Fidelis Capital Partners LLC Increases Stake in NIKE, Inc. (NYSE:NKE)

Fidelis Capital Partners LLC boosted its holdings in shares of NIKE, Inc. (NYSE:NKE) by 40.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,656 shares of the footwear maker’s stock after buying an additional 3,348 shares during the quarter. Fidelis Capital Partners LLC’s holdings in NIKE were worth $1,265,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of NKE. Impact Partnership Wealth LLC raised its position in NIKE by 220.7% during the 3rd quarter. Impact Partnership Wealth LLC now owns 263 shares of the footwear maker’s stock worth $25,000 after buying an additional 181 shares during the last quarter. Iron Horse Wealth Management LLC raised its position in NIKE by 120.7% during the 4th quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock worth $28,000 after buying an additional 140 shares during the last quarter. Planned Solutions Inc. purchased a new position in NIKE during the 4th quarter worth approximately $29,000. Financial Freedom LLC purchased a new position in NIKE during the 4th quarter worth approximately $29,000. Finally, Worth Asset Management LLC purchased a new position in NIKE during the 1st quarter worth approximately $32,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Trading Up 0.9 %

Shares of NKE stock traded up $0.90 on Thursday, hitting $95.74. 9,619,047 shares of the stock traded hands, compared to its average volume of 9,591,682. The firm’s 50-day moving average price is $98.47 and its two-hundred day moving average price is $103.42. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74. The stock has a market capitalization of $144.51 billion, a PE ratio of 27.89, a PEG ratio of 1.80 and a beta of 1.08. NIKE, Inc. has a twelve month low of $88.66 and a twelve month high of $128.68.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.29. The firm had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. As a group, analysts anticipate that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were given a dividend of $0.37 per share. The ex-dividend date was Friday, March 1st. This represents a $1.48 annualized dividend and a dividend yield of 1.55%. NIKE’s payout ratio is 43.53%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Morgan Stanley cut their target price on shares of NIKE from $124.00 to $116.00 and set an “overweight” rating for the company in a report on Wednesday, March 27th. Sanford C. Bernstein cut their target price on shares of NIKE from $134.00 to $120.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Citigroup cut their target price on shares of NIKE from $135.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, March 14th. Williams Trading reaffirmed a “sell” rating and set a $85.00 target price (down from $92.00) on shares of NIKE in a report on Monday, March 18th. Finally, JPMorgan Chase & Co. cut their target price on shares of NIKE from $139.00 to $128.00 and set an “overweight” rating for the company in a report on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, NIKE currently has an average rating of “Moderate Buy” and an average price target of $116.26.

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.