Vantage Investment Partners LLC Has $37.13 Million Stock Holdings in NIKE, Inc. $NKE

Vantage Investment Partners LLC increased its holdings in shares of NIKE, Inc. (NYSE:NKE) by 2.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 582,823 shares of the footwear maker’s stock after buying an additional 12,339 shares during the period. NIKE comprises approximately 2.5% of Vantage Investment Partners LLC’s portfolio, making the stock its 18th largest position. Vantage Investment Partners LLC’s holdings in NIKE were worth $37,132,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in NKE. Guerra Advisors Inc acquired a new stake in NIKE during the 3rd quarter worth approximately $34,000. Gordian Capital Singapore Pte Ltd acquired a new stake in NIKE during the 3rd quarter worth approximately $35,000. Accredited Wealth Management LLC boosted its position in NIKE by 268.6% during the 3rd quarter. Accredited Wealth Management LLC now owns 516 shares of the footwear maker’s stock worth $36,000 after buying an additional 376 shares during the period. Matrix Trust Co lifted its position in shares of NIKE by 43.6% in the 4th quarter. Matrix Trust Co now owns 596 shares of the footwear maker’s stock worth $38,000 after purchasing an additional 181 shares during the period. Finally, Ares Financial Consulting LLC acquired a new position in shares of NIKE in the 4th quarter worth approximately $40,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on NKE shares. Wall Street Zen upgraded shares of NIKE from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. The Goldman Sachs Group restated a “neutral” rating and issued a $52.00 price target (down from $76.00) on shares of NIKE in a research report on Wednesday, April 1st. Robert W. Baird dropped their price target on shares of NIKE from $85.00 to $70.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 1st. Stifel Nicolaus dropped their price target on shares of NIKE from $65.00 to $56.00 and set a “hold” rating on the stock in a research report on Wednesday, April 1st. Finally, Royal Bank Of Canada restated a “buy” rating on shares of NIKE in a research report on Wednesday, April 1st. Sixteen investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $62.04.

NIKE Stock Up 0.7%

Shares of NYSE NKE opened at $44.70 on Friday. The company has a market capitalization of $66.20 billion, a P/E ratio of 29.60, a price-to-earnings-growth ratio of 2.35 and a beta of 1.12. NIKE, Inc. has a 52-week low of $41.35 and a 52-week high of $80.17. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.45 and a current ratio of 2.14. The company’s 50 day moving average price is $46.59 and its 200-day moving average price is $57.32.

NIKE (NYSE:NKE) last released its quarterly earnings data on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.06. The company had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.23 billion. NIKE had a net margin of 4.84% and a return on equity of 16.41%. NIKE’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 EPS. Equities analysts forecast that NIKE, Inc. will post 1.51 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be paid a $0.41 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.64 annualized dividend and a dividend yield of 3.7%. NIKE’s payout ratio is currently 108.61%.

Insider Activity at NIKE

In related news, Director John W. Rogers, Jr. acquired 4,000 shares of the stock in a transaction dated Thursday, April 9th. The stock was bought at an average price of $43.34 per share, for a total transaction of $173,360.00. Following the purchase, the director directly owned 41,022 shares of the company’s stock, valued at $1,777,893.48. The trade was a 10.80% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Timothy D. Cook acquired 25,000 shares of the stock in a transaction dated Friday, April 10th. The stock was bought at an average price of $42.43 per share, with a total value of $1,060,750.00. Following the purchase, the director directly owned 130,480 shares in the company, valued at $5,536,266.40. This represents a 23.70% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have purchased 64,441 shares of company stock worth $2,734,204. 0.80% of the stock is owned by insiders.

NIKE Company 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).