Cypress Advisory Group LLC Takes $969,000 Position in NIKE, Inc. (NYSE:NKE)

Cypress Advisory Group LLC bought a new position in shares of NIKE, Inc. (NYSE:NKE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 12,804 shares of the footwear maker's stock, valued at approximately $969,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Heck Capital Advisors LLC bought a new stake in shares of NIKE during the fourth quarter worth approximately $28,000. Caitlin John LLC boosted its stake in NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock valued at $28,000 after purchasing an additional 200 shares during the period. Roxbury Financial LLC bought a new stake in NIKE in the 4th quarter valued at $30,000. LFA Lugano Financial Advisors SA grew its holdings in NIKE by 110.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock valued at $30,000 after buying an additional 210 shares in the last quarter. Finally, Hopwood Financial Services Inc. bought a new position in NIKE during the 4th quarter worth $30,000. Institutional investors own 64.25% of the company's stock.

NIKE Stock Performance

Shares of NKE stock opened at $56.46 on Thursday. The firm has a market capitalization of $83.51 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 2.52 and a beta of 1.15. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The business's 50-day moving average price is $65.57 and its 200-day moving average price is $72.49. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $98.04.

NIKE (NYSE:NKE - Get Free Report) last posted its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.26. The firm had revenue of $11.27 billion for the quarter, compared to analyst estimates of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company's revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 EPS. Equities research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend was Monday, March 3rd. NIKE's payout ratio is presently 53.16%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NKE. Needham & Company LLC reduced their target price on shares of NIKE from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Monday, March 17th. JPMorgan Chase & Co. cut their price objective on shares of NIKE from $73.00 to $64.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Telsey Advisory Group reaffirmed a "market perform" rating and set a $80.00 target price on shares of NIKE in a report on Monday, March 17th. Morgan Stanley cut their price target on NIKE from $72.00 to $70.00 and set an "equal weight" rating for the company in a research note on Friday, March 21st. Finally, Dbs Bank raised NIKE from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Seventeen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $81.15.

Insider Buying and Selling at NIKE

In related news, Director Robert Holmes Swan bought 8,600 shares of NIKE stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the acquisition, the director now directly owns 31,983 shares of the company's stock, valued at approximately $1,869,726.18. The trade was a 36.78 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the sale, the chairman now directly owns 896,632 shares of the company's stock, valued at $65,301,708.56. This represents a 15.92 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

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.

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