PDS Planning Inc Increases Stock Position in NIKE, Inc. (NYSE:NKE)

PDS Planning Inc lifted its holdings in NIKE, Inc. (NYSE:NKE) by 24.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,439 shares of the footwear maker’s stock after acquiring an additional 881 shares during the quarter. PDS Planning Inc’s holdings in NIKE were worth $482,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Newport Trust Company LLC purchased a new stake in NIKE during the third quarter valued at approximately $679,775,000. Flossbach Von Storch AG lifted its position in NIKE by 433.5% during the third quarter. Flossbach Von Storch AG now owns 4,128,587 shares of the footwear maker’s stock valued at $394,775,000 after acquiring an additional 3,354,677 shares during the last quarter. Van ECK Associates Corp lifted its position in NIKE by 117.0% during the third quarter. Van ECK Associates Corp now owns 2,986,441 shares of the footwear maker’s stock valued at $285,564,000 after acquiring an additional 1,610,273 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in NIKE by 37.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,791,531 shares of the footwear maker’s stock valued at $553,786,000 after acquiring an additional 1,583,541 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new stake in NIKE during the third quarter valued at approximately $97,724,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Trading Up 0.3 %

NKE stock traded up $0.24 during trading on Tuesday, reaching $94.43. 2,671,683 shares of the stock were exchanged, compared to its average volume of 9,509,204. NIKE, Inc. has a 1 year low of $88.66 and a 1 year high of $128.68. The firm has a market capitalization of $142.53 billion, a price-to-earnings ratio of 27.84, a P/E/G ratio of 1.82 and a beta of 1.09. The business has a 50 day moving average price of $97.85 and a 200-day moving average price of $103.46. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.29. The business had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. On average, research analysts predict that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.57%. The ex-dividend date was Friday, March 1st. NIKE’s dividend payout ratio (DPR) is presently 43.53%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on NKE shares. Williams Trading reissued a “sell” rating and set a $85.00 target price (down previously from $92.00) on shares of NIKE in a research report on Monday, March 18th. Jefferies Financial Group decreased their price target on shares of NIKE from $110.00 to $100.00 and set a “hold” rating for the company in a report on Friday, March 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $100.00 price target (down previously from $110.00) on shares of NIKE in a report on Friday, March 22nd. Barclays decreased their price target on shares of NIKE from $142.00 to $114.00 and set an “overweight” rating for the company in a report on Monday, March 25th. Finally, Oppenheimer cut shares of NIKE from an “outperform” rating to a “market perform” rating and set a $110.00 price target for the company. in a report on Friday, February 16th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, NIKE currently has an average rating of “Moderate Buy” and a consensus target price of $116.26.

NIKE Company Profile

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.