Gould Capital LLC Acquires 39,519 Shares of NIKE, Inc. (NYSE:NKE)

Gould Capital LLC increased its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 4,671.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,365 shares of the footwear maker's stock after acquiring an additional 39,519 shares during the quarter. NIKE comprises approximately 2.1% of Gould Capital LLC's investment portfolio, making the stock its 14th biggest holding. Gould Capital LLC's holdings in NIKE were worth $3,054,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Putney Financial Group LLC acquired a new stake in shares of NIKE during the fourth quarter worth about $40,000. Perennial Advisors LLC bought a new position in NIKE in the fourth quarter valued at approximately $1,585,000. Mackenzie Financial Corp boosted its holdings in shares of NIKE by 75.1% in the fourth quarter. Mackenzie Financial Corp now owns 539,650 shares of the footwear maker's stock valued at $40,835,000 after buying an additional 231,417 shares during the period. Forum Financial Management LP increased its position in shares of NIKE by 14.1% during the fourth quarter. Forum Financial Management LP now owns 6,431 shares of the footwear maker's stock worth $487,000 after acquiring an additional 795 shares in the last quarter. Finally, Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. acquired a new stake in shares of NIKE during the fourth quarter worth $924,000. Institutional investors and hedge funds own 64.25% of the company's stock.

Insiders Place Their Bets

In related news, Director Robert Holmes Swan purchased 8,600 shares of the stock in a transaction dated 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 acquisition, the director now owns 31,983 shares of the company's stock, valued at approximately $1,869,726.18. This represents a 36.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.10% of the company's stock.

NIKE Price Performance

Shares of NYSE:NKE traded down $0.89 during midday trading on Friday, hitting $60.55. The stock had a trading volume of 6,082,942 shares, compared to its average volume of 17,405,072. The company's 50-day moving average price is $59.20 and its 200-day moving average price is $69.78. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $98.04. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $89.56 billion, a P/E ratio of 18.68, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23.

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

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be given a dividend of $0.40 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.64%. NIKE's dividend payout ratio is currently 53.16%.

Analyst Ratings Changes

A number of research firms have issued reports on NKE. Citigroup lowered their target price on NIKE from $72.00 to $57.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Morgan Stanley cut their target price on NIKE from $72.00 to $70.00 and set an "equal weight" rating on the stock in a research note on Friday, March 21st. Williams Trading decreased their price target on shares of NIKE from $93.00 to $73.00 and set a "buy" rating for the company in a research note on Monday, April 21st. BMO Capital Markets cut their price objective on shares of NIKE from $95.00 to $92.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Finally, Bank of America decreased their price objective on NIKE from $90.00 to $80.00 and set a "buy" rating for the company in a report on Friday, April 25th. Seventeen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $80.26.

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.