Shufro Rose & Co. LLC Takes Position in NIKE, Inc. (NYSE:NKE)

Shufro Rose & Co. LLC acquired a new stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 60,177 shares of the footwear maker's stock, valued at approximately $4,554,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Integrated Advisors Network LLC increased its position in NIKE by 10.3% during the 4th quarter. Integrated Advisors Network LLC now owns 20,518 shares of the footwear maker's stock worth $1,553,000 after purchasing an additional 1,911 shares in the last quarter. Garde Capital Inc. grew its stake in NIKE by 5.9% during the fourth quarter. Garde Capital Inc. now owns 8,403 shares of the footwear maker's stock worth $636,000 after buying an additional 467 shares during the period. Cypress Asset Management Inc. TX purchased a new stake in NIKE during the fourth quarter worth approximately $309,000. Ascent Group LLC acquired a new stake in shares of NIKE in the fourth quarter worth $214,000. Finally, Gould Capital LLC raised its stake in shares of NIKE by 4,671.3% in the 4th quarter. Gould Capital LLC now owns 40,365 shares of the footwear maker's stock valued at $3,054,000 after acquiring an additional 39,519 shares during the period. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Price Performance

Shares of NYSE:NKE traded down $1.08 on Wednesday, reaching $61.75. 9,774,113 shares of the company traded hands, compared to its average volume of 14,975,713. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $98.04. The stock has a market capitalization of $91.34 billion, a PE ratio of 19.06, a P/E/G ratio of 2.52 and a beta of 1.23. The company's 50 day moving average is $59.45 and its 200-day moving average is $69.95.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.26. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The firm had revenue of $11.27 billion during the quarter, compared to analyst estimates of $11.02 billion. During the same period last year, the company posted $0.98 EPS. The business's quarterly revenue was down 9.1% compared to the same quarter last year. As a group, analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be paid a $0.40 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.59%. NIKE's payout ratio is 53.16%.

Insider Activity at NIKE

In other news, Director Robert Holmes Swan bought 8,600 shares of the stock in a transaction dated Friday, April 4th. The stock was bought at an average cost of $58.46 per share, with a total value of $502,756.00. Following the purchase, the director now owns 31,983 shares of the company's stock, valued at approximately $1,869,726.18. This represents a 36.78% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Royal Bank of Canada decreased their price target on shares of NIKE from $66.00 to $65.00 and set a "sector perform" rating for the company in a research report on Tuesday, May 20th. BMO Capital Markets decreased their target price on NIKE from $95.00 to $92.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Robert W. Baird dropped their target price on NIKE from $105.00 to $99.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Jefferies Financial Group reissued a "buy" rating on shares of NIKE in a research report on Friday, May 23rd. Finally, Barclays lowered their price objective on shares of NIKE from $70.00 to $60.00 and set an "equal weight" rating for the company in a research report on Monday, May 12th. Seventeen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $80.26.

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.