NIKE, Inc. (NYSE:NKE) Shares Purchased by Kiley Juergens Wealth Management LLC

Kiley Juergens Wealth Management LLC grew its stake in shares of NIKE, Inc. (NYSE:NKE) by 19.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,073 shares of the footwear maker’s stock after purchasing an additional 2,418 shares during the quarter. Kiley Juergens Wealth Management LLC’s holdings in NIKE were worth $1,636,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NKE. Oliver Luxxe Assets LLC raised its stake in shares of NIKE by 2.9% during the 3rd 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 purchased a new stake in shares of NIKE during the 4th quarter worth about $8,034,000. Financial Gravity Asset Management Inc. boosted its holdings in NIKE by 2,332.5% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 184,042 shares of the footwear maker’s stock worth $17,598,000 after acquiring an additional 176,476 shares during the period. International Assets Investment Management LLC boosted its holdings in NIKE by 10,184.3% in the 4th quarter. International Assets Investment Management LLC now owns 388,131 shares of the footwear maker’s stock worth $42,139,000 after acquiring an additional 384,357 shares during the period. Finally, Franklin Street Advisors Inc. NC boosted its holdings in NIKE by 55.6% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 194,164 shares of the footwear maker’s stock worth $21,080,000 after acquiring an additional 69,363 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Trading Up 0.3 %

Shares of NYSE NKE traded up $0.28 during trading hours on Tuesday, hitting $93.38. The company’s stock had a trading volume of 10,385,549 shares, compared to its average volume of 9,577,090. 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 stock has a market cap of $140.94 billion, a price-to-earnings ratio of 27.34, a P/E/G ratio of 1.79 and a beta of 1.09. NIKE, Inc. has a 12 month low of $88.66 and a 12 month high of $128.68. The business has a 50-day simple moving average of $98.83 and a 200-day simple moving average of $103.49.

NIKE (NYSE:NKE) last posted its earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.29. The company had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. On average, analysts anticipate that NIKE, Inc. will post 3.7 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were paid a $0.37 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.48 annualized dividend and a dividend yield of 1.58%. NIKE’s payout ratio is presently 43.53%.

Wall Street Analyst Weigh In

NKE has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $100.00 target price (down from $110.00) on shares of NIKE in a research report on Friday, March 22nd. Barclays lowered their target price on NIKE from $142.00 to $114.00 and set an “overweight” rating on the stock in a report on Monday, March 25th. Williams Trading reaffirmed a “sell” rating and set a $85.00 target price (down from $92.00) on shares of NIKE in a report on Monday, March 18th. Deutsche Bank Aktiengesellschaft dropped their price target on NIKE from $132.00 to $128.00 and set a “buy” rating on the stock in a research note on Friday, December 22nd. Finally, JPMorgan Chase & Co. decreased their price objective on NIKE from $139.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, December 22nd. Two investment 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. According to data from MarketBeat, the company presently has a consensus 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.