8,665 Shares in NIKE, Inc. $NKE Acquired by Twin Capital Management Inc.

Twin Capital Management Inc. bought a new stake in NIKE, Inc. (NYSE:NKE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,665 shares of the footwear maker’s stock, valued at approximately $604,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NKE. Twin Peaks Wealth Advisors LLC purchased a new position in NIKE in the second quarter valued at $31,000. Guerra Advisors Inc acquired a new position in shares of NIKE during the 3rd quarter worth about $34,000. NewSquare Capital LLC boosted its position in shares of NIKE by 54.4% during the 2nd quarter. NewSquare Capital LLC now owns 732 shares of the footwear maker’s stock worth $52,000 after acquiring an additional 258 shares in the last quarter. Field & Main Bank increased its holdings in shares of NIKE by 36.4% in the 2nd quarter. Field & Main Bank now owns 750 shares of the footwear maker’s stock valued at $53,000 after acquiring an additional 200 shares during the last quarter. Finally, Financial Consulate Inc. acquired a new stake in shares of NIKE during the 3rd quarter worth about $57,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Trading Up 1.9%

Shares of NIKE stock opened at $63.91 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.06. The company has a market capitalization of $94.61 billion, a P/E ratio of 37.59, a PEG ratio of 3.27 and a beta of 1.27. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $82.44. The company’s fifty day moving average is $63.85 and its two-hundred day moving average is $68.30.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, December 18th. The footwear maker reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.16. The business had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.19 billion. NIKE had a net margin of 5.43% and a return on equity of 18.43%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.78 earnings per share. Analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 1st were issued a $0.41 dividend. The ex-dividend date of this dividend was Monday, December 1st. This is an increase from NIKE’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.6%. NIKE’s dividend payout ratio is presently 96.47%.

Insider Buying and Selling

In other news, Director Robert Holmes Swan acquired 8,691 shares of the business’s stock in a transaction on Monday, December 22nd. The stock was bought at an average price of $57.54 per share, for a total transaction of $500,080.14. Following the transaction, the director owned 43,293 shares in the company, valued at $2,491,079.22. This represents a 25.12% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Elliott Hill bought 16,388 shares of the stock in a transaction dated Monday, December 29th. The stock was purchased at an average cost of $61.10 per share, for a total transaction of $1,001,306.80. Following the acquisition, the chief executive officer owned 241,587 shares of the company’s stock, valued at approximately $14,760,965.70. This represents a 7.28% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 75,079 shares of company stock worth $4,449,887 over the last three months. 0.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on NKE shares. Weiss Ratings raised NIKE from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. Oppenheimer restated an “outperform” rating on shares of NIKE in a report on Wednesday, December 17th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of NIKE in a research report on Wednesday, January 21st. UBS Group reissued a “neutral” rating on shares of NIKE in a research report on Monday, January 5th. Finally, BNP Paribas Exane decreased their price objective on shares of NIKE from $38.00 to $35.00 and set an “underperform” rating for the company in a research note on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.61.

NIKE Profile

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).