NIKE, Inc. $NKE Shares Acquired by Sigma Planning Corp

Sigma Planning Corp grew its position in NIKE, Inc. (NYSE:NKE) by 102.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,067 shares of the footwear maker’s stock after purchasing an additional 16,202 shares during the quarter. Sigma Planning Corp’s holdings in NIKE were worth $2,043,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Activest Wealth Management raised its holdings in shares of NIKE by 27.4% in the 4th quarter. Activest Wealth Management now owns 810 shares of the footwear maker’s stock valued at $52,000 after purchasing an additional 174 shares in the last quarter. Delta Investment Management LLC raised its holdings in shares of NIKE by 51.6% in the 4th quarter. Delta Investment Management LLC now owns 5,716 shares of the footwear maker’s stock valued at $364,000 after purchasing an additional 1,945 shares in the last quarter. Bell & Brown Wealth Advisors LLC raised its holdings in shares of NIKE by 4.5% in the 4th quarter. Bell & Brown Wealth Advisors LLC now owns 35,937 shares of the footwear maker’s stock valued at $2,290,000 after purchasing an additional 1,542 shares in the last quarter. Caldwell Sutter Capital Inc. raised its holdings in shares of NIKE by 7.6% in the 4th quarter. Caldwell Sutter Capital Inc. now owns 2,402 shares of the footwear maker’s stock valued at $153,000 after purchasing an additional 170 shares in the last quarter. Finally, Smart Portfolios LLC raised its holdings in shares of NIKE by 4.2% in the 4th quarter. Smart Portfolios LLC now owns 6,485 shares of the footwear maker’s stock valued at $413,000 after purchasing an additional 260 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Stock Up 0.2%

NKE stock opened at $44.46 on Friday. NIKE, Inc. has a one year low of $42.09 and a one year high of $80.17. The stock has a market capitalization of $65.85 billion, a PE ratio of 29.45, a price-to-earnings-growth ratio of 2.36 and a beta of 1.12. 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 has a fifty day moving average of $51.39 and a 200-day moving average of $59.70.

NIKE (NYSE:NKE) last released its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 EPS for the quarter, topping the consensus estimate of $0.29 by $0.06. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The company had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.23 billion. During the same quarter last year, the business earned $0.54 EPS. The business’s revenue was up .1% on a year-over-year basis. As a group, analysts expect that NIKE, Inc. will post 1.51 EPS for the current year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Monday, March 2nd. NIKE’s dividend payout ratio (DPR) is 108.61%.

Insider Activity

In other news, Director Robert Holmes Swan bought 11,781 shares of NIKE stock in a transaction dated Tuesday, April 7th. The stock was bought at an average price of $42.44 per share, for a total transaction of $499,985.64. Following the purchase, the director owned 55,074 shares of the company’s stock, valued at approximately $2,337,340.56. The trade was a 27.21% 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 acquired 23,660 shares of NIKE stock in a transaction that occurred on Monday, April 13th. The stock was bought at an average price of $42.27 per share, with a total value of $1,000,108.20. Following the purchase, the chief executive officer directly owned 265,247 shares of the company’s stock, valued at approximately $11,211,990.69. This trade represents a 9.79% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 64,441 shares of company stock worth $2,734,204 over the last quarter. Insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

NKE has been the topic of a number of recent analyst reports. DA Davidson downgraded shares of NIKE from a “buy” rating to a “neutral” rating and dropped their target price for the company from $72.00 to $46.00 in a research report on Thursday, April 2nd. China Renaissance dropped their target price on shares of NIKE from $74.60 to $50.30 and set a “hold” rating on the stock in a research report on Thursday, April 2nd. DZ Bank reaffirmed a “buy” rating on shares of NIKE in a research report on Tuesday, April 21st. CICC Research downgraded shares of NIKE from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $69.00 to $58.00 in a research report on Monday, April 6th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of NIKE in a research report on Monday, April 13th. Seventeen equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $62.34.

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).