4,992 Shares in NIKE, Inc. (NYSE:NKE) Bought by American Alpha Advisors LLC

American Alpha Advisors LLC bought a new position in shares of NIKE, Inc. (NYSE:NKE) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,992 shares of the footwear maker’s stock, valued at approximately $317,000.

A number of other hedge funds have also bought and sold shares of NKE. Brighton Jones LLC raised its stake in NIKE by 388.5% during the fourth quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock worth $15,316,000 after buying an additional 160,980 shares during the last quarter. Bank Pictet & Cie Europe AG raised its stake in NIKE by 10.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 190,915 shares of the footwear maker’s stock worth $14,447,000 after buying an additional 17,888 shares during the last quarter. DRW Securities LLC bought a new position in NIKE during the fourth quarter worth $209,000. Covestor Ltd raised its stake in NIKE by 21.5% during the fourth quarter. Covestor Ltd now owns 1,382 shares of the footwear maker’s stock worth $105,000 after buying an additional 245 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC raised its stake in NIKE by 191.6% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 5,178 shares of the footwear maker’s stock worth $392,000 after buying an additional 3,402 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

NIKE Trading Down 0.2%

Shares of NKE opened at $74.17 on Friday. The stock has a market capitalization of $109.54 billion, a P/E ratio of 34.34, a PEG ratio of 2.70 and a beta of 1.27. The company has a quick ratio of 1.50, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The firm has a fifty day simple moving average of $69.70 and a two-hundred day simple moving average of $67.60. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $90.62.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, June 26th. The footwear maker reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The business had revenue of $11.10 billion during the quarter, compared to analysts’ expectations of $10.69 billion. During the same quarter in the prior year, the company posted $0.99 EPS. The firm’s revenue for the quarter was down 11.9% compared to the same quarter last year. On average, research analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd will be issued a $0.40 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $1.60 annualized dividend and a yield of 2.2%. NIKE’s dividend payout ratio is 74.07%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NKE. Hsbc Global Res raised shares of NIKE from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 27th. UBS Group began coverage on shares of NIKE in a research note on Sunday, July 6th. They issued a “buy” rating for the company. Needham & Company LLC lifted their price target on shares of NIKE from $66.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, June 27th. Jefferies Financial Group reaffirmed a “buy” rating on shares of NIKE in a research note on Friday, May 23rd. Finally, Citigroup lifted their price target on shares of NIKE from $57.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, June 27th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.22.

Insider Buying and Selling

In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of the company’s stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $72.29, for a total value of $7,951,900.00. Following the completion of the transaction, the chairman directly owned 842,361 shares in the company, valued at approximately $60,894,276.69. This represents a 11.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.80% of the company’s stock.

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.