Atticus Wealth Management LLC boosted its position in shares of NIKE, Inc. (NYSE:NKE – Get Rating) by 16.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 697 shares of the footwear maker shares’s stock after acquiring an additional 96 during the period. Atticus Wealth Management LLC’s holdings in NIKE were worth $94,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Aquire Wealth Advisors LLC purchased a new stake in NIKE during the fourth quarter valued at approximately $26,000. Retirement Planning Co of New England Inc. Purchased a new stake in NIKE during the fourth quarter valued at approximately $26,000. Horan Securities Inc. A new stake in NIKE during the fourth quarter valued at approximately $29,000. Sycomore Asset Management purchased a new stake in NIKE during the fourth quarter valued at approximately $31,000. Finally, Alpha Paradigm Partners LLC purchased a new stake in NIKE during the fourth quarter valued at approximately $31,000. 65.35% of the stock is owned by institutional investors.
Shares of NYSE:NKE opened at $112.91 on Monday. NIKE, Inc. has a 52-week low of $103.46 and a 52-week high of $179.10. The stock has a market cap of $177.69 billion, a P/E ratio of 29.79, a price-to-earnings-growth ratio of 1.95 and a beta of 0.96. The business’s 50 day moving average is $116.80 and its 200 day moving average is $134.17. The company has a quick ratio of 2.18, a current ratio of 3.06 and a debt-to-equity ratio of 0.64.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Monday, June 6th will be given a dividend of $0.305 per share. The ex-dividend date of this dividend is Friday, June 3rd. This represents a $1.22 annualized dividend and a yield of 1.08%. NIKE’s dividend payout ratio (DPR) is presently 32.19%.
A number of equities research analysts have issued reports on the company. Jefferies Financial Group decreased their objective price on NIKE from $200.00 to $185.00 and set a “buy” rating on the stock in a research report on Wednesday, March 16th. Trust Financial upped their price objective on NIKE from $164.00 to $176.00 in a research report on Tuesday, March 22nd. Credit Suisse Group reduced their price target on NIKE from $165.00 to $130.00 and set an “outperform” rating on the stock in a report on Thursday. StockNews.com started coverage on NIKE in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Wells Fargo & Company reduced their price target on NIKE from $165.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 1st. Eight equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $154.04.
In other NIKE news, COO Andrew Campion sold 14,203 shares of the stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $120.61, for a total transaction of $1,713,023.83. Following the sale, the chief operating officer now owns 73,795 shares of the company’s stock, valued at approximately $8,900,414.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Matthew Friend sold 9,032 shares of the stock in a transaction on Monday, June 13th. The shares were sold at an average price of $110.52, for a total value of $998,216.64. Following the sale, the chief financial officer now directly owns 51,581 shares in the company, valued at approximately $5,700,732.12. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.
NIKE Company Profile (Get Rating)
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories, including running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other outdoor activities; and apparel with licensed college and professional team, and league logos, as well as sells sports apparel.
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