RMR Wealth Builders Buys 1,972 Shares of NIKE, Inc. (NYSE:NKE)

RMR Wealth Builders lifted its position in NIKE, Inc. (NYSE:NKE) by 23.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,392 shares of the footwear maker’s stock after acquiring an additional 1,972 shares during the quarter. RMR Wealth Builders’ holdings in NIKE were worth $1,128,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Everpar Advisors LLC bought a new position in shares of NIKE in the fourth quarter worth about $302,000. Gryphon Financial Partners LLC boosted its stake in NIKE by 34.6% in the fourth quarter. Gryphon Financial Partners LLC now owns 11,598 shares of the footwear maker’s stock valued at $1,259,000 after acquiring an additional 2,981 shares in the last quarter. Moss Adams Wealth Advisors LLC increased its holdings in shares of NIKE by 12.1% during the fourth quarter. Moss Adams Wealth Advisors LLC now owns 5,753 shares of the footwear maker’s stock valued at $626,000 after acquiring an additional 620 shares in the last quarter. Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of NIKE during the fourth quarter worth $196,000. Finally, Palisade Asset Management LLC increased its position in shares of NIKE by 1.4% in the 4th quarter. Palisade Asset Management LLC now owns 42,437 shares of the footwear maker’s stock valued at $4,607,000 after acquiring an additional 579 shares during the period. Institutional investors own 64.25% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Monique S. Matheson sold 45,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $94.16, for a total value of $4,237,200.00. Following the completion of the sale, the executive vice president now directly owns 44,997 shares of the company’s stock, valued at $4,236,917.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.50% of the company’s stock.

NIKE Stock Performance

Shares of NIKE stock opened at $93.44 on Thursday. NIKE, Inc. has a 1-year low of $88.66 and a 1-year high of $126.46. 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 business has a 50-day moving average price of $95.28 and a two-hundred day moving average price of $102.91. The company has a market cap of $141.03 billion, a P/E ratio of 27.53, a PEG ratio of 1.78 and a beta of 1.07.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.29. The firm had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. As a group, analysts anticipate that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.37 per share. The ex-dividend date is Monday, June 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.58%. NIKE’s dividend payout ratio (DPR) is presently 43.53%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NKE. The Goldman Sachs Group dropped 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. Bank of America upgraded shares of NIKE from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $110.00 to $113.00 in a report on Thursday, April 11th. HSBC dropped their price objective on NIKE from $120.00 to $115.00 and set a “hold” rating on the stock in a report on Monday, January 22nd. Telsey Advisory Group lowered their target price on NIKE from $140.00 to $120.00 and set an “outperform” rating on the stock in a report on Monday, March 18th. Finally, Jefferies Financial Group decreased their price target on shares of NIKE from $110.00 to $100.00 and set a “hold” rating on the stock in a report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, NIKE currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.26.

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.