Planning Directions Inc. Takes $222,000 Position in NIKE, Inc. (NYSE:NKE)

Planning Directions Inc. bought a new stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,503 shares of the footwear maker's stock, valued at approximately $222,000.

A number of other large investors have also recently made changes to their positions in the stock. Heck Capital Advisors LLC purchased a new stake in NIKE in the fourth quarter worth about $28,000. LFA Lugano Financial Advisors SA lifted its position in shares of NIKE by 110.5% during the fourth 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 during the last quarter. Hopwood Financial Services Inc. acquired a new position in shares of NIKE during the fourth quarter valued at about $30,000. EnRich Financial Partners LLC increased its holdings in shares of NIKE by 196.4% during the fourth quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock valued at $31,000 after acquiring an additional 273 shares in the last quarter. Finally, Roxbury Financial LLC increased its holdings in shares of NIKE by 52.1% during the first quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker's stock valued at $37,000 after acquiring an additional 201 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Price Performance

NIKE stock traded down $2.34 during trading hours on Tuesday, hitting $74.19. The stock had a trading volume of 7,428,612 shares, compared to its average volume of 15,335,015. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 1.50. The stock has a market capitalization of $109.73 billion, a price-to-earnings ratio of 34.36, a PEG ratio of 2.77 and a beta of 1.25. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $90.62. The stock's fifty day moving average is $62.75 and its two-hundred day moving average is $67.35.

NIKE (NYSE:NKE - Get Free Report) last posted its earnings results on Thursday, June 26th. The footwear maker reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The company had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.69 billion. NIKE had a return on equity of 23.33% and a net margin of 6.95%. NIKE's revenue was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.99 earnings per share. As a group, analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd were given a $0.40 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.16%. NIKE's dividend payout ratio is currently 74.07%.

Analyst Ratings Changes

Several equities analysts recently weighed in on NKE shares. HSBC upgraded shares of NIKE from a "hold" rating to a "buy" rating and set a $80.00 price target on the stock in a report on Friday, June 27th. Wall Street Zen cut shares of NIKE from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. JPMorgan Chase & Co. increased their target price on NIKE from $56.00 to $64.00 and gave the company a "neutral" rating in a research report on Friday, June 27th. Hsbc Global Res upgraded NIKE from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Finally, Stifel Nicolaus cut their target price on NIKE from $75.00 to $64.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.19.

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.