Wealthcare Advisory Partners LLC Boosts Stock Holdings in NIKE, Inc. (NYSE:NKE)

Wealthcare Advisory Partners LLC boosted its position in shares of NIKE, Inc. (NYSE:NKE) by 6.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 15,727 shares of the footwear maker’s stock after buying an additional 958 shares during the period. Wealthcare Advisory Partners LLC’s holdings in NIKE were worth $1,707,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Newport Trust Company LLC acquired a new position in NIKE in the third quarter valued at approximately $679,775,000. Flossbach Von Storch AG increased its holdings in NIKE by 433.5% in the third quarter. Flossbach Von Storch AG now owns 4,128,587 shares of the footwear maker’s stock valued at $394,775,000 after buying an additional 3,354,677 shares during the last quarter. Van ECK Associates Corp increased its holdings in NIKE by 117.0% in the third quarter. Van ECK Associates Corp now owns 2,986,441 shares of the footwear maker’s stock valued at $285,564,000 after buying an additional 1,610,273 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of NIKE by 37.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,791,531 shares of the footwear maker’s stock worth $553,786,000 after purchasing an additional 1,583,541 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of NIKE during the third quarter worth about $97,724,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NKE has been the topic of several research reports. Oppenheimer lowered NIKE from an “outperform” rating to a “market perform” rating and set a $110.00 price objective on the stock. in a report on Friday, February 16th. Williams Trading reiterated a “sell” rating and set a $85.00 target price (down previously from $92.00) on shares of NIKE in a research note on Monday, March 18th. The Goldman Sachs Group decreased their target price on shares of NIKE from $135.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Wells Fargo & Company dropped their target price on shares of NIKE from $125.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, March 22nd. Finally, Bank of America raised shares of NIKE from a “neutral” rating to a “buy” rating and increased their target price for the company from $110.00 to $113.00 in a report on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $116.26.

NIKE Stock Down 0.1 %

Shares of NYSE:NKE traded down $0.06 during trading hours on Tuesday, hitting $93.30. The company’s stock had a trading volume of 3,440,457 shares, compared to its average volume of 9,183,454. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89. The company has a market capitalization of $140.82 billion, a price-to-earnings ratio of 27.70, a P/E/G ratio of 1.78 and a beta of 1.07. The firm’s fifty day moving average price is $95.51 and its 200 day moving average price is $102.97. NIKE, Inc. has a 52 week low of $88.66 and a 52 week high of $127.69.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.29. The business had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. As a group, research analysts expect that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Monday, June 3rd. NIKE’s dividend payout ratio (DPR) is 43.53%.

About NIKE

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.