Private Advisor Group LLC Has $6.53 Million Stake in NIKE, Inc. (NYSE:NKE)

Private Advisor Group LLC grew its stake in shares of NIKE, Inc. (NYSE:NKE) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,176 shares of the footwear maker’s stock after purchasing an additional 3,374 shares during the period. Private Advisor Group LLC’s holdings in NIKE were worth $6,533,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC boosted its holdings in NIKE by 0.7% in the 3rd quarter. FMR LLC now owns 18,502,409 shares of the footwear maker’s stock worth $1,769,200,000 after buying an additional 125,746 shares during the period. Northern Trust Corp grew its holdings in NIKE by 4.5% in the 3rd quarter. Northern Trust Corp now owns 15,557,676 shares of the footwear maker’s stock worth $1,487,625,000 after acquiring an additional 674,198 shares during the last quarter. Fisher Asset Management LLC grew its holdings in NIKE by 2.3% in the 4th quarter. Fisher Asset Management LLC now owns 9,887,769 shares of the footwear maker’s stock worth $1,073,515,000 after acquiring an additional 219,091 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in NIKE by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,200,932 shares of the footwear maker’s stock worth $766,829,000 after acquiring an additional 89,947 shares during the last quarter. Finally, Newport Trust Company LLC bought a new stake in shares of NIKE during the 3rd quarter valued at about $679,775,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Trading Down 0.8 %

NKE traded down $0.72 on Wednesday, hitting $93.06. The company had a trading volume of 773,158 shares, compared to its average volume of 9,130,506. The firm has a market cap of $140.46 billion, a P/E ratio of 27.53, a PEG ratio of 1.78 and a beta of 1.07. NIKE, Inc. has a 1 year low of $88.66 and a 1 year high of $126.46. The company’s fifty day moving average price is $95.28 and its 200 day moving average price is $102.91. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.29. The firm had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. As a group, equities analysts expect that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.59%. NIKE’s dividend payout ratio (DPR) is presently 43.53%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NKE shares. UBS Group lowered their price target on shares of NIKE from $138.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Stifel Nicolaus dropped their price target on shares of NIKE from $129.00 to $117.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Robert W. Baird lowered their target price on shares of NIKE from $140.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Telsey Advisory Group lowered their target price on shares of NIKE from $140.00 to $120.00 and set an “outperform” rating on the stock in a report on Monday, March 18th. Finally, HSBC decreased their price target on shares of NIKE from $120.00 to $115.00 and set a “hold” rating on the stock in a research note on Monday, January 22nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $116.26.

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.