NIKE, Inc. (NYSE:NKE) Shares Purchased by Choreo LLC

Choreo LLC increased its position in shares of NIKE, Inc. (NYSE:NKE) by 85.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,072 shares of the footwear maker’s stock after purchasing an additional 6,962 shares during the period. Choreo LLC’s holdings in NIKE were worth $1,640,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Montag & Caldwell LLC increased its position in NIKE by 8.7% during the fourth quarter. Montag & Caldwell LLC now owns 93,578 shares of the footwear maker’s stock worth $10,160,000 after purchasing an additional 7,486 shares during the last quarter. Mather Group LLC. increased its position in shares of NIKE by 16.8% during the fourth quarter. Mather Group LLC. now owns 13,071 shares of the footwear maker’s stock valued at $1,419,000 after acquiring an additional 1,877 shares during the last quarter. Blue Chip Partners LLC increased its position in shares of NIKE by 15.3% during the fourth quarter. Blue Chip Partners LLC now owns 1,601 shares of the footwear maker’s stock valued at $174,000 after acquiring an additional 212 shares during the last quarter. Marco Investment Management LLC acquired a new stake in shares of NIKE during the fourth quarter valued at about $209,000. Finally, Silver Oak Securities Incorporated increased its position in shares of NIKE by 41.1% during the fourth quarter. Silver Oak Securities Incorporated now owns 2,642 shares of the footwear maker’s stock valued at $287,000 after acquiring an additional 770 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Price Performance

NIKE stock opened at $92.26 on Wednesday. NIKE, Inc. has a 52 week low of $88.66 and a 52 week high of $128.68. 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 firm’s 50-day simple moving average is $96.55 and its 200 day simple moving average is $103.28. The firm has a market capitalization of $139.25 billion, a PE ratio of 27.14, a P/E/G ratio of 1.81 and a beta of 1.08.

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 net margin of 10.14% and a return on equity of 39.41%. The business had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.28 billion. On average, equities research analysts predict that NIKE, Inc. will post 3.73 EPS for the current fiscal year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.48 annualized dividend and a dividend yield of 1.60%. NIKE’s dividend payout ratio is presently 43.53%.

Analyst Ratings Changes

A number of brokerages have weighed in on NKE. Williams Trading reiterated a “sell” rating and set a $85.00 price target (down from $92.00) on shares of NIKE in a research report on Monday, March 18th. TheStreet cut shares of NIKE from a “b” rating to a “c+” rating in a research report on Tuesday, January 9th. Sanford C. Bernstein dropped their price target on shares of NIKE from $134.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. Royal Bank of Canada reiterated a “sector perform” rating and set a $100.00 price target (down from $110.00) on shares of NIKE in a research report on Friday, March 22nd. Finally, Jefferies Financial Group dropped their price target on shares of NIKE from $110.00 to $100.00 and set a “hold” rating for the company in a research 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 stock. Based on data from MarketBeat.com, NIKE presently has a consensus rating of “Moderate Buy” and a consensus 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.