NIKE, Inc. (NYSE:NKE) Shares Acquired by M. Kulyk & Associates LLC

M. Kulyk & Associates LLC raised its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 8.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 93,080 shares of the footwear maker's stock after buying an additional 6,985 shares during the period. NIKE comprises approximately 1.4% of M. Kulyk & Associates LLC's holdings, making the stock its 26th largest position. M. Kulyk & Associates LLC's holdings in NIKE were worth $5,909,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new stake in NIKE during the 4th quarter valued at $28,000. EnRich Financial Partners LLC grew its position 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 valued at $31,000 after acquiring an additional 273 shares during the period. Roxbury Financial LLC grew its position in shares of NIKE by 52.1% during the 1st quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker's stock valued at $37,000 after acquiring an additional 201 shares during the period. Ritter Daniher Financial Advisory LLC DE grew its position in shares of NIKE by 95.1% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 513 shares of the footwear maker's stock valued at $39,000 after acquiring an additional 250 shares during the period. Finally, Putney Financial Group LLC bought a new stake in shares of NIKE during the 4th quarter valued at $40,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NIKE 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 completion of the sale, the chairman directly owned 842,361 shares in the company, valued at $60,894,276.69. This trade represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by company insiders.

NIKE Stock Down 1.6%

NKE stock traded down $1.26 during trading on Thursday, hitting $75.49. 10,015,400 shares of the company's stock traded hands, compared to its average volume of 17,629,457. The firm has a market capitalization of $111.65 billion, a P/E ratio of 34.95, a PEG ratio of 2.77 and a beta of 1.25. The business has a fifty day simple moving average of $66.28 and a two-hundred day simple moving average of $67.30. The company has a quick ratio of 1.50, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. 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 announced its earnings results on Thursday, June 26th. The footwear maker reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The company had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $10.69 billion. NIKE had a net margin of 6.95% and a return on equity of 23.33%. NIKE's revenue was down 11.9% compared to the same quarter last year. During the same period last year, the firm earned $0.99 earnings per share. Sell-side analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders 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 annualized dividend and a yield of 2.12%. NIKE's dividend payout ratio (DPR) is 74.07%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of NIKE from $77.00 to $71.00 and set a "buy" rating for the company in a report on Friday, June 20th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $70.00 target price on shares of NIKE in a report on Friday, June 27th. Wall Street Zen downgraded shares of NIKE from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Hsbc Global Res raised shares of NIKE from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Finally, Williams Trading dropped their price objective on shares of NIKE from $93.00 to $73.00 and set a "buy" rating for the company in a report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $77.15.

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.