Breed s Hill Capital LLC Acquires Shares of 6,053 NIKE, Inc. (NYSE:NKE)

Breed s Hill Capital LLC purchased a new position in shares of NIKE, Inc. (NYSE:NKE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,053 shares of the footwear maker’s stock, valued at approximately $657,000. NIKE comprises approximately 0.6% of Breed s Hill Capital LLC’s holdings, making the stock its 29th biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealthspire Advisors LLC raised its position in NIKE by 5.4% in the fourth quarter. Wealthspire Advisors LLC now owns 17,287 shares of the footwear maker’s stock worth $1,877,000 after acquiring an additional 889 shares in the last quarter. Catalyst Financial Partners LLC lifted its holdings in NIKE by 39.0% in the 4th quarter. Catalyst Financial Partners LLC now owns 4,465 shares of the footwear maker’s stock valued at $485,000 after purchasing an additional 1,253 shares in the last quarter. Pioneer Trust Bank N A OR grew its holdings in shares of NIKE by 3.2% during the fourth quarter. Pioneer Trust Bank N A OR now owns 80,376 shares of the footwear maker’s stock worth $8,726,000 after buying an additional 2,477 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its position in NIKE by 29.7% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 7,306 shares of the footwear maker’s stock worth $793,000 after acquiring an additional 1,672 shares during the last quarter. Finally, National Pension Service grew its position in shares of NIKE by 2.0% in the fourth quarter. National Pension Service now owns 2,047,220 shares of the footwear maker’s stock valued at $222,267,000 after purchasing an additional 40,366 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Williams Trading restated a “sell” rating and set a $85.00 price objective (down from $92.00) on shares of NIKE in a report on Monday, March 18th. Robert W. Baird dropped their price target on shares of NIKE from $140.00 to $125.00 and set an “outperform” rating for the company in a research note on Friday, March 22nd. The Goldman Sachs Group dropped their target price on shares of NIKE from $135.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. 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 report on Monday, March 18th. Finally, Sanford C. Bernstein lowered their price target on NIKE from $134.00 to $120.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $116.26.

Insider Activity

In other NIKE news, EVP Monique S. Matheson sold 45,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $94.16, for a total transaction of $4,237,200.00. Following the transaction, the executive vice president now owns 44,997 shares in the company, valued at $4,236,917.52. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.50% of the company’s stock.

NIKE Price Performance

NYSE:NKE traded down $0.20 on Thursday, reaching $93.39. The stock had a trading volume of 6,429,058 shares, compared to its average volume of 9,151,133. The stock has a fifty day moving average price of $95.07 and a 200-day moving average price of $102.84. 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, Inc. has a 1-year low of $88.66 and a 1-year high of $126.46. The company has a market capitalization of $140.96 billion, a P/E ratio of 27.47, a price-to-earnings-growth ratio of 1.78 and a beta of 1.07.

NIKE (NYSE:NKE) last posted its quarterly earnings data 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. NIKE had a return on equity of 39.41% and a net margin of 10.14%. The firm had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $12.28 billion. Research analysts forecast that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be given a dividend of $0.37 per share. The ex-dividend date is Monday, June 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.58%. NIKE’s payout ratio is presently 43.53%.

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.