Probity Advisors Inc. purchased a new stake in shares of NIKE, Inc. (NYSE:NKE) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,756 shares of the footwear maker’s stock, valued at approximately $499,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. SNS Financial Group LLC lifted its position in shares of NIKE by 2.8% during the fourth quarter. SNS Financial Group LLC now owns 2,554 shares of the footwear maker’s stock valued at $361,000 after buying an additional 70 shares during the last quarter. Carlson Capital Management increased its holdings in shares of NIKE by 2.2% during the fourth quarter. Carlson Capital Management now owns 3,414 shares of the footwear maker’s stock valued at $500,000 after acquiring an additional 72 shares in the last quarter. MidWestOne Financial Group Inc. increased its holdings in shares of NIKE by 1.2% during the fourth quarter. MidWestOne Financial Group Inc. now owns 6,303 shares of the footwear maker’s stock valued at $892,000 after acquiring an additional 76 shares in the last quarter. Appleton Partners Inc. MA increased its holdings in shares of NIKE by 2.2% during the first quarter. Appleton Partners Inc. MA now owns 3,592 shares of the footwear maker’s stock valued at $477,000 after acquiring an additional 77 shares in the last quarter. Finally, Smith Shellnut Wilson LLC ADV increased its holdings in shares of NIKE by 0.9% during the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 8,542 shares of the footwear maker’s stock valued at $1,208,000 after acquiring an additional 78 shares in the last quarter. 64.20% of the stock is owned by institutional investors and hedge funds.

In other NIKE news, CAO Hilary K. Krane sold 15,000 shares of the firm’s stock in a transaction on Wednesday, April 14th. The stock was sold at an average price of $133.54, for a total value of $2,003,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter B. Henry sold 3,388 shares of the firm’s stock in a transaction on Tuesday, April 20th. The stock was sold at an average price of $127.03, for a total value of $430,377.64. Following the completion of the sale, the director now directly owns 2,282 shares of the company’s stock, valued at $289,882.46. The disclosure for this sale can be found here. Insiders sold a total of 132,482 shares of company stock worth $17,342,141 in the last 90 days. 3.80% of the stock is currently owned by insiders.

Several research firms have recently issued reports on NKE. Credit Suisse Group upped their price objective on shares of NIKE from $162.00 to $176.00 and gave the company an “outperform” rating in a report on Thursday, March 25th. Zacks Investment Research downgraded shares of NIKE from a “buy” rating to a “hold” rating and set a $146.00 price target on the stock. in a report on Monday, March 22nd. Morgan Stanley cut their price target on shares of NIKE from $176.00 to $173.00 and set an “overweight” rating on the stock in a report on Wednesday, March 17th. Cowen increased their price target on shares of NIKE from $170.00 to $173.00 and gave the stock an “outperform” rating in a report on Tuesday, March 23rd. Finally, Barclays reiterated a “buy” rating and issued a $174.00 price target on shares of NIKE in a report on Friday, March 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirty have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $159.83.

Shares of NKE stock opened at $133.03 on Tuesday. The stock’s fifty day moving average is $134.38 and its two-hundred day moving average is $135.89. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.97 and a current ratio of 2.66. The firm has a market capitalization of $210.18 billion, a P/E ratio of 76.02, a PEG ratio of 2.51 and a beta of 0.83. NIKE, Inc. has a fifty-two week low of $84.11 and a fifty-two week high of $147.95.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Wednesday, March 17th. The footwear maker reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.15. The company had revenue of $10.40 billion for the quarter, compared to analyst estimates of $10.98 billion. NIKE had a return on equity of 34.89% and a net margin of 7.39%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 EPS. On average, equities analysts forecast that NIKE, Inc. will post 2.96 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 1st. Shareholders of record on Monday, March 1st were issued a $0.275 dividend. The ex-dividend date was Friday, February 26th. This represents a $1.10 dividend on an annualized basis and a yield of 0.83%. NIKE’s payout ratio is currently 59.46%.

NIKE Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories, including running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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