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

Waverly Advisors LLC grew its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 53.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,591 shares of the footwear maker's stock after buying an additional 6,810 shares during the period. Waverly Advisors LLC's holdings in NIKE were worth $1,482,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Caitlin John LLC boosted its stake in NIKE by 117.0% in the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock valued at $28,000 after buying an additional 200 shares in the last quarter. Heck Capital Advisors LLC bought a new stake in shares of NIKE during the fourth quarter worth about $28,000. Roxbury Financial LLC bought a new stake in shares of NIKE during the fourth quarter worth about $30,000. LFA Lugano Financial Advisors SA grew its holdings in shares of NIKE by 110.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock worth $30,000 after purchasing an additional 210 shares during the last quarter. Finally, Hopwood Financial Services Inc. acquired a new position in NIKE in the fourth quarter valued at approximately $30,000. Institutional investors own 64.25% of the company's stock.

NIKE Stock Performance

NKE stock traded down $0.87 during midday trading on Wednesday, reaching $61.96. The stock had a trading volume of 4,162,242 shares, compared to its average volume of 14,936,912. The stock has a market cap of $91.65 billion, a PE ratio of 19.12, a P/E/G ratio of 2.52 and a beta of 1.23. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The firm has a fifty day simple moving average of $59.45 and a two-hundred day simple moving average of $69.95. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $98.04.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $11.27 billion during the quarter, compared to analysts' expectations of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company's revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 EPS. As a group, equities research analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Monday, June 2nd. NIKE's dividend payout ratio (DPR) is presently 53.16%.

Insider Transactions at NIKE

In other news, Director Robert Holmes Swan purchased 8,600 shares of the company's stock in a transaction that occurred on Friday, April 4th. The shares were purchased at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the purchase, the director now directly owns 31,983 shares of the company's stock, valued at $1,869,726.18. This represents a 36.78% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Robert W. Baird decreased their price objective on NIKE from $105.00 to $99.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Telsey Advisory Group lowered their price target on NIKE from $80.00 to $70.00 and set a "market perform" rating on the stock in a report on Tuesday, May 6th. Citigroup reduced their price target on NIKE from $72.00 to $57.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. China Renaissance began coverage on NIKE in a research note on Wednesday, March 19th. They set a "hold" rating for the company. Finally, Wells Fargo & Company lifted their price objective on NIKE from $55.00 to $60.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Seventeen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $80.26.

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.