Whelan Financial Invests $354,000 in NIKE, Inc. (NYSE:NKE)

Whelan Financial purchased a new position in shares of NIKE, Inc. (NYSE:NKE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,583 shares of the footwear maker's stock, valued at approximately $354,000.

Several other hedge funds also recently bought and sold shares of the stock. Heck Capital Advisors LLC purchased a new stake in NIKE during the 4th quarter worth about $28,000. LFA Lugano Financial Advisors SA boosted its stake in shares of NIKE by 110.5% during the 4th 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. Hopwood Financial Services Inc. acquired a new stake in shares of NIKE during the 4th quarter worth about $30,000. EnRich Financial Partners LLC grew its holdings in shares of NIKE by 196.4% during the fourth quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock worth $31,000 after buying an additional 273 shares in the last quarter. Finally, Roxbury Financial LLC raised its position in shares of NIKE by 52.1% in the first quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker's stock valued at $37,000 after buying an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on NKE shares. Telsey Advisory Group restated a "market perform" rating and set a $70.00 target price on shares of NIKE in a research report on Friday, June 27th. Berenberg Bank began coverage on NIKE in a report on Tuesday, April 15th. They set a "hold" rating and a $58.00 price objective on the stock. Needham & Company LLC lifted their price objective on NIKE from $66.00 to $78.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Wall Street Zen downgraded NIKE from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Finally, Jefferies Financial Group restated a "buy" rating on shares of NIKE in a report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $77.19.

NIKE Stock Down 0.1%

NYSE:NKE traded down $0.11 during mid-day trading on Friday, hitting $76.28. The company had a trading volume of 12,022,568 shares, compared to its average volume of 15,355,444. The business has a fifty day simple moving average of $62.36 and a 200-day simple moving average of $67.42. The firm has a market capitalization of $112.83 billion, a price-to-earnings ratio of 35.31, a PEG ratio of 2.77 and a beta of 1.25. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $90.62. The company has a current ratio of 2.21, a quick ratio of 1.50 and a debt-to-equity ratio of 0.60.

NIKE (NYSE:NKE - Get Free Report) last posted its earnings results on Thursday, June 26th. The footwear maker reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. The business had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.69 billion. NIKE had a return on equity of 23.33% and a net margin of 6.95%. The company's revenue for the quarter was down 11.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 earnings per share. Equities analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd were paid a dividend of $0.40 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.10%. NIKE's dividend payout ratio is currently 74.07%.

About NIKE

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.