Madison Asset Management LLC Purchases 15,916 Shares of NIKE, Inc. (NYSE:NKE)

Madison Asset Management LLC boosted its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 3.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 453,617 shares of the footwear maker's stock after acquiring an additional 15,916 shares during the quarter. Madison Asset Management LLC's holdings in NIKE were worth $28,796,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on NKE shares. The Goldman Sachs Group lifted their price objective on NIKE from $72.00 to $81.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Deutsche Bank Aktiengesellschaft dropped their target price on NIKE from $77.00 to $71.00 and set a "buy" rating on the stock in a report on Friday, June 20th. Morgan Stanley lifted their price objective on NIKE from $61.00 to $64.00 and gave the stock an "equal weight" rating in a report on Friday, June 27th. Telsey Advisory Group restated a "market perform" rating and set a $70.00 price objective on shares of NIKE in a report on Friday, June 27th. Finally, DZ Bank downgraded NIKE from a "buy" rating to a "hold" rating and set a $76.00 price objective on the stock. in a report on Thursday, July 10th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $77.15.

Insider Transactions at NIKE

In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total transaction of $7,951,900.00. Following the transaction, the chairman owned 842,361 shares of the company's stock, valued at $60,894,276.69. The trade was a 11.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.10% of the company's stock.

NIKE Price Performance

NYSE NKE traded up $0.85 during trading hours on Friday, reaching $76.27. 7,148,164 shares of the company's stock were exchanged, compared to its average volume of 19,919,176. The firm has a fifty day moving average of $66.81 and a 200-day moving average of $67.35. The stock has a market cap of $112.81 billion, a PE ratio of 35.31, a price-to-earnings-growth ratio of 2.77 and a beta of 1.25. NIKE, Inc. has a one year low of $52.28 and a one year high of $90.62. The company has a current ratio of 2.21, a quick ratio of 1.50 and a debt-to-equity ratio of 0.60.

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

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd were issued 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 2.10%. 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.