NIKE, Inc. $NKE Shares Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its position in NIKE, Inc. (NYSE:NKE) by 17.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 84,632 shares of the footwear maker’s stock after purchasing an additional 12,528 shares during the period. Oppenheimer & Co. Inc.’s holdings in NIKE were worth $5,392,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of NKE. Mizuho Markets Cayman LP purchased a new stake in shares of NIKE in the third quarter valued at about $34,200,000. Strive Asset Management LLC acquired a new position in NIKE during the third quarter worth about $1,743,000. Park National Corp OH grew its position in NIKE by 81.5% during the fourth quarter. Park National Corp OH now owns 431,055 shares of the footwear maker’s stock worth $27,463,000 after buying an additional 193,514 shares during the period. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD grew its position in NIKE by 106.1% during the third quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 205,082 shares of the footwear maker’s stock worth $14,343,000 after buying an additional 105,569 shares during the period. Finally, Aberdeen Group plc grew its position in NIKE by 3.9% during the fourth quarter. Aberdeen Group plc now owns 1,914,243 shares of the footwear maker’s stock worth $121,956,000 after buying an additional 72,681 shares during the period. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wells Fargo & Company lowered their target price on shares of NIKE from $65.00 to $55.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Sanford C. Bernstein reiterated a “buy” rating on shares of NIKE in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of NIKE from $54.00 to $51.00 and set a “hold” rating on the stock in a research report on Wednesday, April 1st. HSBC lowered shares of NIKE from a “buy” rating to a “hold” rating and lowered their price target for the company from $90.00 to $48.00 in a research report on Monday, April 13th. Finally, Jefferies Financial Group lowered their price target on shares of NIKE from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Seventeen equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $62.34.

NIKE Stock Performance

Shares of NKE stock opened at $44.46 on Friday. The company’s fifty day simple moving average is $51.39 and its 200-day simple moving average is $59.70. NIKE, Inc. has a 52 week low of $42.09 and a 52 week high of $80.17. The company has a current ratio of 2.14, a quick ratio of 1.45 and a debt-to-equity ratio of 0.50. The company has a market cap of $65.85 billion, a PE ratio of 29.45, a P/E/G ratio of 2.36 and a beta of 1.12.

NIKE (NYSE:NKE) last issued its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.06. The business had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.23 billion. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 EPS. As a group, equities research analysts anticipate that NIKE, Inc. will post 1.51 EPS for the current year.

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 2nd were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Monday, March 2nd. NIKE’s dividend payout ratio (DPR) is presently 108.61%.

Insider Activity at NIKE

In related news, CEO Elliott Hill acquired 23,660 shares of the firm’s stock in a transaction on Monday, April 13th. The stock was bought at an average cost of $42.27 per share, with a total value of $1,000,108.20. Following the acquisition, the chief executive officer directly owned 265,247 shares in the company, valued at approximately $11,211,990.69. The trade was a 9.79% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy D. Cook acquired 25,000 shares of the firm’s stock in a transaction on Friday, April 10th. The shares were bought at an average cost of $42.43 per share, with a total value of $1,060,750.00. Following the completion of the acquisition, the director owned 130,480 shares in the company, valued at $5,536,266.40. This represents a 23.70% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 64,441 shares of company stock valued at $2,734,204 in the last 90 days. 0.80% of the stock is currently owned by insiders.

NIKE Company Profile

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).