Kiley Juergens Wealth Management LLC Boosts Stake in NIKE, Inc. (NYSE:NKE)

Kiley Juergens Wealth Management LLC increased its position in NIKE, Inc. (NYSE:NKE) by 19.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,048 shares of the footwear maker’s stock after buying an additional 2,975 shares during the period. Kiley Juergens Wealth Management LLC’s holdings in NIKE were worth $1,696,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NKE. Norges Bank purchased a new stake in shares of NIKE in the fourth quarter worth about $1,315,097,000. Price T Rowe Associates Inc. MD raised its position in NIKE by 87.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,135,431 shares of the footwear maker’s stock valued at $1,860,395,000 after purchasing an additional 7,996,434 shares during the period. Capital International Investors raised its position in NIKE by 34.9% during the fourth quarter. Capital International Investors now owns 27,609,613 shares of the footwear maker’s stock valued at $2,997,628,000 after purchasing an additional 7,143,775 shares during the period. Public Employees Retirement Association of Colorado raised its position in NIKE by 13,094.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,563,253 shares of the footwear maker’s stock valued at $169,722,000 after purchasing an additional 1,551,405 shares during the period. Finally, GUARDCAP ASSET MANAGEMENT Ltd raised its position in NIKE by 25.5% during the fourth quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 4,714,494 shares of the footwear maker’s stock valued at $511,853,000 after purchasing an additional 957,612 shares during the period. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NIKE news, VP Johanna Nielsen sold 282 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $93.64, for a total transaction of $26,406.48. Following the sale, the vice president now directly owns 730 shares of the company’s stock, valued at approximately $68,357.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Johanna Nielsen sold 282 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $93.64, for a total transaction of $26,406.48. Following the sale, the vice president now directly owns 730 shares in the company, valued at approximately $68,357.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mark G. Parker sold 168,378 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $93.14, for a total value of $15,682,726.92. Following 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. In the last three months, insiders have sold 213,660 shares of company stock valued at $19,946,333. Company insiders own 0.50% of the company’s stock.

NIKE Stock Performance

NKE stock traded down $0.66 during midday trading on Wednesday, reaching $75.38. The stock had a trading volume of 2,224,371 shares, compared to its average volume of 10,632,464. The stock has a market cap of $113.78 billion, a PE ratio of 20.39, a P/E/G ratio of 1.43 and a beta of 1.01. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.69 and a current ratio of 2.40. The firm has a fifty day simple moving average of $92.94 and a two-hundred day simple moving average of $98.54. NIKE, Inc. has a 52-week low of $74.29 and a 52-week high of $123.39.

NIKE (NYSE:NKE) last issued its earnings results on Thursday, June 27th. The footwear maker reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.16. The company had revenue of $12.60 billion during the quarter, compared to analyst estimates of $12.86 billion. NIKE had a return on equity of 42.63% and a net margin of 11.10%. The firm’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the business posted $0.66 EPS. As a group, equities research analysts anticipate that NIKE, Inc. will post 3.47 EPS for the current year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 3rd were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.96%. The ex-dividend date was Monday, June 3rd. NIKE’s dividend payout ratio is currently 39.68%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NKE. StockNews.com downgraded NIKE from a “buy” rating to a “hold” rating in a research report on Friday, June 21st. Wedbush decreased their price objective on NIKE from $115.00 to $97.00 and set an “outperform” rating on the stock in a research report on Friday, June 28th. Guggenheim decreased their price objective on NIKE from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, June 28th. Williams Trading reaffirmed a “sell” rating and set a $85.00 target price (down previously from $92.00) on shares of NIKE in a research note on Monday, March 18th. Finally, Evercore ISI cut their target price on NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Friday, June 28th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $97.19.

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.