NIKE, Inc. (NYSE:NKE) Shares Purchased by Montag A & Associates Inc.

Montag A & Associates Inc. boosted its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 23.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 43,897 shares of the footwear maker's stock after purchasing an additional 8,359 shares during the period. Montag A & Associates Inc.'s holdings in NIKE were worth $4,780,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. FMR LLC grew its holdings in shares of NIKE by 0.7% during the third quarter. FMR LLC now owns 18,502,409 shares of the footwear maker's stock worth $1,769,200,000 after buying an additional 125,746 shares in the last quarter. Northern Trust Corp increased its holdings in NIKE by 4.5% in the third quarter. Northern Trust Corp now owns 15,557,676 shares of the footwear maker's stock valued at $1,487,625,000 after buying an additional 674,198 shares during the last quarter. Fisher Asset Management LLC increased its holdings in NIKE by 2.3% in the fourth quarter. Fisher Asset Management LLC now owns 9,887,769 shares of the footwear maker's stock valued at $1,073,515,000 after buying an additional 219,091 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in NIKE by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,200,932 shares of the footwear maker's stock valued at $766,829,000 after acquiring an additional 89,947 shares in the last quarter. Finally, Newport Trust Company LLC acquired a new position in NIKE in the third quarter valued at $679,775,000. Hedge funds and other institutional investors own 64.25% of the company's stock.

NIKE Stock Performance

Shares of NYSE:NKE traded down $2.47 during trading on Friday, reaching $90.92. 10,542,722 shares of the company's stock traded hands, compared to its average volume of 8,453,267. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89. The company has a 50 day moving average of $94.86 and a 200-day moving average of $102.78. The stock has a market capitalization of $137.23 billion, a P/E ratio of 26.74, a price-to-earnings-growth ratio of 1.80 and a beta of 1.07. NIKE, Inc. has a 12 month low of $88.66 and a 12 month high of $123.86.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.29. NIKE had a return on equity of 39.41% and a net margin of 10.14%. The company had revenue of $12.43 billion for the quarter, compared to analysts' expectations of $12.28 billion. On average, equities analysts expect that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Monday, June 3rd. NIKE's dividend payout ratio (DPR) is 43.53%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NKE. Oppenheimer downgraded shares of NIKE from an "outperform" rating to a "market perform" rating and set a $110.00 target price for the company. in a research note on Friday, February 16th. Jefferies Financial Group decreased their target price on shares of NIKE from $110.00 to $100.00 and set a "hold" rating on the stock in a research report on Friday, March 22nd. Wedbush restated an "outperform" rating and set a $115.00 target price on shares of NIKE in a research report on Tuesday, April 30th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $100.00 price target (down previously from $110.00) on shares of NIKE in a report on Friday, March 22nd. Finally, Sanford C. Bernstein decreased their price target on shares of NIKE from $134.00 to $120.00 and set an "outperform" rating on the stock in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $116.26.

Insider Activity at NIKE

In other news, VP Johanna Nielsen sold 282 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $93.64, for a total value of $26,406.48. Following the completion of the transaction, the vice president now directly owns 730 shares in the company, valued at $68,357.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Monique S. Matheson sold 45,000 shares of the firm's stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $94.16, for a total transaction of $4,237,200.00. Following the completion of the transaction, the executive vice president now owns 44,997 shares in the company, valued at approximately $4,236,917.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Johanna Nielsen sold 282 shares of the business's stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $93.64, for a total transaction of $26,406.48. Following the completion of the sale, the vice president now owns 730 shares in the company, valued at $68,357.20. The disclosure for this sale can be found here. Company insiders own 0.50% of the company's stock.

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.

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