NIKE, Inc. (NYSE:NKE) Stock Holdings Boosted by Laurel Wealth Advisors LLC

Laurel Wealth Advisors LLC lifted its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 21.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,544 shares of the footwear maker's stock after purchasing an additional 7,429 shares during the period. Laurel Wealth Advisors LLC's holdings in NIKE were worth $2,637,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NKE. Alhambra Investment Management LLC increased its holdings in NIKE by 23.1% during the 1st quarter. Alhambra Investment Management LLC now owns 5,973 shares of the footwear maker's stock worth $379,000 after purchasing an additional 1,121 shares during the period. Trueblood Wealth Management LLC purchased a new stake in NIKE in the 1st quarter valued at approximately $256,000. Terra Alpha Investments LLC grew its holdings in NIKE by 4.8% in the 1st quarter. Terra Alpha Investments LLC now owns 25,597 shares of the footwear maker's stock valued at $1,625,000 after buying an additional 1,164 shares during the period. Petredis Investment Advisors LLC raised its holdings in shares of NIKE by 1.3% in the 1st quarter. Petredis Investment Advisors LLC now owns 17,985 shares of the footwear maker's stock worth $1,142,000 after purchasing an additional 238 shares during the period. Finally, Dividend Assets Capital LLC lifted its stake in shares of NIKE by 29.9% during the first quarter. Dividend Assets Capital LLC now owns 92,146 shares of the footwear maker's stock worth $5,849,000 after purchasing an additional 21,199 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on NKE shares. China Renaissance started coverage on NIKE in a research note on Wednesday, March 19th. They set a "hold" rating on the stock. JPMorgan Chase & Co. cut their price objective on shares of NIKE from $64.00 to $56.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. The Goldman Sachs Group cut their target price on shares of NIKE from $88.00 to $72.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Bank of America lowered their price target on NIKE from $90.00 to $80.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, Williams Trading dropped their target price on NIKE from $93.00 to $73.00 and set a "buy" rating for the company in a research report on Monday, April 21st. Seventeen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, NIKE has an average rating of "Moderate Buy" and an average target price of $80.26.

NIKE Stock Down 0.5%

NYSE:NKE traded down $0.30 during trading hours on Thursday, hitting $62.81. The company's stock had a trading volume of 9,823,572 shares, compared to its average volume of 15,136,668. The stock has a fifty day moving average of $59.23 and a 200-day moving average of $68.85. The stock has a market capitalization 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, Inc. has a 52-week low of $52.28 and a 52-week high of $98.04. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57.

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

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be issued a $0.40 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.55%. NIKE's dividend payout ratio (DPR) is 53.16%.

Insider Buying and Selling at NIKE

In other NIKE news, Director Robert Holmes Swan purchased 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 completion of the transaction, the director now directly owns 31,983 shares in the company, valued at approximately $1,869,726.18. This represents a 36.78% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by insiders.

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.