NIKE, Inc. (NYSE:NKE) Shares Acquired by Strategic Investment Solutions Inc. IL

Strategic Investment Solutions Inc. IL increased its position in shares of NIKE, Inc. (NYSE:NKE) by 222.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 713 shares of the footwear maker’s stock after purchasing an additional 492 shares during the quarter. Strategic Investment Solutions Inc. IL’s holdings in NIKE were worth $54,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Tidal Investments LLC increased its position in NIKE by 65.4% during the third quarter. Tidal Investments LLC now owns 105,571 shares of the footwear maker’s stock worth $9,332,000 after buying an additional 41,752 shares in the last quarter. Denver PWM LLC lifted its holdings in NIKE by 9.7% in the 3rd quarter. Denver PWM LLC now owns 2,574 shares of the footwear maker’s stock valued at $228,000 after purchasing an additional 227 shares in the last quarter. Confluence Investment Management LLC boosted its stake in shares of NIKE by 6.3% during the 4th quarter. Confluence Investment Management LLC now owns 246,080 shares of the footwear maker’s stock worth $18,621,000 after purchasing an additional 14,592 shares during the last quarter. Cacti Asset Management LLC purchased a new stake in shares of NIKE during the fourth quarter worth about $9,987,000. Finally, GAMMA Investing LLC raised its position in shares of NIKE by 1.0% in the fourth quarter. GAMMA Investing LLC now owns 15,014 shares of the footwear maker’s stock valued at $1,136,000 after buying an additional 150 shares during the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the sale, the chairman now owns 896,632 shares in the company, valued at $65,301,708.56. This represents a 15.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert Holmes Swan bought 8,600 shares of the firm’s stock in a transaction dated Friday, April 4th. The stock was purchased at an average price of $58.46 per share, with a total value of $502,756.00. Following the transaction, the director now owns 31,983 shares in the company, valued at approximately $1,869,726.18. This represents a 36.78 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.

NIKE Stock Up 4.1 %

Shares of NYSE NKE opened at $55.73 on Friday. 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, Inc. has a 1 year low of $52.28 and a 1 year high of $98.04. The stock’s 50-day simple moving average is $68.71 and its 200-day simple moving average is $74.09. The firm has a market cap of $82.44 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 2.52 and a beta of 1.15.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.26. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $11.02 billion. During the same period in the previous year, the business earned $0.98 EPS. NIKE’s revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, 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 announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.87%. The ex-dividend date was Monday, March 3rd. NIKE’s payout ratio is currently 53.16%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NKE. Stifel Nicolaus decreased their target price on shares of NIKE from $75.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, April 10th. Berenberg Bank started coverage on NIKE in a research report on Tuesday. They issued a “hold” rating and a $58.00 price objective for the company. Wells Fargo & Company decreased their price target on NIKE from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, March 21st. Guggenheim restated a “buy” rating and issued a $110.00 price target on shares of NIKE in a report on Wednesday, February 12th. Finally, UBS Group cut their price objective on shares of NIKE from $73.00 to $66.00 and set a “neutral” rating on the stock in a report on Friday, March 21st. Sixteen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $85.15.

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.