Private Advisor Group LLC Buys 3,374 Shares of NIKE, Inc. (NYSE:NKE)

Private Advisor Group LLC increased its stake in shares of NIKE, Inc. (NYSE:NKE) by 5.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,176 shares of the footwear maker’s stock after acquiring an additional 3,374 shares during the quarter. Private Advisor Group LLC’s holdings in NIKE were worth $6,533,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Iron Horse Wealth Management LLC increased its position in NIKE by 120.7% during the fourth quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock worth $28,000 after acquiring an additional 140 shares during the period. Planned Solutions Inc. bought a new stake in NIKE in the 4th quarter valued at $29,000. Mizuho Securities Co. Ltd. increased its holdings in NIKE by 100.0% in the 4th quarter. Mizuho Securities Co. Ltd. now owns 340 shares of the footwear maker’s stock valued at $37,000 after buying an additional 170 shares during the period. NewSquare Capital LLC increased its holdings in NIKE by 372.0% in the 4th quarter. NewSquare Capital LLC now owns 354 shares of the footwear maker’s stock valued at $38,000 after buying an additional 279 shares during the period. Finally, Raleigh Capital Management Inc. increased its holdings in NIKE by 134.2% in the 3rd quarter. Raleigh Capital Management Inc. now owns 377 shares of the footwear maker’s stock valued at $36,000 after buying an additional 216 shares during the period. Institutional investors own 64.25% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on NKE shares. Williams Trading reissued a “sell” rating and issued a $85.00 price target (down previously from $92.00) on shares of NIKE in a report on Monday, March 18th. Oppenheimer lowered shares of NIKE from an “outperform” rating to a “market perform” rating and set a $110.00 price target on the stock. in a report on Friday, February 16th. UBS Group lowered their price target on shares of NIKE from $138.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Citigroup reduced their target price on shares of NIKE from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, March 14th. Finally, Morgan Stanley reduced their target price on shares of NIKE from $124.00 to $116.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 27th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, NIKE currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.26.

NIKE Trading Down 0.8 %

Shares of NKE stock traded down $0.72 on Wednesday, reaching $93.06. The company had a trading volume of 773,158 shares, compared to its average volume of 9,130,506. The company has a 50-day moving average of $95.28 and a 200-day moving average of $102.91. NIKE, Inc. has a 12 month low of $88.66 and a 12 month high of $126.46. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. The stock has a market cap of $140.46 billion, a PE ratio of 27.53, a PEG ratio of 1.78 and a beta of 1.07.

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 analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $12.28 billion. On average, equities analysts forecast that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.48 annualized dividend and a dividend yield of 1.59%. NIKE’s dividend payout ratio is currently 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.