Murphy & Mullick Capital Management Corp Makes New Investment in NIKE, Inc. (NYSE:NKE)

Murphy & Mullick Capital Management Corp acquired a new stake in NIKE, Inc. (NYSE:NKE) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 3,004 shares of the footwear maker’s stock, valued at approximately $228,000.

A number of other institutional investors have also made changes to their positions in the business. Eagle Asset Management Inc. raised its holdings in NIKE by 36.2% during the third quarter. Eagle Asset Management Inc. now owns 16,698 shares of the footwear maker’s stock worth $1,476,000 after acquiring an additional 4,440 shares in the last quarter. Meridian Wealth Management LLC bought a new stake in shares of NIKE during the 3rd quarter worth approximately $261,000. Great Valley Advisor Group Inc. boosted its holdings in shares of NIKE by 4.9% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 11,409 shares of the footwear maker’s stock valued at $1,009,000 after buying an additional 532 shares during the last quarter. Bank of Hawaii grew its stake in shares of NIKE by 69.1% in the third quarter. Bank of Hawaii now owns 8,876 shares of the footwear maker’s stock valued at $785,000 after buying an additional 3,626 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd increased its holdings in NIKE by 599.1% during the third quarter. Harvest Fund Management Co. Ltd now owns 797 shares of the footwear maker’s stock worth $70,000 after buying an additional 683 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

NIKE Price Performance

Shares of NYSE:NKE opened at $66.64 on Wednesday. The firm has a 50 day moving average of $74.52 and a 200-day moving average of $77.21. NIKE, Inc. has a 12 month low of $65.17 and a 12 month high of $98.04. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $98.57 billion, a PE ratio of 20.57, a PEG ratio of 2.52 and a beta of 1.02.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, beating the consensus estimate of $0.28 by $0.26. The business had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company’s revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 earnings per share. On average, equities research analysts predict that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE’s dividend payout ratio (DPR) is presently 53.16%.

Analysts Set New Price Targets

A number of brokerages have recently commented on NKE. Bank of America decreased their price objective on shares of NIKE from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Barclays lowered their price target on NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. UBS Group cut their price objective on NIKE from $73.00 to $66.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. Citigroup lowered 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, JPMorgan Chase & Co. cut their price target on NIKE from $73.00 to $64.00 and set a “neutral” rating for the company in a report on Friday, March 21st. 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. According to MarketBeat.com, NIKE has a consensus rating of “Moderate Buy” and a consensus price target of $87.38.

Insider Buying and Selling at NIKE

In related news, Director John W. Rogers, Jr. acquired 2,500 shares of the stock in a transaction that occurred on Friday, December 27th. The stock was acquired at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the transaction, the director now directly owns 34,403 shares in the company, valued at $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mark G. Parker sold 169,732 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the completion of the sale, the chairman now owns 896,632 shares in the company, valued at $65,301,708.56. This represents a 15.92 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

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.