Allen Capital Group LLC Takes Position in NIKE, Inc. (NYSE:NKE)

Allen Capital Group LLC purchased a new stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 12,701 shares of the footwear maker's stock, valued at approximately $1,379,000.

A number of other hedge funds also recently bought and sold shares of NKE. Financial Freedom LLC purchased a new position in shares of NIKE during the 4th quarter worth approximately $29,000. Iron Horse Wealth Management LLC grew its holdings in shares of NIKE by 120.7% during the 4th quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker's stock worth $28,000 after acquiring an additional 140 shares during the period. Impact Partnership Wealth LLC grew its holdings in shares of NIKE by 220.7% during the 3rd quarter. Impact Partnership Wealth LLC now owns 263 shares of the footwear maker's stock worth $25,000 after acquiring an additional 181 shares during the period. Planned Solutions Inc. purchased a new position in shares of NIKE during the 4th quarter worth approximately $29,000. Finally, Worth Asset Management LLC purchased a new position in shares of NIKE during the 1st quarter worth approximately $32,000. Hedge funds and other institutional investors own 64.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NKE shares. Wells Fargo & Company reduced their target price on NIKE from $125.00 to $120.00 and set an "overweight" rating on the stock in a report on Friday, March 22nd. Morgan Stanley dropped their price target on NIKE from $124.00 to $116.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 27th. Wedbush reissued an "outperform" rating and issued a $115.00 price target on shares of NIKE in a research report on Wednesday, March 27th. UBS Group dropped their price target on NIKE from $138.00 to $125.00 and set a "buy" rating on the stock in a research report on Friday, March 22nd. Finally, TheStreet cut NIKE from a "b" rating to a "c+" rating in a research report on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $116.26.

NIKE Stock Performance

NYSE NKE traded up $0.28 on Tuesday, hitting $93.38. 10,385,549 shares of the company traded hands, compared to its average volume of 9,577,090. The business's 50 day moving average price is $98.65 and its 200-day moving average price is $103.48. NIKE, Inc. has a 52-week low of $88.66 and a 52-week high of $128.68. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $140.94 billion, a price-to-earnings ratio of 27.46, a P/E/G ratio of 1.79 and a beta of 1.09.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.69 by $0.29. The firm had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. Equities analysts expect that NIKE, Inc. will post 3.7 earnings per share for the current year.

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.58%. NIKE's payout ratio is currently 43.53%.

NIKE 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.