NIKE, Inc. (NYSE:NKE) Shares Bought by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC increased its stake in NIKE, Inc. (NYSE:NKE) by 9.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,627 shares of the footwear maker’s stock after purchasing an additional 729 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in NIKE were worth $937,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of NKE. Oliver Luxxe Assets LLC lifted its stake in NIKE by 2.9% during the 3rd quarter. Oliver Luxxe Assets LLC now owns 37,510 shares of the footwear maker’s stock valued at $3,587,000 after acquiring an additional 1,041 shares during the period. Louisiana State Employees Retirement System acquired a new stake in NIKE during the 4th quarter valued at approximately $8,034,000. Financial Gravity Asset Management Inc. lifted its stake in NIKE by 2,332.5% during 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 acquiring an additional 176,476 shares during the period. International Assets Investment Management LLC lifted its stake in NIKE by 10,184.3% during the 4th quarter. International Assets Investment Management LLC now owns 388,131 shares of the footwear maker’s stock valued at $42,139,000 after acquiring an additional 384,357 shares during the period. Finally, Franklin Street Advisors Inc. NC lifted its stake in NIKE by 55.6% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 194,164 shares of the footwear maker’s stock valued at $21,080,000 after acquiring an additional 69,363 shares during the period. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NKE has been the subject of several analyst reports. Jefferies Financial Group decreased their target price on shares of NIKE from $110.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, March 22nd. Bank of America upgraded shares of NIKE from a “neutral” rating to a “buy” rating and boosted their target price for the company from $110.00 to $113.00 in a research note on Thursday, April 11th. Williams Trading reiterated a “sell” rating and issued a $85.00 target price (down from $92.00) on shares of NIKE in a research note on Monday, March 18th. Morgan Stanley decreased their target price on shares of NIKE from $124.00 to $116.00 and set an “overweight” rating for the company in a research note on Wednesday, March 27th. Finally, Stifel Nicolaus decreased their target price on shares of NIKE from $129.00 to $117.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $116.26.

NIKE Trading Up 0.2 %

NYSE NKE traded up $0.18 during trading hours on Friday, reaching $94.12. The company had a trading volume of 6,115,744 shares, compared to its average volume of 9,124,711. The stock has a 50-day moving average of $96.96 and a 200 day moving average of $103.34. NIKE, Inc. has a 1-year low of $88.66 and a 1-year high of $128.68. 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 has a market capitalization of $142.06 billion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 1.82 and a beta of 1.08.

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

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were given a $0.37 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.48 dividend on an annualized basis and a yield of 1.57%. NIKE’s payout ratio is currently 43.53%.

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.