Delaney Dennis R Has $2.42 Million Stake in NIKE, Inc. (NYSE:NKE)

Delaney Dennis R increased its stake in shares of NIKE, Inc. (NYSE:NKEFree Report) by 11.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,246 shares of the footwear maker’s stock after buying an additional 2,325 shares during the quarter. NIKE comprises approximately 1.4% of Delaney Dennis R’s investment portfolio, making the stock its 28th biggest position. Delaney Dennis R’s holdings in NIKE were worth $2,415,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Iron Horse Wealth Management LLC lifted its stake in NIKE by 120.7% during the fourth 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 last quarter. Planned Solutions Inc. bought a new stake in NIKE during the fourth quarter worth $29,000. Frank Rimerman Advisors LLC bought a new stake in NIKE during the fourth quarter worth $33,000. Gold Investment Management Ltd. bought a new position in shares of NIKE in the 4th quarter valued at $36,000. Finally, Mizuho Securities Co. Ltd. lifted its stake in shares of NIKE by 100.0% in the 4th quarter. Mizuho Securities Co. Ltd. now owns 340 shares of the footwear maker’s stock valued at $37,000 after acquiring an additional 170 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analyst Upgrades and Downgrades

NKE has been the subject of several analyst reports. The Goldman Sachs Group lowered their target price on NIKE from $135.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Citigroup lowered their target price on NIKE from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, March 14th. Bank of America raised NIKE from a “neutral” rating to a “buy” rating and raised their target price for the stock from $110.00 to $113.00 in a research report on Thursday, April 11th. Evercore ISI decreased their price target on NIKE from $127.00 to $117.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Finally, UBS Group decreased their price target on NIKE from $138.00 to $125.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Two research 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $116.26.

Get Our Latest Stock Report on NIKE

NIKE Stock Up 0.9 %

NIKE stock traded up $0.83 during trading on Friday, reaching $96.55. The stock had a trading volume of 9,397,364 shares, compared to its average volume of 9,098,210. NIKE, Inc. has a 52-week low of $88.66 and a 52-week high of $123.39. The business has a 50 day moving average price of $92.71 and a 200 day moving average price of $101.03. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63. The stock has a market cap of $145.73 billion, a PE ratio of 28.40, a P/E/G ratio of 1.74 and a beta of 1.05.

NIKE (NYSE:NKEGet Free Report) last issued its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. The company 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%. On average, analysts predict that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be issued a $0.37 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.53%. NIKE’s payout ratio is 43.53%.

Insider Buying and Selling at NIKE

In other NIKE news, Chairman Mark G. Parker sold 168,378 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $93.14, for a total value of $15,682,726.92. Following the transaction, the chairman now directly owns 1,102,090 shares of the company’s stock, valued at approximately $102,648,662.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Monique S. Matheson sold 45,000 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 44,997 shares in the company, valued at approximately $4,236,917.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Mark G. Parker sold 168,378 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $93.14, for a total transaction of $15,682,726.92. Following the completion of the transaction, the chairman now owns 1,102,090 shares in the company, valued at $102,648,662.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 213,660 shares of company stock valued at $19,946,333. 0.50% of the stock is owned by company insiders.

About NIKE

(Free Report)

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.

See Also

Want to see what other hedge funds are holding NKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NIKE, Inc. (NYSE:NKEFree Report).

Institutional Ownership by Quarter for NIKE (NYSE:NKE)

Receive News & Ratings for NIKE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NIKE and related companies with MarketBeat.com's FREE daily email newsletter.