Wade G W & Inc. Purchases 2,631 Shares of NIKE, Inc. (NYSE:NKE)

Wade G W & Inc. boosted its position in NIKE, Inc. (NYSE:NKE – Get Rating) by 8.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,960 shares of the footwear maker’s stock after purchasing an additional 2,631 shares during the period. Wade G W & Inc.’s holdings in NIKE were worth $3,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in NKE. Accel Wealth Management raised its stake in shares of NIKE by 80.6% during the fourth quarter. Accel Wealth Management now owns 224 shares of the footwear maker’s stock valued at $26,000 after acquiring an additional 100 shares in the last quarter. Legend Financial Advisors Inc. raised its stake in shares of NIKE by 164.8% during the fourth quarter. Legend Financial Advisors Inc. now owns 241 shares of the footwear maker’s stock valued at $28,000 after acquiring an additional 150 shares in the last quarter. Iron Horse Wealth Management LLC raised its stake in shares of NIKE by 27,300.0% during the fourth quarter. Iron Horse Wealth Management LLC now owns 274 shares of the footwear maker’s stock valued at $32,000 after acquiring an additional 273 shares in the last quarter. Beacon Capital Management LLC raised its stake in shares of NIKE by 157.7% during the fourth quarter. Beacon Capital Management LLC now owns 286 shares of the footwear maker’s stock valued at $33,000 after acquiring an additional 175 shares in the last quarter. Finally, VitalStone Financial LLC bought a new stake in shares of NIKE during the fourth quarter valued at approximately $34,000. Institutional investors own 63.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. OTR Global raised shares of NIKE from a “mixed” rating to a “positive” rating in a research note on Friday, March 10th. StockNews.com assumed coverage on shares of NIKE in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Citigroup lifted their price target on shares of NIKE from $115.00 to $125.00 and gave the stock a “neutral” rating in a report on Wednesday, March 22nd. Morgan Stanley cut their price target on shares of NIKE from $140.00 to $130.00 and set an “overweight” rating on the stock in a report on Tuesday, March 28th. Finally, Stifel Nicolaus lifted their price target on shares of NIKE from $132.00 to $143.00 and gave the stock a “buy” rating in a report on Wednesday, March 22nd. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat.com, NIKE has an average rating of “Moderate Buy” and an average target price of $134.33.

NIKE Price Performance

Shares of NYSE NKE traded up $0.54 during midday trading on Friday, hitting $108.02. The company had a trading volume of 2,527,847 shares, compared to its average volume of 5,995,327. The company has a quick ratio of 1.79, a current ratio of 2.73 and a debt-to-equity ratio of 0.61. NIKE, Inc. has a twelve month low of $82.22 and a twelve month high of $131.31. The business has a 50-day simple moving average of $121.66 and a two-hundred day simple moving average of $118.54. The firm has a market capitalization of $166.03 billion, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of 3.14 and a beta of 1.11.

NIKE (NYSE:NKE – Get Rating) last posted its quarterly earnings data on Tuesday, March 21st. The footwear maker reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.24. The business had revenue of $12.40 billion during the quarter, compared to analyst estimates of $11.48 billion. NIKE had a net margin of 10.82% and a return on equity of 35.98%. The company’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.87 earnings per share. Equities research analysts anticipate that NIKE, Inc. will post 3.24 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Monday, June 5th will be issued a $0.34 dividend. The ex-dividend date is Friday, June 2nd. This represents a $1.36 dividend on an annualized basis and a yield of 1.26%. NIKE’s payout ratio is 39.19%.

Insider Activity at NIKE

In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $120.86, for a total transaction of $13,294,600.00. Following the completion of the sale, the chairman now directly owns 1,355,871 shares in the company, valued at $163,870,569.06. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Chairman Mark G. Parker sold 110,000 shares of the business’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $120.86, for a total transaction of $13,294,600.00. Following the transaction, the chairman now directly owns 1,355,871 shares of the company’s stock, valued at $163,870,569.06. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Johanna Nielsen sold 282 shares of the business’s stock in a transaction on Monday, April 17th. The stock was sold at an average price of $126.03, for a total transaction of $35,540.46. Following the transaction, the vice president now directly owns 3,518 shares in the company, valued at $443,373.54. The disclosure for this sale can be found here. Over the last three months, insiders sold 220,282 shares of company stock worth $26,447,640. 0.40% of the stock is owned by company insiders.

NIKE Company Profile

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NIKE, Inc engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America, Europe, Middle East & Africa, Greater China, Asia Pacific & Latin America, Global Brand Divisions, Converse, and Corporate.