Leelyn Smith LLC Purchases 3,858 Shares of NIKE, Inc. (NYSE:NKE)

Leelyn Smith LLC increased its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 9.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,936 shares of the footwear maker's stock after acquiring an additional 3,858 shares during the quarter. Leelyn Smith LLC's holdings in NIKE were worth $2,789,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Wellington Management Group LLP lifted its stake in shares of NIKE by 32.4% in the fourth quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker's stock valued at $2,749,903,000 after buying an additional 8,898,591 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of NIKE by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 25,376,558 shares of the footwear maker's stock valued at $1,915,110,000 after buying an additional 347,178 shares in the last quarter. Capital World Investors lifted its stake in shares of NIKE by 10.3% in the fourth quarter. Capital World Investors now owns 24,545,937 shares of the footwear maker's stock valued at $1,857,389,000 after buying an additional 2,288,627 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of NIKE by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 20,988,207 shares of the footwear maker's stock valued at $1,332,331,000 after buying an additional 620,214 shares in the last quarter. Finally, Norges Bank bought a new position in shares of NIKE in the fourth quarter valued at $1,126,288,000. 64.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

NKE has been the topic of several analyst reports. UBS Group initiated coverage on shares of NIKE in a report on Sunday, July 6th. They set a "buy" rating on the stock. Argus upgraded shares of NIKE to a "buy" rating in a report on Sunday, July 6th. BMO Capital Markets cut their price target on shares of NIKE from $95.00 to $92.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. HSBC upgraded shares of NIKE from a "hold" rating to a "buy" rating and set a $80.00 price target on the stock in a report on Friday, June 27th. Finally, Berenberg Bank initiated coverage on shares of NIKE in a report on Tuesday, April 15th. They set a "hold" rating and a $58.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $77.15.

NIKE Price Performance

NIKE stock traded down $0.20 during midday trading on Tuesday, reaching $72.05. 9,691,907 shares of the stock were exchanged, compared to its average volume of 15,175,762. The company's fifty day moving average is $64.36 and its 200-day moving average is $67.24. 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 firm has a market cap of $106.57 billion, a PE ratio of 33.36, a PEG ratio of 2.65 and a beta of 1.25. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $90.62.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings results on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The business had revenue of $11.10 billion during the quarter, compared to analysts' expectations of $10.69 billion. During the same quarter in the previous year, the company earned $0.99 EPS. The business's quarterly revenue was down 11.9% compared to the same quarter last year. On average, sell-side analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd were paid a $0.40 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.22%. NIKE's dividend payout ratio (DPR) is 74.07%.

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.