NIKE, Inc. $NKE Position Raised by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH boosted its position in NIKE, Inc. (NYSE:NKEFree Report) by 5.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 502,558 shares of the footwear maker’s stock after purchasing an additional 27,154 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in NIKE were worth $32,018,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC bought a new stake in shares of NIKE in the 2nd quarter worth $31,000. Guerra Advisors Inc acquired a new stake in shares of NIKE in the third quarter valued at $34,000. Gordian Capital Singapore Pte Ltd bought a new position in NIKE during the third quarter valued at about $35,000. Accredited Wealth Management LLC boosted its stake in NIKE by 268.6% during the third quarter. Accredited Wealth Management LLC now owns 516 shares of the footwear maker’s stock valued at $36,000 after buying an additional 376 shares in the last quarter. Finally, Strive Asset Management LLC acquired a new position in NIKE during the third quarter worth about $40,000. 64.25% of the stock is owned by institutional investors.

NIKE Trading Down 1.3%

Shares of NYSE NKE opened at $51.37 on Friday. The company has a quick ratio of 1.40, a current ratio of 2.06 and a debt-to-equity ratio of 0.50. NIKE, Inc. has a 12 month low of $51.20 and a 12 month high of $80.17. The company has a market cap of $76.05 billion, a price-to-earnings ratio of 30.22, a P/E/G ratio of 2.74 and a beta of 1.27. The business has a fifty day simple moving average of $60.16 and a 200-day simple moving average of $64.10.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.2%. The ex-dividend date is Monday, March 2nd. NIKE’s payout ratio is presently 96.47%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on NKE shares. Robert W. Baird dropped their price target on shares of NIKE from $93.00 to $85.00 and set an “outperform” rating on the stock in a research report on Friday, December 19th. BNP Paribas Exane lowered their price objective on shares of NIKE from $38.00 to $35.00 and set an “underperform” rating on the stock in a research note on Friday, December 19th. Oppenheimer reiterated an “outperform” rating on shares of NIKE in a report on Wednesday, December 17th. BTIG Research cut their target price on shares of NIKE from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, March 19th. Finally, Stifel Nicolaus set a $65.00 target price on shares of NIKE and gave the stock a “hold” rating in a report on Friday, December 19th. Twenty-two research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $73.20.

View Our Latest Stock Analysis on NKE

Insider Buying and Selling

In other news, CEO Elliott Hill bought 16,388 shares of the firm’s stock in a transaction on Monday, December 29th. The stock was bought at an average cost of $61.10 per share, for a total transaction of $1,001,306.80. Following the completion of the acquisition, the chief executive officer directly owned 241,587 shares in the company, valued at $14,760,965.70. This represents a 7.28% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.80% of the company’s stock.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

NIKE Company Profile

(Free Report)

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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