NIKE, Inc. (NYSE:NKE) Shares Bought by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC grew its position in shares of NIKE, Inc. (NYSE:NKE) by 46.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,346 shares of the footwear maker’s stock after purchasing an additional 7,998 shares during the period. Integrated Wealth Concepts LLC’s holdings in NIKE were worth $1,918,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Range Financial Group LLC acquired a new position in NIKE during the fourth quarter worth $642,000. Cacti Asset Management LLC acquired a new position in NIKE during the fourth quarter worth $9,987,000. Capricorn Fund Managers Ltd acquired a new position in NIKE during the fourth quarter worth $5,384,000. Klein Pavlis & Peasley Financial Inc. lifted its stake in NIKE by 31.1% during the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 25,835 shares of the footwear maker’s stock worth $1,955,000 after purchasing an additional 6,124 shares in the last quarter. Finally, FNY Investment Advisers LLC lifted its stake in 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 purchasing an additional 8,504 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Price Performance

NIKE stock opened at $57.34 on Tuesday. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $98.04. 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 50 day simple moving average of $66.36 and a 200-day simple moving average of $72.71. The stock has a market capitalization of $84.81 billion, a PE ratio of 17.70, a price-to-earnings-growth ratio of 2.52 and a beta of 1.15.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 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 business had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $11.02 billion. During the same quarter in the prior year, the business earned $0.98 earnings per share. The company’s quarterly revenue was down 9.1% compared to the same quarter last year. Equities analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Monday, March 3rd. NIKE’s dividend payout ratio is presently 53.16%.

Analyst Ratings Changes

Several analysts have recently issued reports on NKE shares. JPMorgan Chase & Co. reduced their price objective on NIKE from $73.00 to $64.00 and set a “neutral” rating on the stock in a research note on Friday, March 21st. BMO Capital Markets reduced their price objective on NIKE from $95.00 to $92.00 and set an “outperform” rating on the stock in a research note on Friday, March 21st. UBS Group reduced their price objective on NIKE from $73.00 to $66.00 and set a “neutral” rating on the stock in a research note on Friday, March 21st. Needham & Company LLC reduced their price objective on NIKE from $84.00 to $80.00 and set a “buy” rating on the stock in a research note on Monday, March 17th. Finally, Robert W. Baird reduced their price objective on NIKE from $105.00 to $99.00 and set an “outperform” rating on the stock in a research note on Friday, March 21st. Sixteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, NIKE presently has an average rating of “Moderate Buy” and an average target price of $82.26.

Insider Buying and Selling

In related news, Chairman Mark G. Parker sold 169,732 shares of the company’s stock in a transaction 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 transaction, the chairman now owns 896,632 shares of the company’s stock, valued at $65,301,708.56. This represents a 15.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert Holmes Swan acquired 8,600 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the acquisition, the director now directly owns 31,983 shares of the company’s stock, valued at $1,869,726.18. This trade represents a 36.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by corporate insiders.

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.