Auxano Advisors LLC Purchases 2,250 Shares of NIKE, Inc. (NYSE:NKE)

Auxano Advisors LLC increased its stake in NIKE, Inc. (NYSE:NKE) by 23.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,939 shares of the footwear maker’s stock after purchasing an additional 2,250 shares during the period. Auxano Advisors LLC’s holdings in NIKE were worth $1,296,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. FMR LLC increased its position in shares of NIKE by 0.7% in the third quarter. FMR LLC now owns 18,502,409 shares of the footwear maker’s stock worth $1,769,200,000 after purchasing an additional 125,746 shares during the period. Northern Trust Corp boosted its stake in shares of NIKE by 4.5% during the third quarter. Northern Trust Corp now owns 15,557,676 shares of the footwear maker’s stock valued at $1,487,625,000 after purchasing an additional 674,198 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of NIKE by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,200,932 shares of the footwear maker’s stock valued at $766,829,000 after purchasing an additional 89,947 shares in the last quarter. Newport Trust Company LLC acquired a new stake in shares of NIKE during the third quarter valued at about $679,775,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of NIKE by 37.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,791,531 shares of the footwear maker’s stock valued at $553,786,000 after purchasing an additional 1,583,541 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

NIKE Stock Down 1.9 %

Shares of NKE traded down $1.80 on Tuesday, reaching $92.26. The stock had a trading volume of 6,473,301 shares, compared to its average volume of 9,338,709. The firm has a market capitalization of $139.25 billion, a price-to-earnings ratio of 27.42, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74. The company has a 50-day simple moving average of $96.78 and a 200-day simple moving average of $103.33. NIKE, Inc. has a 12-month low of $88.66 and a 12-month high of $128.68.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.29. NIKE had a return on equity of 39.41% and a net margin of 10.14%. The company had revenue of $12.43 billion during the quarter, compared to analyst estimates of $12.28 billion. Sell-side analysts predict that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.60%. The ex-dividend date was Friday, March 1st. NIKE’s dividend payout ratio is currently 43.53%.

Wall Street Analysts Forecast Growth

NKE has been the topic of a number of recent research reports. Sanford C. Bernstein cut their price target on NIKE from $134.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Wedbush reaffirmed an “outperform” rating and issued a $115.00 price objective on shares of NIKE in a research note on Tuesday. Barclays cut their price objective on NIKE from $142.00 to $114.00 and set an “overweight” rating on the stock in a research note on Monday, March 25th. Telsey Advisory Group cut their price objective on NIKE from $140.00 to $120.00 and set an “outperform” rating on the stock in a research note on Monday, March 18th. Finally, The Goldman Sachs Group lowered their target price on NIKE from $135.00 to $120.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $116.26.

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.