NIKE, Inc. (NYSE:NKE) Stock Holdings Lifted by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. lifted its position in NIKE, Inc. (NYSE:NKE) by 39.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 64,326 shares of the footwear maker’s stock after acquiring an additional 18,099 shares during the period. Lee Danner & Bass Inc.’s holdings in NIKE were worth $4,868,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Teachers Insurance & Annuity Association of America acquired a new stake in shares of NIKE during the third quarter worth approximately $30,000. Caitlin John LLC boosted its holdings in shares of NIKE by 117.0% during the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 200 shares during the period. Heck Capital Advisors LLC acquired a new stake in shares of NIKE during the fourth quarter worth approximately $28,000. Roxbury Financial LLC acquired a new stake in shares of NIKE during the fourth quarter worth approximately $30,000. Finally, LFA Lugano Financial Advisors SA boosted its holdings in shares of NIKE by 110.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock worth $30,000 after purchasing an additional 210 shares during the period. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NIKE

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the business’s stock in a transaction on 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 sale, the chairman now owns 896,632 shares of the company’s stock, valued at $65,301,708.56. The trade was a 15.92 % decrease in their position. The sale was disclosed in a 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 stock was purchased at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the purchase, the director now directly 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. Insiders own 1.10% of the company’s stock.

NIKE Trading Down 1.9 %

Shares of NKE stock opened at $71.61 on Friday. NIKE, Inc. has a 1 year low of $67.10 and a 1 year high of $101.92. The firm’s fifty day simple moving average is $74.77 and its 200 day simple moving average is $77.56. The firm has a market capitalization of $105.92 billion, a P/E ratio of 22.10, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. 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 announced its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.26. The business had revenue of $11.27 billion for the quarter, compared to analyst estimates of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. NIKE’s revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 earnings per share. As a group, sell-side analysts predict that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 2.23%. The ex-dividend date is Monday, March 3rd. NIKE’s dividend payout ratio (DPR) is presently 49.38%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Guggenheim restated a “buy” rating and set a $110.00 price target on shares of NIKE in a report on Wednesday, February 12th. Morgan Stanley decreased their price target on shares of NIKE from $74.00 to $72.00 and set an “equal weight” rating for the company in a report on Thursday, March 13th. Bank of America reduced their target price on shares of NIKE from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Jefferies Financial Group upgraded shares of NIKE from a “hold” rating to a “buy” rating and lifted their target price for the company from $75.00 to $115.00 in a research note on Monday, February 24th. Finally, Wells Fargo & Company reduced their target price on shares of NIKE from $95.00 to $92.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Fifteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $89.54.

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.