NIKE, Inc. (NYSE:NKE) Shares Bought by LifePlan Financial LLC

LifePlan Financial LLC increased its position in NIKE, Inc. (NYSE:NKE) by 35.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,073 shares of the footwear maker’s stock after acquiring an additional 2,642 shares during the period. LifePlan Financial LLC’s holdings in NIKE were worth $762,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Teachers Insurance & Annuity Association of America acquired a new stake in NIKE in the 3rd quarter valued at about $30,000. VitalStone Financial LLC boosted its holdings in NIKE by 52.6% during the third quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock worth $38,000 after buying an additional 150 shares in the last quarter. Dunhill Financial LLC grew its position in NIKE by 52.2% in the third quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker’s stock worth $44,000 after buying an additional 169 shares during the last quarter. Ecofi Investissements SA bought a new position in shares of NIKE in the second quarter valued at $49,000. Finally, Riverview Trust Co acquired a new stake in shares of NIKE during the 3rd quarter valued at $52,000. Institutional investors own 64.25% of the company’s stock.

NIKE Stock Down 0.3 %

NYSE NKE opened at $70.89 on Tuesday. NIKE, Inc. has a twelve month low of $70.32 and a twelve month high of $107.43. The stock has a market cap of $104.85 billion, a PE ratio of 21.88, a PEG ratio of 2.25 and a beta of 1.02. The firm has a 50-day simple moving average of $75.66 and a 200 day simple moving average of $77.92. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, topping the consensus estimate 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%. NIKE’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 EPS. On average, research analysts forecast that NIKE, Inc. will post 2.1 EPS for the current 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 $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.26%. The ex-dividend date was Monday, December 2nd. This is a positive change from NIKE’s previous quarterly dividend of $0.37. NIKE’s dividend payout ratio is 49.38%.

Wall Street Analyst Weigh In

NKE has been the topic of a number of recent research reports. Needham & Company LLC restated a “buy” rating and issued a $84.00 target price on shares of NIKE in a report on Friday, December 20th. Jefferies Financial Group boosted their price objective on NIKE from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Monday, September 30th. JPMorgan Chase & Co. decreased their target price on shares of NIKE from $77.00 to $73.00 and set a “neutral” rating for the company in a report on Monday, December 2nd. DA Davidson upgraded shares of NIKE to a “strong-buy” rating in a report on Monday, December 23rd. Finally, Robert W. Baird lowered their price objective on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Monday, December 23rd. Fourteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $89.96.

Insiders Place Their Bets

In other news, Director John W. Rogers, Jr. bought 2,500 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The stock was acquired at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the transaction, the director now directly owns 34,403 shares of the company’s stock, valued at $2,636,989.95. This trade represents a 7.84 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate 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.