Values Added Financial LLC Raises Position in NIKE, Inc. (NYSE:NKE)

Values Added Financial LLC lifted its stake in shares of NIKE, Inc. (NYSE:NKE) by 11.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,426 shares of the footwear maker’s stock after acquiring an additional 470 shares during the quarter. Values Added Financial LLC’s holdings in NIKE were worth $481,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Oliver Luxxe Assets LLC boosted its stake in shares of NIKE by 2.9% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 37,510 shares of the footwear maker’s stock valued at $3,587,000 after buying an additional 1,041 shares during the period. Financial Gravity Asset Management Inc. increased its position in shares of NIKE by 2,332.5% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 184,042 shares of the footwear maker’s stock valued at $17,598,000 after purchasing an additional 176,476 shares during the last quarter. Daymark Wealth Partners LLC raised its holdings in shares of NIKE by 883.4% in the 3rd quarter. Daymark Wealth Partners LLC now owns 109,538 shares of the footwear maker’s stock valued at $10,474,000 after purchasing an additional 98,399 shares in the last quarter. Peoples Financial Services CORP. lifted its position in shares of NIKE by 6.2% during the 3rd quarter. Peoples Financial Services CORP. now owns 13,039 shares of the footwear maker’s stock worth $1,247,000 after purchasing an additional 760 shares during the last quarter. Finally, Janney Capital Management LLC grew its stake in shares of NIKE by 31.9% during the third quarter. Janney Capital Management LLC now owns 82,382 shares of the footwear maker’s stock worth $7,877,000 after purchasing an additional 19,947 shares in the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Trading Down 0.2 %

Shares of NKE opened at $93.98 on Friday. NIKE, Inc. has a twelve month low of $88.66 and a twelve month high of $128.68. The firm has a market capitalization of $143.03 billion, a P/E ratio of 27.64, a price-to-earnings-growth ratio of 1.76 and a beta of 1.10. 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 stock’s fifty day simple moving average is $101.52 and its 200 day simple moving average is $103.63.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. The company 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%. On average, equities research analysts forecast that NIKE, Inc. will post 3.72 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 4th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Friday, March 1st. NIKE’s payout ratio is currently 43.53%.

Analyst Ratings Changes

A number of research firms have weighed in on NKE. Royal Bank of Canada restated a “sector perform” rating and issued a $100.00 price target (down from $110.00) on shares of NIKE in a research note on Friday, March 22nd. The Goldman Sachs Group cut their target price on NIKE from $135.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Telsey Advisory Group decreased their target price on NIKE from $140.00 to $120.00 and set an “outperform” rating for the company in a research note on Monday, March 18th. Wells Fargo & Company cut their price objective on shares of NIKE from $125.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. Finally, Evercore ISI reduced their price objective on shares of NIKE from $127.00 to $117.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, NIKE currently has a consensus rating of “Moderate Buy” and an average price target of $116.52.

NIKE Company 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.