Game Plan Financial Advisors LLC Raises Stock Holdings in NIKE, Inc. (NYSE:NKE)

Game Plan Financial Advisors LLC boosted its holdings in NIKE, Inc. (NYSE:NKE) by 11.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,500 shares of the footwear maker’s stock after purchasing an additional 150 shares during the quarter. Game Plan Financial Advisors LLC’s holdings in NIKE were worth $114,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in NKE. JNBA Financial Advisors increased its stake in NIKE by 1.3% during the fourth quarter. JNBA Financial Advisors now owns 10,045 shares of the footwear maker’s stock worth $760,000 after acquiring an additional 131 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of NIKE in the 4th quarter worth approximately $4,342,000. Allworth Financial LP grew its position in shares of NIKE by 96.8% in the 4th quarter. Allworth Financial LP now owns 24,458 shares of the footwear maker’s stock worth $1,811,000 after acquiring an additional 12,027 shares in the last quarter. TigerOak Management L.L.C. acquired a new position in NIKE during the 4th quarter valued at approximately $495,000. Finally, Roxbury Financial LLC acquired a new position in NIKE during the 4th quarter valued at approximately $30,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director John W. Rogers, Jr. bought 2,500 shares of the stock in a transaction that occurred on Friday, December 27th. The shares were bought 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 owns 34,403 shares of the company’s stock, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

NIKE Price Performance

NKE stock opened at $73.02 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. NIKE, Inc. has a 52 week low of $68.62 and a 52 week high of $107.34. The firm’s fifty day moving average is $74.46 and its 200 day moving average is $78.00. The firm has a market cap of $108.00 billion, a P/E ratio of 22.54, a P/E/G ratio of 2.34 and a beta of 1.01.

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

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE’s payout ratio is 49.38%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Guggenheim reaffirmed a “buy” rating and set a $110.00 target price on shares of NIKE in a research note on Wednesday. Telsey Advisory Group reissued a “market perform” rating and issued a $80.00 price objective on shares of NIKE in a research note on Thursday, February 6th. Barclays decreased their target price on NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Citigroup cut NIKE from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $102.00 to $72.00 in a report on Friday, February 7th. Finally, UBS Group reiterated a “neutral” rating and set a $73.00 price target on shares of NIKE in a report on Thursday, December 26th. Fifteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, NIKE presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.62.

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.