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

St. Clair Advisors LLC bought a new stake in NIKE, Inc. (NYSE:NKE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 17,745 shares of the footwear maker's stock, valued at approximately $1,343,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JNBA Financial Advisors grew its position in NIKE by 1.3% during the 4th quarter. JNBA Financial Advisors now owns 10,045 shares of the footwear maker's stock worth $760,000 after acquiring an additional 131 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its position in NIKE by 0.7% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 20,446 shares of the footwear maker's stock worth $1,547,000 after acquiring an additional 136 shares during the last quarter. Elgethun Capital Management grew its position in NIKE by 13.7% during the 4th quarter. Elgethun Capital Management now owns 1,236 shares of the footwear maker's stock worth $94,000 after acquiring an additional 149 shares during the last quarter. Game Plan Financial Advisors LLC grew its position in NIKE by 11.1% during the 4th quarter. Game Plan Financial Advisors LLC now owns 1,500 shares of the footwear maker's stock worth $114,000 after acquiring an additional 150 shares during the last quarter. Finally, AlTi Global Inc. lifted its holdings in NIKE by 0.4% during the 4th quarter. AlTi Global Inc. now owns 36,996 shares of the footwear maker's stock worth $2,813,000 after buying an additional 150 shares during the period. Institutional investors own 64.25% of the company's stock.

NIKE Stock Up 2.2%

Shares of NYSE:NKE traded up $1.32 during mid-day trading on Thursday, hitting $61.30. 16,758,109 shares of the company traded hands, compared to its average volume of 14,913,951. The stock has a market cap of $90.67 billion, a P/E ratio of 18.92, a P/E/G ratio of 2.52 and a beta of 1.23. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $98.04. The stock has a 50-day moving average price of $60.40 and a two-hundred day moving average price of $70.42.

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

NIKE Announces Dividend

The business 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 annualized dividend and a yield of 2.61%. The ex-dividend date is Monday, June 2nd. NIKE's dividend payout ratio is 53.16%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of NIKE from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. China Renaissance started coverage on shares of NIKE in a report on Wednesday, March 19th. They issued a "hold" rating on the stock. Citigroup decreased their price target on NIKE from $72.00 to $57.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Morgan Stanley lowered their price objective on NIKE from $72.00 to $70.00 and set an "equal weight" rating for the company in a research report on Friday, March 21st. Finally, Guggenheim reissued a "buy" rating and issued a $110.00 price objective on shares of NIKE in a research note on Wednesday, February 12th. Seventeen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, NIKE currently has a consensus rating of "Moderate Buy" and an average price target of $80.26.

Insider Buying and Selling at NIKE

In other news, Director Robert Holmes Swan bought 8,600 shares of the stock in a transaction on Friday, April 4th. The shares were purchased at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the purchase, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company's stock.

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.