17,745 Shares in NIKE, Inc. (NYSE:NKE) Acquired by St. Clair Advisors LLC

St. Clair Advisors LLC purchased a new position in shares of NIKE, Inc. (NYSE:NKE - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 17,745 shares of the footwear maker's stock, valued at approximately $1,343,000.

A number of other large investors have also bought and sold shares of NKE. Heck Capital Advisors LLC bought a new position in NIKE in the 4th quarter valued at $28,000. Caitlin John LLC boosted its position in NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock valued at $28,000 after buying an additional 200 shares during the last quarter. Roxbury Financial LLC bought a new position in NIKE in the 4th quarter valued at $30,000. LFA Lugano Financial Advisors SA boosted its position in NIKE by 110.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock valued at $30,000 after buying an additional 210 shares during the last quarter. Finally, Hopwood Financial Services Inc. bought a new position in NIKE in the 4th quarter valued at $30,000. 64.25% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Robert Holmes Swan purchased 8,600 shares of the firm's stock in a transaction that occurred on 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 completion of the purchase, the director now directly owns 31,983 shares in the company, valued at approximately $1,869,726.18. This represents a 36.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

NKE has been the topic of a number of recent research reports. Telsey Advisory Group decreased their price objective on NIKE from $80.00 to $70.00 and set a "market perform" rating on the stock in a research report on Tuesday, May 6th. Guggenheim reiterated a "buy" rating and issued a $110.00 price objective on shares of NIKE in a research report on Wednesday, February 12th. Cfra Research raised NIKE to a "moderate buy" rating in a research note on Friday, March 21st. Wells Fargo & Company increased their price target on NIKE from $55.00 to $60.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Finally, Jefferies Financial Group raised NIKE from a "hold" rating to a "buy" rating and increased their price target for the company from $75.00 to $115.00 in a research note on Monday, February 24th. Seventeen 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 company has an average rating of "Moderate Buy" and a consensus target price of $80.26.

NIKE Price Performance

NYSE:NKE traded down $1.30 during trading hours on Friday, hitting $60.02. The stock had a trading volume of 14,271,999 shares, compared to its average volume of 14,940,172. The company has a 50 day simple moving average of $59.88 and a two-hundred day simple moving average of $70.18. 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 one year low of $52.28 and a one year high of $98.04. The firm has a market capitalization of $88.78 billion, a price-to-earnings ratio of 18.52, a P/E/G ratio of 2.52 and a beta of 1.23.

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

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Monday, June 2nd. NIKE's payout ratio is 53.16%.

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.