NIKE, Inc. (NYSE:NKE) Shares Bought by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC raised its stake in shares of NIKE, Inc. (NYSE:NKE) by 13.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 12,815 shares of the footwear maker’s stock after buying an additional 1,535 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in NIKE were worth $1,396,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Excalibur Management Corp boosted its holdings in NIKE by 1.9% in the third quarter. Excalibur Management Corp now owns 5,148 shares of the footwear maker’s stock worth $492,000 after purchasing an additional 98 shares during the period. Jeppson Wealth Management LLC raised its position in shares of NIKE by 4.5% during the 3rd quarter. Jeppson Wealth Management LLC now owns 2,315 shares of the footwear maker’s stock worth $221,000 after purchasing an additional 100 shares during the period. Cairn Investment Group Inc. lifted its holdings in shares of NIKE by 4.2% in the 3rd quarter. Cairn Investment Group Inc. now owns 2,500 shares of the footwear maker’s stock worth $239,000 after purchasing an additional 100 shares during the last quarter. Tiemann Investment Advisors LLC grew its position in NIKE by 3.1% in the 3rd quarter. Tiemann Investment Advisors LLC now owns 3,340 shares of the footwear maker’s stock worth $319,000 after purchasing an additional 100 shares during the last quarter. Finally, Piscataqua Savings Bank lifted its stake in shares of NIKE by 2.1% in the 4th quarter. Piscataqua Savings Bank now owns 4,861 shares of the footwear maker’s stock worth $528,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NKE. Wedbush reissued an “outperform” rating and issued a $115.00 price target on shares of NIKE in a research note on Tuesday. Wells Fargo & Company cut their target price on NIKE from $125.00 to $120.00 and set an “overweight” rating on the stock in a report on Friday, March 22nd. Stifel Nicolaus dropped their target price on shares of NIKE from $129.00 to $117.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Barclays cut their price objective on NIKE from $142.00 to $114.00 and set an “overweight” rating for the company in a research report on Monday, March 25th. Finally, Evercore ISI cut 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. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $116.26.

NIKE Stock Performance

NYSE NKE traded up $1.21 during mid-day trading on Thursday, reaching $91.55. 1,979,453 shares of the stock were exchanged, compared to its average volume of 9,256,841. The business’s 50 day moving average is $96.25 and its 200-day moving average is $103.19. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74. NIKE, Inc. has a 1 year low of $88.66 and a 1 year high of $128.38. The company has a market capitalization of $138.18 billion, a P/E ratio of 26.91, a P/E/G ratio of 1.78 and a beta of 1.07.

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

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were paid a $0.37 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.48 dividend on an annualized basis and a yield of 1.62%. NIKE’s dividend payout ratio is presently 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.