Live Oak Private Wealth LLC Purchases 166 Shares of NIKE, Inc. (NYSE:NKE)

Live Oak Private Wealth LLC boosted its position in shares of NIKE, Inc. (NYSE:NKE) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,196 shares of the footwear maker’s stock after buying an additional 166 shares during the period. Live Oak Private Wealth LLC’s holdings in NIKE were worth $469,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Atomi Financial Group Inc. grew its holdings in shares of NIKE by 4.7% in the third quarter. Atomi Financial Group Inc. now owns 11,243 shares of the footwear maker’s stock valued at $994,000 after purchasing an additional 500 shares in the last quarter. Brookstone Capital Management grew its stake in shares of NIKE by 11.3% in the 3rd quarter. Brookstone Capital Management now owns 91,176 shares of the footwear maker’s stock worth $8,060,000 after buying an additional 9,226 shares in the last quarter. First PREMIER Bank increased its holdings in shares of NIKE by 666.7% in the 3rd quarter. First PREMIER Bank now owns 690 shares of the footwear maker’s stock worth $61,000 after buying an additional 600 shares during the last quarter. Hexagon Capital Partners LLC raised its position in shares of NIKE by 35.4% during the 3rd quarter. Hexagon Capital Partners LLC now owns 3,196 shares of the footwear maker’s stock valued at $283,000 after buying an additional 835 shares in the last quarter. Finally, High Note Wealth LLC purchased a new stake in shares of NIKE during the 3rd quarter valued at about $208,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insider Activity

In other NIKE news, Director John W. Rogers, Jr. bought 2,500 shares of NIKE stock in a transaction that occurred on Friday, December 27th. The shares were bought at an average cost of $76.65 per share, with a total value of $191,625.00. Following the transaction, the director now directly owns 34,403 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on NKE shares. Barclays reduced their price objective on NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Morgan Stanley decreased their price target on NIKE from $80.00 to $74.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Telsey Advisory Group reiterated a “market perform” rating and set a $80.00 price objective on shares of NIKE in a research report on Thursday. JPMorgan Chase & Co. lowered 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. Finally, Needham & Company LLC reissued a “buy” rating and issued a $84.00 price objective on shares of NIKE in a research report on Friday, December 20th. Fifteen investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $88.62.

NIKE Price Performance

NKE opened at $71.75 on Friday. The firm has a market capitalization of $106.13 billion, a PE ratio of 22.15, a price-to-earnings-growth ratio of 2.50 and a beta of 1.01. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The business’s 50-day moving average is $75.45 and its two-hundred day moving average is $78.10. NIKE, Inc. has a 1 year low of $70.32 and a 1 year high of $107.43.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm had revenue of $12.35 billion for the quarter, compared to the consensus estimate of $12.11 billion. During the same quarter in the previous year, the firm earned $1.03 EPS. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. Research analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, December 2nd. This is an increase from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.23%. NIKE’s dividend payout ratio is presently 49.38%.

NIKE Company 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.