World Investment Advisors Has $3.50 Million Position in NIKE, Inc. (NYSE:NKE)

World Investment Advisors raised its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 12.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,203 shares of the footwear maker's stock after buying an additional 6,078 shares during the quarter. World Investment Advisors' holdings in NIKE were worth $3,504,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in shares of NIKE in the fourth quarter valued at $28,000. LFA Lugano Financial Advisors SA raised its stake in shares of NIKE by 110.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock valued at $30,000 after purchasing an additional 210 shares in the last quarter. Hopwood Financial Services Inc. acquired a new position in shares of NIKE in the fourth quarter valued at $30,000. EnRich Financial Partners LLC raised its stake in shares of NIKE by 196.4% in the fourth quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock valued at $31,000 after purchasing an additional 273 shares in the last quarter. Finally, Roxbury Financial LLC raised its stake 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 purchasing an additional 201 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on NKE. Robert W. Baird upped their target price on NIKE from $80.00 to $88.00 and gave the company an "outperform" rating in a research note on Friday, June 27th. The Goldman Sachs Group upped their price target on NIKE from $72.00 to $81.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Cfra Research upgraded NIKE to a "moderate buy" rating in a research report on Friday, March 21st. Evercore ISI lowered their price target on NIKE from $97.00 to $75.00 and set an "outperform" rating on the stock in a research report on Tuesday, June 24th. Finally, Morgan Stanley upped their price target on NIKE from $61.00 to $64.00 and gave the company an "equal weight" rating in a research report on Friday, June 27th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $77.19.

NIKE Trading Up 0.2%

NIKE stock traded up $0.18 during mid-day trading on Monday, hitting $76.57. The stock had a trading volume of 17,282,720 shares, compared to its average volume of 15,363,179. The stock has a 50-day simple moving average of $62.36 and a two-hundred day simple moving average of $67.35. The stock has a market capitalization of $113.26 billion, a PE ratio of 35.45, a P/E/G ratio of 2.77 and a beta of 1.25. NIKE, Inc. has a 12 month low of $52.28 and a 12 month 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 quarterly earnings results on Thursday, June 26th. The footwear maker reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. NIKE had a return on equity of 23.33% and a net margin of 6.95%. The business had revenue of $11.10 billion for the quarter, compared to analysts' expectations of $10.69 billion. During the same quarter last year, the business earned $0.99 earnings per share. The firm's quarterly revenue was down 11.9% compared to the same quarter last year. As a group, sell-side analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Monday, June 2nd. 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.