Hamilton Point Investment Advisors LLC Buys 459 Shares of NIKE, Inc. (NYSE:NKE)

Hamilton Point Investment Advisors LLC increased its stake in NIKE, Inc. (NYSE:NKE) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,829 shares of the footwear maker’s stock after buying an additional 459 shares during the quarter. NIKE comprises approximately 1.2% of Hamilton Point Investment Advisors LLC’s holdings, making the stock its 29th largest holding. Hamilton Point Investment Advisors LLC’s holdings in NIKE were worth $6,191,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Oliver Luxxe Assets LLC lifted its position in NIKE by 2.9% in the third quarter. Oliver Luxxe Assets LLC now owns 37,510 shares of the footwear maker’s stock worth $3,587,000 after buying an additional 1,041 shares during 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. lifted its position in shares of NIKE by 2,332.5% during the third quarter. Financial Gravity Asset Management Inc. now owns 184,042 shares of the footwear maker’s stock worth $17,598,000 after purchasing an additional 176,476 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of NIKE by 10,184.3% during the fourth quarter. International Assets Investment Management LLC now owns 388,131 shares of the footwear maker’s stock worth $42,139,000 after purchasing an additional 384,357 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC lifted its position in shares of NIKE by 55.6% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 194,164 shares of the footwear maker’s stock worth $21,080,000 after purchasing an additional 69,363 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors.

NIKE Stock Performance

NYSE NKE traded up $1.11 during trading hours on Monday, reaching $93.11. The stock had a trading volume of 11,594,945 shares, compared to its average volume of 9,565,894. The stock has a fifty day moving average of $98.96 and a 200 day moving average of $103.47. The stock has a market cap of $140.54 billion, a P/E ratio of 27.06, a price-to-earnings-growth ratio of 1.79 and a beta of 1.09. NIKE, Inc. has a 52-week low of $88.66 and a 52-week high of $128.68. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, topping 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 business had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.28 billion. Sell-side analysts predict that NIKE, Inc. will post 3.7 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were given a $0.37 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.48 annualized dividend and a yield of 1.59%. NIKE’s dividend payout ratio is presently 43.53%.

Analysts Set New Price Targets

Several research firms have recently weighed in on NKE. Stifel Nicolaus decreased their target price on NIKE from $129.00 to $117.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Wedbush reiterated an “outperform” rating and set a $115.00 target price on shares of NIKE in a research report on Wednesday, March 27th. Telsey Advisory Group cut their price target on NIKE from $140.00 to $120.00 and set an “outperform” rating on the stock in a research note on Monday, March 18th. Jefferies Financial Group cut their price target on NIKE from $110.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, March 22nd. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $100.00 price target (down previously from $110.00) on shares of NIKE in a research note on Friday, March 22nd. 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $116.26.

NIKE Company 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.