JB Capital LLC Has $2.78 Million Holdings in NIKE, Inc. (NYSE:NKE)

JB Capital LLC grew its holdings in NIKE, Inc. (NYSE:NKE) by 6.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 36,667 shares of the footwear maker’s stock after acquiring an additional 2,180 shares during the period. JB Capital LLC’s holdings in NIKE were worth $2,775,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in NKE. Chicago Capital LLC lifted its stake in shares of NIKE by 12.7% during the 4th quarter. Chicago Capital LLC now owns 8,869 shares of the footwear maker’s stock worth $671,000 after buying an additional 1,000 shares during the last quarter. FSM Wealth Advisors LLC raised its holdings in NIKE by 7.0% in the 4th quarter. FSM Wealth Advisors LLC now owns 5,290 shares of the footwear maker’s stock valued at $376,000 after acquiring an additional 345 shares during the period. Horst & Graben Wealth Management LLC lifted its position in NIKE by 3.2% during the fourth quarter. Horst & Graben Wealth Management LLC now owns 45,762 shares of the footwear maker’s stock worth $3,463,000 after acquiring an additional 1,411 shares during the last quarter. McAdam LLC boosted its holdings in shares of NIKE by 30.3% during the fourth quarter. McAdam LLC now owns 3,715 shares of the footwear maker’s stock worth $281,000 after acquiring an additional 863 shares during the period. Finally, Pacific Sage Partners LLC grew its position in shares of NIKE by 32.6% in the fourth quarter. Pacific Sage Partners LLC now owns 3,577 shares of the footwear maker’s stock valued at $271,000 after purchasing an additional 880 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director John W. Rogers, Jr. purchased 2,500 shares of NIKE stock in a transaction that occurred on Friday, December 27th. The stock was bought at an average price 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 in the company, valued at $2,636,989.95. This represents a 7.84 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on NKE shares. Morgan Stanley lowered their price objective on NIKE from $80.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. JPMorgan Chase & Co. lowered 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. Wells Fargo & Company cut their price objective on shares of NIKE from $95.00 to $92.00 and set an “overweight” rating for the company in a report on Monday, December 16th. TD Cowen lowered their target price on shares of NIKE from $78.00 to $73.00 and set a “hold” rating on the stock in a report on Monday, November 18th. Finally, Barclays cut their price target on NIKE from $79.00 to $70.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. Fourteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, NIKE presently has a consensus rating of “Moderate Buy” and an average price target of $89.96.

NIKE Stock Performance

NKE opened at $76.82 on Monday. NIKE, Inc. has a 1-year low of $70.32 and a 1-year high of $107.43. The company has a market cap of $113.62 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 2.50 and a beta of 1.01. The company’s fifty day moving average price is $75.60 and its two-hundred day moving average price is $78.03. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57.

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

NIKE Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.08%. This is an increase from NIKE’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Monday, December 2nd. NIKE’s dividend payout ratio (DPR) is presently 49.38%.

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.