Heritage Investors Management Corp Grows Position in NIKE, Inc. (NYSE:NKE)

Heritage Investors Management Corp increased its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 5.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 374,526 shares of the footwear maker's stock after purchasing an additional 18,439 shares during the quarter. Heritage Investors Management Corp's holdings in NIKE were worth $23,775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of NKE. Heck Capital Advisors LLC bought a new position in NIKE in the fourth quarter worth about $28,000. EnRich Financial Partners LLC grew its holdings in shares of NIKE by 196.4% during the 4th quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock worth $31,000 after acquiring an additional 273 shares during the period. Roxbury Financial LLC grew its holdings in shares of NIKE by 52.1% during the 1st quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker's stock worth $37,000 after acquiring an additional 201 shares during the period. Ritter Daniher Financial Advisory LLC DE raised its position in shares of NIKE by 95.1% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 513 shares of the footwear maker's stock worth $39,000 after acquiring an additional 250 shares in the last quarter. Finally, Putney Financial Group LLC purchased a new position in shares of NIKE in the 4th quarter valued at approximately $40,000. Hedge funds and other institutional investors own 64.25% of the company's stock.

NIKE Stock Performance

Shares of NKE traded down $0.48 during mid-day trading on Friday, hitting $72.50. 8,792,733 shares of the company traded hands, compared to its average volume of 15,110,180. The stock has a market cap of $107.24 billion, a price-to-earnings ratio of 33.56, a P/E/G ratio of 2.66 and a beta of 1.25. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.50 and a current ratio of 2.21. The stock has a 50-day moving average price of $65.49 and a two-hundred day moving average price of $67.21. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $90.62.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. The company had revenue of $11.10 billion during 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 previous year, the company posted $0.99 earnings per share. Equities analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Monday, June 2nd. NIKE's payout ratio is currently 74.07%.

Insider Buying and Selling at NIKE

In related news, Chairman Mark G. Parker sold 110,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $72.29, for a total value of $7,951,900.00. Following the transaction, the chairman owned 842,361 shares of the company's stock, valued at approximately $60,894,276.69. This trade represents a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on NKE shares. JPMorgan Chase & Co. raised their price objective on NIKE from $56.00 to $64.00 and gave the company a "neutral" rating in a research report on Friday, June 27th. Jefferies Financial Group reissued a "buy" rating on shares of NIKE in a research report on Friday, May 23rd. DZ Bank lowered shares of NIKE from a "buy" rating to a "hold" rating and set a $76.00 price objective on the stock. in a research note on Thursday, July 10th. Morgan Stanley upped their price objective on shares of NIKE from $61.00 to $64.00 and gave the stock an "equal weight" rating in a report on Friday, June 27th. Finally, HSBC upgraded shares of NIKE from a "hold" rating to a "buy" rating and set a $80.00 target price for the company in a report on Friday, June 27th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $77.15.

About NIKE

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.