NIKE, Inc. (NYSE:NKE) Holdings Lifted by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY increased its stake in shares of NIKE, Inc. (NYSE:NKE) by 15.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,626 shares of the footwear maker’s stock after purchasing an additional 2,034 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in NIKE were worth $1,182,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Pinnacle Associates Ltd. lifted its stake in NIKE by 10.5% in the third quarter. Pinnacle Associates Ltd. now owns 26,403 shares of the footwear maker’s stock valued at $2,334,000 after acquiring an additional 2,510 shares during the last quarter. JFS Wealth Advisors LLC lifted its stake in shares of NIKE by 1,538.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 14,235 shares of the footwear maker’s stock valued at $1,258,000 after purchasing an additional 13,366 shares during the last quarter. Financial Advocates Investment Management lifted its stake in shares of NIKE by 9.6% in the 3rd quarter. Financial Advocates Investment Management now owns 17,787 shares of the footwear maker’s stock valued at $1,572,000 after purchasing an additional 1,562 shares during the last quarter. Pacific Sage Partners LLC bought a new stake in shares of NIKE during the 3rd quarter worth about $238,000. Finally, Hills Bank & Trust Co grew its holdings in NIKE by 6.1% during the third quarter. Hills Bank & Trust Co now owns 60,543 shares of the footwear maker’s stock valued at $5,352,000 after purchasing an additional 3,486 shares during the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NKE shares. Barclays decreased their target price 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. UBS Group reissued a “neutral” rating and issued a $73.00 price target on shares of NIKE in a research report on Thursday, December 26th. Royal Bank of Canada cut their price target on shares of NIKE from $82.00 to $80.00 and set a “sector perform” rating for the company in a research note on Thursday, November 7th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $80.00 price target on shares of NIKE in a research note on Wednesday, February 19th. Finally, Wells Fargo & Company cut their price objective on NIKE from $95.00 to $92.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Fourteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $89.77.

Insider Transactions at NIKE

In other news, Chairman Mark G. Parker sold 169,732 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $72.83, for a total value of $12,361,581.56. Following the completion of the sale, the chairman now owns 896,632 shares of the company’s stock, valued at approximately $65,301,708.56. The trade was a 15.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John W. Rogers, Jr. bought 2,500 shares of NIKE stock in a transaction dated 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 acquisition, the director now owns 34,403 shares in the company, valued at $2,636,989.95. This represents a 7.84 % increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is owned by company insiders.

NIKE Trading Down 0.7 %

NYSE:NKE opened at $79.43 on Friday. The business has a 50 day moving average price of $74.64 and a two-hundred day moving average price of $78.33. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The company has a market cap of $117.49 billion, a P/E ratio of 24.52, a price-to-earnings-growth ratio of 2.52 and a beta of 1.01. NIKE, Inc. has a twelve month low of $68.62 and a twelve month high of $105.57.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, topping the consensus estimate of $0.63 by $0.15. The firm had revenue of $12.35 billion for the quarter, compared to analysts’ expectations of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 EPS. As a group, analysts expect that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.01%. NIKE’s dividend payout ratio is presently 49.38%.

About NIKE

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.