,000 after purchasing an additional 125,746 shares during the period. Northern Trust Corp boosted its position in shares of NIKE by 4.5% in the third quarter. Northern Trust Corp now owns 15,557,676 shares of the footwear maker’s stock worth $1,487,625,000 after buying an additional 674,198 shares during the period. Fisher Asset Management LLC grew its holdings in shares of NIKE by 2.3% during the fourth quarter. Fisher Asset Management LLC now owns 9,887,769 shares of the footwear maker’s stock valued at $1,073,515,000 after buying an additional 219,091 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in NIKE by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,200,932 shares of the footwear maker’s stock valued at $766,829,000 after buying an additional 89,947 shares during the period. Finally, Newport Trust Company LLC purchased a new stake in NIKE in the 3rd quarter worth about $679,775,000. 64.25% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on NKE shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $100.00 target price (down previously from $110.00) on shares of NIKE in a report on Friday, March 22nd. TheStreet lowered shares of NIKE from a “b” rating to a “c+” rating in a research note on Tuesday, January 9th. Jefferies Financial Group lowered their price target on shares of NIKE from $110.00 to $100.00 and set a “hold” rating on the stock in a report on Friday, March 22nd. Oppenheimer cut NIKE from an “outperform” rating to a “market perform” rating and set a $110.00 price objective for the company. in a research report on Friday, February 16th. Finally, Barclays dropped their target price on NIKE from $142.00 to $114.00 and set an “overweight” rating on the stock in a research report on Monday, March 25th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, NIKE currently has a consensus rating of “Moderate Buy” and an average price target of $116.26.

NIKE Stock Performance

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

NIKE (NYSE:NKE) last released 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 business had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $12.28 billion. Equities analysts forecast that NIKE, Inc. will post 3.73 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be given a $0.37 dividend. The ex-dividend date is Monday, June 3rd. This represents a $1.48 annualized dividend and a yield of 1.58%. NIKE’s dividend payout ratio (DPR) 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.