Arlington Financial Advisors LLC Buys 25,995 Shares of NIKE, Inc. (NYSE:NKE)

Arlington Financial Advisors LLC raised its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 133.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 45,418 shares of the footwear maker's stock after acquiring an additional 25,995 shares during the period. Arlington Financial Advisors LLC's holdings in NIKE were worth $2,883,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in NIKE by 388.5% in the fourth quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker's stock valued at $15,316,000 after purchasing an additional 160,980 shares during the period. Caprock Group LLC boosted its holdings in NIKE by 21.5% in the fourth quarter. Caprock Group LLC now owns 23,712 shares of the footwear maker's stock valued at $1,803,000 after acquiring an additional 4,191 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in NIKE in the fourth quarter valued at $28,000. Clear Creek Financial Management LLC acquired a new position in NIKE in the fourth quarter valued at $207,000. Finally, China Universal Asset Management Co. Ltd. boosted its holdings in NIKE by 111.9% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 18,354 shares of the footwear maker's stock valued at $1,398,000 after acquiring an additional 9,691 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company's stock.

NIKE Stock Up 1.3%

Shares of NYSE NKE traded up $0.82 during trading hours on Tuesday, hitting $62.39. The company had a trading volume of 10,262,316 shares, compared to its average volume of 15,039,577. The firm's 50 day moving average is $59.00 and its 200-day moving average is $69.48. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $98.04. The stock has a market capitalization of $92.28 billion, a P/E ratio of 19.26, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23. The company has a quick ratio of 1.51, a current ratio of 2.22 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 (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 business had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. During the same quarter last year, the firm posted $0.98 EPS. The company's quarterly revenue was down 9.1% on a year-over-year basis. On average, analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Monday, June 2nd. NIKE's dividend payout ratio (DPR) is currently 53.16%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Berenberg Bank initiated coverage on shares of NIKE in a research report on Tuesday, April 15th. They issued a "hold" rating and a $58.00 price objective for the company. Dbs Bank upgraded shares of NIKE from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. UBS Group decreased their target price on shares of NIKE from $73.00 to $66.00 and set a "neutral" rating for the company in a research note on Friday, March 21st. JPMorgan Chase & Co. decreased their target price on shares of NIKE from $64.00 to $56.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Finally, Royal Bank of Canada reduced their target price on shares of NIKE from $66.00 to $65.00 and set a "sector perform" rating for the company in a research note on Tuesday, May 20th. Seventeen research 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $80.26.

Insider Transactions at NIKE

In other NIKE news, Director Robert Holmes Swan bought 8,600 shares of NIKE stock in a transaction on Friday, April 4th. The shares were purchased at an average cost of $58.46 per share, with a total value of $502,756.00. Following the acquisition, the director now directly owns 31,983 shares of the company's stock, 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 Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by insiders.

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.