Roberts Wealth Advisors LLC Boosts Stake in NIKE, Inc. (NYSE:NKE)

Roberts Wealth Advisors LLC lifted its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 25.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,172 shares of the footwear maker's stock after buying an additional 8,983 shares during the period. Roberts Wealth Advisors LLC's holdings in NIKE were worth $2,804,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC increased its position in NIKE by 388.5% during the fourth quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker's stock worth $15,316,000 after purchasing an additional 160,980 shares during the last quarter. Bank Pictet & Cie Europe AG increased its position in NIKE by 10.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 190,915 shares of the footwear maker's stock worth $14,447,000 after purchasing an additional 17,888 shares during the last quarter. Venturi Wealth Management LLC increased its position in NIKE by 355.6% during the fourth quarter. Venturi Wealth Management LLC now owns 7,263 shares of the footwear maker's stock worth $550,000 after purchasing an additional 5,669 shares during the last quarter. Bank of Jackson Hole Trust acquired a new stake in NIKE during the fourth quarter worth about $43,000. Finally, Private Advisor Group LLC increased its position in NIKE by 9.8% during the fourth quarter. Private Advisor Group LLC now owns 82,672 shares of the footwear maker's stock worth $6,256,000 after purchasing an additional 7,398 shares during the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NIKE

In other news, Director Robert Holmes Swan purchased 8,600 shares of NIKE stock in a transaction dated Friday, April 4th. The stock was acquired at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the acquisition, the director now directly owns 31,983 shares in the company, valued at $1,869,726.18. This represents a 36.78% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.10% of the company's stock.

NIKE Trading Down 0.9%

Shares of NKE opened at $59.47 on Friday. The business's 50-day moving average price is $59.67 and its 200 day moving average price is $68.23. The stock has a market capitalization of $87.96 billion, a P/E ratio of 19.76, a P/E/G ratio of 2.10 and a beta of 1.21. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $98.04. The company has a current ratio of 2.19, a quick ratio of 1.52 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.26. The firm had revenue of $11.27 billion for the quarter, compared to analysts' expectations of $11.02 billion. NIKE had a return on equity of 32.18% and a net margin of 9.43%. NIKE's revenue was down 9.1% on a year-over-year basis. During the same quarter last year, the business posted $0.98 EPS. Analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.60 annualized dividend and a yield of 2.69%. NIKE's dividend payout ratio (DPR) is presently 53.16%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NKE shares. Telsey Advisory Group restated a "market perform" rating and set a $70.00 price objective on shares of NIKE in a research report on Tuesday. China Renaissance started coverage on shares of NIKE in a research report on Wednesday, March 19th. They set a "hold" rating for the company. Barclays cut their price objective on shares of NIKE from $60.00 to $53.00 and set an "equal weight" rating for the company in a research report on Wednesday. Morgan Stanley cut their price objective on shares of NIKE from $70.00 to $61.00 and set an "equal weight" rating for the company in a research report on Tuesday. Finally, Stifel Nicolaus dropped their price target on shares of NIKE from $75.00 to $64.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $79.15.

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.

Want to see what other hedge funds are holding NKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NIKE, Inc. (NYSE:NKE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.