OneDigital Investment Advisors LLC Purchases 3,587 Shares of NIKE, Inc. (NYSE:NKE)

OneDigital Investment Advisors LLC lifted its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 11.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,380 shares of the footwear maker's stock after purchasing an additional 3,587 shares during the period. OneDigital Investment Advisors LLC's holdings in NIKE were worth $2,182,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Fisher Funds Management LTD boosted its position in NIKE by 11.0% in the 1st quarter. Fisher Funds Management LTD now owns 196,766 shares of the footwear maker's stock valued at $12,491,000 after buying an additional 19,438 shares during the last quarter. Baker Boyer National Bank boosted its holdings in NIKE by 3.9% in the first quarter. Baker Boyer National Bank now owns 5,339 shares of the footwear maker's stock valued at $339,000 after acquiring an additional 200 shares during the last quarter. Avantax Planning Partners Inc. boosted its holdings in NIKE by 4.2% in the first quarter. Avantax Planning Partners Inc. now owns 6,757 shares of the footwear maker's stock valued at $429,000 after acquiring an additional 272 shares during the last quarter. Davidson Trust Co. boosted its stake in shares of NIKE by 1.8% in the 1st quarter. Davidson Trust Co. now owns 19,082 shares of the footwear maker's stock valued at $1,211,000 after purchasing an additional 345 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its stake in shares of NIKE by 3.4% in the 1st quarter. D.A. Davidson & CO. now owns 106,064 shares of the footwear maker's stock valued at $6,733,000 after purchasing an additional 3,533 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Berenberg Bank began coverage on shares of NIKE in a research note on Tuesday, April 15th. They issued a "hold" rating and a $58.00 target price on the stock. Bank of America raised their price objective on shares of NIKE from $80.00 to $84.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Morgan Stanley raised their price objective on shares of NIKE from $61.00 to $64.00 and gave the company an "equal weight" rating in a research note on Friday, June 27th. UBS Group started coverage on NIKE in a research report on Sunday. They issued a "buy" rating on the stock. Finally, Royal Bank Of Canada reduced their price target on NIKE from $66.00 to $65.00 and set a "sector perform" rating on the stock in a research report on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, NIKE has an average rating of "Moderate Buy" and a consensus price target of $77.19.

NIKE Stock Down 2.8%

NYSE:NKE traded down $2.17 on Tuesday, hitting $74.36. 5,126,510 shares of the company's stock were exchanged, compared to its average volume of 18,099,279. The firm has a 50-day moving average price of $62.75 and a 200-day moving average price of $67.35. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 1.50. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $90.62. The company has a market cap of $109.98 billion, a P/E ratio of 34.42, a price-to-earnings-growth ratio of 2.77 and a beta of 1.25.

NIKE (NYSE:NKE - Get Free Report) last released its earnings results on Thursday, June 26th. The footwear maker reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. NIKE had a return on equity of 23.33% and a net margin of 6.95%. The business had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same quarter in the prior year, the company posted $0.99 earnings per share. NIKE's revenue was down 11.9% on a year-over-year basis. As a group, analysts expect that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Monday, June 2nd. NIKE's dividend payout ratio is currently 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.