EP Wealth Advisors LLC Acquires 11,889 Shares of NIKE, Inc. (NYSE:NKE)

EP Wealth Advisors LLC increased its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 3.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 407,012 shares of the footwear maker's stock after purchasing an additional 11,889 shares during the period. EP Wealth Advisors LLC's holdings in NIKE were worth $30,799,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NKE. Doliver Advisors LP acquired a new position in shares of NIKE during the fourth quarter valued at about $252,000. Range Financial Group LLC bought a new stake in shares of NIKE in the 4th quarter worth approximately $642,000. International Assets Investment Management LLC acquired a new stake in shares of NIKE during the 4th quarter worth approximately $512,000. Watts Gwilliam & Co. LLC bought a new stake in shares of NIKE during the fourth quarter valued at approximately $326,000. Finally, Fortitude Family Office LLC raised its stake in shares of NIKE by 6.1% in the fourth quarter. Fortitude Family Office LLC now owns 2,988 shares of the footwear maker's stock valued at $226,000 after purchasing an additional 171 shares in the last quarter. Institutional investors own 64.25% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Morgan Stanley lowered their price target on shares of NIKE from $72.00 to $70.00 and set an "equal weight" rating on the stock in a report on Friday, March 21st. Citigroup dropped their price target on shares of NIKE from $72.00 to $57.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Needham & Company LLC decreased their price objective on NIKE from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Royal Bank of Canada cut their target price on NIKE from $67.00 to $66.00 and set a "sector perform" rating for the company in a research report on Friday, March 21st. Finally, Stifel Nicolaus lowered their price target on NIKE from $75.00 to $64.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Seventeen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, NIKE presently has an average rating of "Moderate Buy" and an average target price of $80.48.

Insider Transactions at NIKE

In related news, Chairman Mark G. Parker sold 169,732 shares of the firm's stock in a transaction 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 in the company, valued at $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert Holmes Swan acquired 8,600 shares of the business's stock in a transaction that occurred on Friday, April 4th. The stock was bought at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the transaction, the director now directly owns 31,983 shares in the company, valued at $1,869,726.18. This represents a 36.78 % increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by insiders.

NIKE Trading Down 1.0 %

Shares of NYSE:NKE traded down $0.56 during mid-day trading on Friday, reaching $58.35. The stock had a trading volume of 13,927,237 shares, compared to its average volume of 14,709,636. The firm has a 50 day simple moving average of $62.52 and a two-hundred day simple moving average of $71.25. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $98.04. The firm has a market cap of $86.31 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly 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 company had revenue of $11.27 billion for the quarter, compared to analysts' expectations of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The business's quarterly revenue was down 9.1% compared to the same quarter last year. During the same period last year, the firm posted $0.98 earnings per share. On average, research analysts predict that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be issued a $0.40 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.74%. NIKE's dividend payout ratio (DPR) is currently 53.16%.

NIKE 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.