Brighton Jones LLC Increases Stock Position in NIKE, Inc. (NYSE:NKE)

Brighton Jones LLC grew its position in shares of NIKE, Inc. (NYSE:NKE) by 388.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 202,411 shares of the footwear maker’s stock after purchasing an additional 160,980 shares during the period. Brighton Jones LLC’s holdings in NIKE were worth $15,316,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Secure Asset Management LLC increased its holdings in shares of NIKE by 552.5% in the 4th quarter. Secure Asset Management LLC now owns 27,443 shares of the footwear maker’s stock worth $2,077,000 after buying an additional 23,237 shares during the last quarter. Teamwork Financial Advisors LLC grew its position in NIKE by 20.6% in the fourth quarter. Teamwork Financial Advisors LLC now owns 17,935 shares of the footwear maker’s stock worth $1,357,000 after acquiring an additional 3,068 shares in the last quarter. D.B. Root & Company LLC increased its stake in NIKE by 4.1% during the fourth quarter. D.B. Root & Company LLC now owns 16,664 shares of the footwear maker’s stock worth $1,261,000 after acquiring an additional 662 shares during the last quarter. Mutual Advisors LLC raised its position in NIKE by 2.5% during the fourth quarter. Mutual Advisors LLC now owns 30,162 shares of the footwear maker’s stock valued at $2,145,000 after purchasing an additional 744 shares during the period. Finally, Lake Hills Wealth Management LLC lifted its stake in shares of NIKE by 32.8% in the 4th quarter. Lake Hills Wealth Management LLC now owns 3,433 shares of the footwear maker’s stock valued at $260,000 after purchasing an additional 847 shares during the last quarter. 64.25% of the stock is owned by institutional investors.

NIKE Price Performance

Shares of NKE opened at $74.44 on Friday. NIKE, Inc. has a twelve month low of $70.32 and a twelve month high of $107.43. The company has a 50 day moving average of $75.54 and a two-hundred day moving average of $77.88. 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 $110.10 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 2.36 and a beta of 1.02.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, beating 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%. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.03 EPS. As a group, analysts predict that NIKE, Inc. will post 2.1 earnings per share for the current fiscal year.

NIKE Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were paid a $0.40 dividend. The ex-dividend date was Monday, December 2nd. This is a boost from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a yield of 2.15%. NIKE’s dividend payout ratio (DPR) is 49.38%.

Insiders Place Their Bets

In related news, Director John W. Rogers, Jr. purchased 2,500 shares of the firm’s stock in a transaction on Friday, December 27th. The stock was acquired at an average price of $76.65 per share, with a total value of $191,625.00. Following the completion of the acquisition, the director now owns 34,403 shares in the company, valued at approximately $2,636,989.95. This represents a 7.84 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NKE. Guggenheim decreased their price target on NIKE from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, October 2nd. Morgan Stanley reduced their target price on shares of NIKE from $80.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of NIKE from $92.00 to $82.00 and set a “buy” rating for the company in a research note on Monday, December 16th. DA Davidson raised shares of NIKE to a “strong-buy” rating in a research report on Monday, December 23rd. Finally, Telsey Advisory Group lowered NIKE from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $93.00 to $80.00 in a research report on Friday, December 20th. Fourteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $89.96.

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.