Dohj LLC Purchases 625 Shares of NIKE, Inc. (NYSE:NKE)

Dohj LLC boosted its position in NIKE, Inc. (NYSE:NKE) by 11.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,325 shares of the footwear maker’s stock after acquiring an additional 625 shares during the quarter. Dohj LLC’s holdings in NIKE were worth $594,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Capital International Investors boosted its holdings in shares of NIKE by 34.9% during the fourth quarter. Capital International Investors now owns 27,609,613 shares of the footwear maker’s stock worth $2,997,628,000 after purchasing an additional 7,143,775 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of NIKE by 87.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,135,431 shares of the footwear maker’s stock worth $1,860,395,000 after acquiring an additional 7,996,434 shares during the last quarter. Norges Bank purchased a new position in shares of NIKE during the 4th quarter valued at $1,315,097,000. Fisher Asset Management LLC lifted its stake in NIKE by 2.3% in the 4th quarter. Fisher Asset Management LLC now owns 9,887,769 shares of the footwear maker’s stock worth $1,073,515,000 after purchasing an additional 219,091 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in NIKE by 18.3% in the 3rd quarter. American Century Companies Inc. now owns 5,620,466 shares of the footwear maker’s stock worth $537,429,000 after purchasing an additional 870,423 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

Insider Activity at NIKE

In other NIKE news, VP Johanna Nielsen sold 282 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $93.64, for a total value of $26,406.48. Following the sale, the vice president now directly owns 730 shares in the company, valued at $68,357.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other NIKE news, VP Johanna Nielsen sold 282 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $93.64, for a total value of $26,406.48. Following the sale, the vice president now directly owns 730 shares in the company, valued at $68,357.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Mark G. Parker sold 168,378 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $93.14, for a total transaction of $15,682,726.92. Following the completion of the sale, the chairman now owns 1,102,090 shares in the company, valued at $102,648,662.60. The disclosure for this sale can be found here. Insiders have sold a total of 213,660 shares of company stock worth $19,946,333 over the last ninety days. 0.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NKE. Wedbush cut their price target on shares of NIKE from $115.00 to $97.00 and set an “outperform” rating on the stock in a report on Friday. Sanford C. Bernstein lowered their target price on shares of NIKE from $134.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, March 22nd. Oppenheimer reiterated an “outperform” rating and set a $120.00 price objective on shares of NIKE in a research note on Friday. StockNews.com cut shares of NIKE from a “buy” rating to a “hold” rating in a report on Friday, June 21st. Finally, UBS Group reaffirmed a “neutral” rating and issued a $78.00 price objective on shares of NIKE in a report on Friday. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $102.33.

NIKE Stock Performance

Shares of NYSE NKE traded down $18.94 during mid-day trading on Friday, hitting $75.25. The company had a trading volume of 78,847,457 shares, compared to its average volume of 9,844,948. NIKE, Inc. has a 12 month low of $75.22 and a 12 month high of $123.39. The stock has a market cap of $113.58 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 1.79 and a beta of 1.05. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89. The firm’s 50 day simple moving average is $93.70 and its two-hundred day simple moving average is $99.48.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, June 27th. The footwear maker reported $1.01 EPS for the quarter, beating the consensus estimate of $0.85 by $0.16. The company had revenue of $12.60 billion for the quarter, compared to analyst estimates of $12.86 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. NIKE’s revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.66 earnings per share. As a group, equities research analysts forecast that NIKE, Inc. will post 3.81 earnings per share for the current year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Monday, June 3rd. NIKE’s dividend payout ratio is currently 43.53%.

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.