4,027 Shares in NIKE, Inc. (NYSE:NKE) Purchased by Trueblood Wealth Management LLC

Trueblood Wealth Management LLC bought a new stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,027 shares of the footwear maker's stock, valued at approximately $256,000.

Several other large investors have also recently bought and sold shares of the stock. Heck Capital Advisors LLC acquired a new stake in shares of NIKE during the 4th quarter valued at $28,000. Roxbury Financial LLC acquired a new stake in shares of NIKE during the fourth quarter worth $30,000. LFA Lugano Financial Advisors SA lifted its holdings 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 purchasing an additional 210 shares during the last quarter. Hopwood Financial Services Inc. acquired a new position in shares of NIKE in the 4th quarter valued at $30,000. Finally, EnRich Financial Partners LLC boosted its position in shares of NIKE by 196.4% in the 4th quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock valued at $31,000 after purchasing an additional 273 shares during the period. Institutional investors and hedge funds own 64.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on NKE shares. Wells Fargo & Company upped their price objective on shares of NIKE from $55.00 to $60.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Royal Bank of Canada cut their price target on shares of NIKE from $66.00 to $65.00 and set a "sector perform" rating on the stock in a report on Tuesday, May 20th. JPMorgan Chase & Co. cut their price target on shares of NIKE from $64.00 to $56.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Citigroup cut their price target on shares of NIKE from $72.00 to $57.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Finally, Guggenheim restated a "buy" rating and set a $110.00 price target on shares of NIKE in a report on Wednesday, February 12th. Seventeen analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, NIKE currently has an average rating of "Moderate Buy" and an average target price of $80.26.

Insider Activity at NIKE

In other NIKE news, Director Robert Holmes Swan bought 8,600 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average price of $58.46 per share, with a total value of $502,756.00. Following the completion of the purchase, the director now directly owns 31,983 shares in the company, valued at $1,869,726.18. The trade was a 36.78% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.

NIKE Stock Performance

Shares of NKE traded down $0.30 during trading hours on Thursday, reaching $62.81. 9,823,572 shares of the company traded hands, compared to its average volume of 15,136,667. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The stock's fifty day moving average is $59.09 and its 200 day moving average is $68.97. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $98.04. The stock has a market cap of $92.90 billion, a P/E ratio of 19.39, a price-to-earnings-growth ratio of 2.52 and a beta of 1.21.

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

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Monday, June 2nd. NIKE's dividend payout ratio is 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.