Brady Family Wealth LLC Has $3.31 Million Holdings in NIKE, Inc. (NYSE:NKE)

Brady Family Wealth LLC trimmed its holdings in NIKE, Inc. (NYSE:NKE) by 7.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,778 shares of the footwear maker’s stock after selling 3,501 shares during the period. Brady Family Wealth LLC’s holdings in NIKE were worth $3,313,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Range Financial Group LLC bought a new stake in NIKE during the 4th quarter worth approximately $642,000. Cacti Asset Management LLC acquired a new position in shares of NIKE in the fourth quarter valued at approximately $9,987,000. FNY Investment Advisers LLC increased its position in shares of NIKE by 5,745.9% during the fourth quarter. FNY Investment Advisers LLC now owns 8,652 shares of the footwear maker’s stock worth $654,000 after acquiring an additional 8,504 shares in the last quarter. ING Groep NV acquired a new stake in shares of NIKE during the third quarter worth $29,628,000. Finally, Confluence Investment Management LLC lifted its position in NIKE by 6.3% in the 4th quarter. Confluence Investment Management LLC now owns 246,080 shares of the footwear maker’s stock valued at $18,621,000 after acquiring an additional 14,592 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors.

NIKE Trading Down 0.2 %

Shares of NIKE stock opened at $71.04 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The business has a fifty day simple moving average of $76.05 and a two-hundred day simple moving average of $78.06. NIKE, Inc. has a 1 year low of $70.53 and a 1 year high of $107.43. The company has a market capitalization of $105.08 billion, a price-to-earnings ratio of 21.93, a P/E/G ratio of 2.26 and a beta of 1.02.

NIKE (NYSE:NKE) last posted its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company had revenue of $12.35 billion during the quarter, compared to analysts’ expectations of $12.11 billion. During the same quarter last year, the company posted $1.03 EPS. NIKE’s quarterly revenue was down 7.7% compared to the same quarter last year. Research analysts forecast that NIKE, Inc. will post 2.1 EPS for the current year.

NIKE Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were given a $0.40 dividend. This is an increase from NIKE’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.25%. NIKE’s dividend payout ratio is presently 49.38%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NKE shares. DA Davidson upgraded NIKE to a “strong-buy” rating in a report on Monday, December 23rd. Sanford C. Bernstein decreased their price objective on NIKE from $112.00 to $109.00 and set an “outperform” rating for the company in a report on Thursday, September 19th. Barclays cut their target price on NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. UBS Group reaffirmed a “neutral” rating and set a $73.00 price target on shares of NIKE in a research note on Thursday, December 26th. Finally, Stifel Nicolaus cut their price objective on shares of NIKE from $79.00 to $75.00 and set a “hold” rating on the stock in a research report on Friday, December 20th. Fourteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $89.96.

Insider Transactions at NIKE

In other NIKE news, Director John W. Rogers, Jr. purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were acquired at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the purchase, the director now owns 34,403 shares of the company’s stock, valued at approximately $2,636,989.95. The trade was a 7.84 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by corporate insiders.

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.