NIKE, Inc. (NYSE:NKE) Shares Purchased by Oak Asset Management LLC

Oak Asset Management LLC boosted its position in shares of NIKE, Inc. (NYSE:NKE) by 20.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 24,336 shares of the footwear maker’s stock after acquiring an additional 4,130 shares during the quarter. Oak Asset Management LLC’s holdings in NIKE were worth $1,842,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Prosperity Consulting Group LLC lifted its stake in NIKE by 12.9% during the 2nd quarter. Prosperity Consulting Group LLC now owns 3,309 shares of the footwear maker’s stock valued at $249,000 after acquiring an additional 379 shares during the period. J.W. Cole Advisors Inc. lifted its position in NIKE by 5.1% during the second quarter. J.W. Cole Advisors Inc. now owns 11,171 shares of the footwear maker’s stock valued at $842,000 after purchasing an additional 543 shares during the period. Quilter Plc boosted its holdings in NIKE by 10.0% in the second quarter. Quilter Plc now owns 389,224 shares of the footwear maker’s stock valued at $29,336,000 after purchasing an additional 35,277 shares during the last quarter. Fairfield Financial Advisors LTD acquired a new stake in NIKE during the 2nd quarter worth about $102,000. Finally, Marble Harbor Investment Counsel LLC raised its stake in shares of NIKE by 2.0% during the 2nd quarter. Marble Harbor Investment Counsel LLC now owns 8,835 shares of the footwear maker’s stock valued at $666,000 after buying an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insider Transactions at NIKE

In other news, Director John W. Rogers, Jr. purchased 2,500 shares of the stock in a transaction dated Friday, December 27th. The stock was acquired at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the transaction, the director now directly owns 34,403 shares in the company, valued at approximately $2,636,989.95. This represents a 7.84 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Sanford C. Bernstein lowered their target price on NIKE from $112.00 to $109.00 and set an “outperform” rating on the stock in a research note on Thursday, September 19th. TD Cowen lowered their price objective on NIKE from $78.00 to $73.00 and set a “hold” rating on the stock in a research report on Monday, November 18th. Wells Fargo & Company cut their target price on shares of NIKE from $95.00 to $92.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Jefferies Financial Group increased their price target on shares of NIKE from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Monday, September 30th. Finally, Barclays dropped their price target on shares of NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Fourteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, NIKE has a consensus rating of “Moderate Buy” and a consensus target price of $89.96.

NIKE Trading Up 1.3 %

Shares of NKE opened at $72.16 on Tuesday. NIKE, Inc. has a 12-month low of $70.75 and a 12-month high of $107.43. The firm has a market capitalization of $106.73 billion, a P/E ratio of 20.68, a P/E/G ratio of 1.89 and a beta of 1.02. The firm has a 50-day moving average price of $76.19 and a 200 day moving average price of $78.09. The company has a current ratio of 2.36, a quick ratio of 1.58 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.15. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The business had revenue of $12.35 billion during the quarter, compared to the consensus estimate of $12.11 billion. During the same quarter last year, the firm earned $1.03 EPS. The business’s revenue was down 7.7% compared to the same quarter last year. Sell-side analysts forecast that NIKE, Inc. will post 2.72 EPS for the current year.

NIKE Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Monday, December 2nd. This is a positive change from NIKE’s previous quarterly dividend of $0.37. NIKE’s dividend payout ratio is 49.38%.

NIKE 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.