Catalyst Financial Partners LLC Buys 1,253 Shares of NIKE, Inc. (NYSE:NKE)

Catalyst Financial Partners LLC boosted its stake in shares of NIKE, Inc. (NYSE:NKE) by 39.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,465 shares of the footwear maker’s stock after purchasing an additional 1,253 shares during the period. Catalyst Financial Partners LLC’s holdings in NIKE were worth $485,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Iron Horse Wealth Management LLC increased its holdings in NIKE by 120.7% during the 4th quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 140 shares during the period. Planned Solutions Inc. bought a new stake in shares of NIKE in the fourth quarter valued at about $29,000. Mizuho Securities Co. Ltd. lifted its stake in NIKE by 100.0% in the fourth quarter. Mizuho Securities Co. Ltd. now owns 340 shares of the footwear maker’s stock worth $37,000 after acquiring an additional 170 shares during the period. NewSquare Capital LLC grew its holdings in NIKE by 372.0% during the 4th quarter. NewSquare Capital LLC now owns 354 shares of the footwear maker’s stock worth $38,000 after acquiring an additional 279 shares in the last quarter. Finally, Raleigh Capital Management Inc. increased its position in NIKE by 134.2% during the 3rd quarter. Raleigh Capital Management Inc. now owns 377 shares of the footwear maker’s stock valued at $36,000 after purchasing an additional 216 shares during the period. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

NIKE Trading Down 0.2 %

NKE traded down $0.20 on Thursday, reaching $93.39. 6,429,058 shares of the company’s stock were exchanged, compared to its average volume of 9,151,133. The company has a market cap of $140.96 billion, a price-to-earnings ratio of 27.47, a PEG ratio of 1.78 and a beta of 1.07. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74. NIKE, Inc. has a twelve month low of $88.66 and a twelve month high of $126.46. The company’s 50 day moving average is $95.07 and its 200-day moving average is $102.84.

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

NIKE Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on NKE. The Goldman Sachs Group dropped their price objective on shares of NIKE from $135.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Wells Fargo & Company cut their price target on NIKE from $125.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. Bank of America upgraded NIKE from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $110.00 to $113.00 in a research note on Thursday, April 11th. Telsey Advisory Group reduced their target price on shares of NIKE from $140.00 to $120.00 and set an “outperform” rating for the company in a report on Monday, March 18th. Finally, Barclays lowered their price target on shares of NIKE from $142.00 to $114.00 and set an “overweight” rating on the stock in a report on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, NIKE presently 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.