NIKE, Inc. (NYSE:NKE) Shares Purchased by Lafayette Investments Inc.

Lafayette Investments Inc. increased its position in shares of NIKE, Inc. (NYSE:NKE) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,147 shares of the footwear maker’s stock after acquiring an additional 1,763 shares during the quarter. Lafayette Investments Inc.’s holdings in NIKE were worth $2,296,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of NKE. Impact Partnership Wealth LLC boosted its holdings in shares of NIKE by 220.7% in the 3rd quarter. Impact Partnership Wealth LLC now owns 263 shares of the footwear maker’s stock valued at $25,000 after purchasing an additional 181 shares during the last quarter. Iron Horse Wealth Management LLC boosted its holdings in shares of NIKE by 120.7% in the 4th quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock valued at $28,000 after purchasing an additional 140 shares during the last quarter. Planned Solutions Inc. acquired a new position in shares of NIKE in the 4th quarter valued at $29,000. Financial Freedom LLC acquired a new position in shares of NIKE in the 4th quarter valued at $29,000. Finally, Worth Asset Management LLC acquired a new position in shares of NIKE in the 1st quarter valued at $32,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analyst Ratings Changes

NKE has been the topic of a number of research reports. Morgan Stanley cut their target price on shares of NIKE from $124.00 to $116.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 27th. HSBC cut their target price on shares of NIKE from $120.00 to $115.00 and set a “hold” rating on the stock in a research note on Monday, January 22nd. TD Cowen reissued a “market perform” rating and issued a $104.00 target price (down previously from $129.00) on shares of NIKE in a research note on Friday, December 22nd. Sanford C. Bernstein cut their target price on shares of NIKE from $134.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Finally, Williams Trading reaffirmed a “sell” rating and set a $85.00 price target (down previously from $92.00) on shares of NIKE in a research note on Monday, March 18th. Two equities 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 stock. Based on data from MarketBeat.com, NIKE currently has a consensus rating of “Moderate Buy” and an average price target of $116.26.

NIKE Stock Performance

Shares of NYSE NKE traded up $0.30 during trading hours on Friday, hitting $96.04. 3,532,427 shares of the stock were exchanged, compared to its average volume of 9,495,618. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89. The company’s 50 day moving average is $98.31 and its 200 day moving average is $103.37. The firm has a market capitalization of $144.96 billion, a P/E ratio of 28.21, a P/E/G ratio of 1.83 and a beta of 1.08. NIKE, Inc. has a one year low of $88.66 and a one year high of $128.68.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.29. The business 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, research analysts expect that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Friday, March 1st. 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.