Thoroughbred Financial Services LLC Buys 564 Shares of NIKE, Inc. (NYSE:NKE)

Thoroughbred Financial Services LLC grew its stake in shares of NIKE, Inc. (NYSE:NKE) by 20.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,372 shares of the footwear maker’s stock after buying an additional 564 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in NIKE were worth $255,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Insigneo Advisory Services LLC increased its holdings in NIKE by 14.8% during the 3rd quarter. Insigneo Advisory Services LLC now owns 10,442 shares of the footwear maker’s stock valued at $923,000 after purchasing an additional 1,345 shares during the period. XTX Topco Ltd bought a new position in NIKE in the 3rd quarter worth $418,000. Tenere Capital LLC raised its holdings in NIKE by 103.9% in the 3rd quarter. Tenere Capital LLC now owns 241,723 shares of the footwear maker’s stock worth $21,368,000 after purchasing an additional 123,156 shares in the last quarter. Dunhill Financial LLC lifted its position in shares of NIKE by 52.2% in the 3rd quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker’s stock worth $44,000 after purchasing an additional 169 shares during the period. Finally, Northeast Financial Consultants Inc increased its position in shares of NIKE by 75.9% during the third quarter. Northeast Financial Consultants Inc now owns 13,906 shares of the footwear maker’s stock valued at $1,229,000 after buying an additional 6,000 shares during the period. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Stock Performance

Shares of NYSE NKE opened at $57.17 on Monday. The stock has a market cap of $84.57 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 2.52 and a beta of 1.15. NIKE, Inc. has a 1 year low of $52.50 and a 1 year high of $98.04. The firm has a fifty day moving average price of $72.96 and a 200-day moving average price of $76.27. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.26. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $11.02 billion. During the same period last year, the firm earned $0.98 earnings per share. The business’s quarterly revenue was down 9.1% on a year-over-year basis. Equities analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.80%. The ex-dividend date was Monday, March 3rd. NIKE’s payout ratio is currently 53.16%.

Analysts Set New Price Targets

NKE has been the topic of several research reports. Evercore ISI dropped their price target on NIKE from $105.00 to $97.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Morgan Stanley dropped their target price on shares of NIKE from $72.00 to $70.00 and set an “equal weight” rating on the stock in a report on Friday, March 21st. Needham & Company LLC cut their price target on NIKE from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Monday, March 17th. Jefferies Financial Group upgraded shares of NIKE from a “hold” rating to a “buy” rating and raised their price objective for the company from $75.00 to $115.00 in a research note on Monday, February 24th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $75.00 price objective on shares of NIKE in a research report on Friday. Fifteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.38.

Insider Transactions at NIKE

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of NIKE stock in a transaction on Friday, February 14th. The shares were sold at an average price of $72.83, for a total value of $12,361,581.56. Following the sale, the chairman now directly owns 896,632 shares in the company, valued at approximately $65,301,708.56. The trade was a 15.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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.