IFP Advisors Inc Has $894,000 Holdings in NIKE, Inc. (NYSE:NKE)

IFP Advisors Inc boosted its holdings in NIKE, Inc. (NYSE:NKE) by 17.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,806 shares of the footwear maker’s stock after purchasing an additional 1,789 shares during the quarter. IFP Advisors Inc’s holdings in NIKE were worth $894,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of NKE. B&D White Capital Company LLC acquired a new stake in shares of NIKE in the fourth quarter valued at approximately $499,000. South Dakota Investment Council raised its holdings in NIKE by 11.3% in the 4th quarter. South Dakota Investment Council now owns 69,953 shares of the footwear maker’s stock valued at $5,293,000 after acquiring an additional 7,114 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in NIKE in the 4th quarter valued at $496,000. Delta Financial Group Inc. bought a new stake in shares of NIKE during the 4th quarter valued at $567,000. Finally, Ascent Wealth Partners LLC grew its holdings in shares of NIKE by 10.3% during the 4th quarter. Ascent Wealth Partners LLC now owns 4,436 shares of the footwear maker’s stock worth $336,000 after purchasing an additional 415 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. TD Cowen dropped their price target on NIKE from $78.00 to $73.00 and set a “hold” rating for the company in a research note on Monday, November 18th. DA Davidson upgraded shares of NIKE to a “strong-buy” rating in a research report on Monday, December 23rd. JPMorgan Chase & Co. reduced their price target on shares of NIKE from $77.00 to $73.00 and set a “neutral” rating on the stock in a research report on Monday, December 2nd. Guggenheim restated a “buy” rating and set a $110.00 price objective on shares of NIKE in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company cut their target price on NIKE from $95.00 to $92.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Fourteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $89.77.

NIKE Stock Performance

NYSE NKE opened at $79.86 on Friday. The company has a market capitalization of $118.13 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 2.52 and a beta of 1.01. NIKE, Inc. has a twelve month low of $68.62 and a twelve month high of $105.57. The stock has a fifty day simple moving average of $74.59 and a 200 day simple moving average of $78.29. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.15. The company had revenue of $12.35 billion during the quarter, compared to analysts’ expectations of $12.11 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.03 earnings per share. Sell-side analysts expect that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 annualized dividend and a yield of 2.00%. NIKE’s payout ratio is 49.38%.

Insider Transactions at NIKE

In other news, Director John W. Rogers, Jr. bought 2,500 shares of the stock in a transaction that occurred on Friday, December 27th. The stock was acquired at an average price of $76.65 per share, with a total value of $191,625.00. Following the completion of the purchase, the director now directly owns 34,403 shares of the company’s stock, valued at approximately $2,636,989.95. This represents a 7.84 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Mark G. Parker sold 169,732 shares of the company’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the sale, the chairman now directly owns 896,632 shares in the company, valued at $65,301,708.56. This trade represents a 15.92 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

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.