Oppenheimer Asset Management Inc. Purchases 20,718 Shares of NIKE, Inc. $NKE

Oppenheimer Asset Management Inc. raised its position in NIKE, Inc. (NYSE:NKE) by 23.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 107,533 shares of the footwear maker’s stock after buying an additional 20,718 shares during the period. Oppenheimer Asset Management Inc.’s holdings in NIKE were worth $7,498,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of NIKE by 388.5% during the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock worth $15,316,000 after purchasing an additional 160,980 shares during the last quarter. Caxton Associates LLP purchased a new stake in NIKE in the 1st quarter worth approximately $311,000. Apollon Wealth Management LLC increased its stake in NIKE by 14.2% in the 2nd quarter. Apollon Wealth Management LLC now owns 26,710 shares of the footwear maker’s stock worth $1,898,000 after acquiring an additional 3,323 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of NIKE by 45.2% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 60,438 shares of the footwear maker’s stock worth $4,293,000 after buying an additional 18,828 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in NIKE by 68.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 922,103 shares of the footwear maker’s stock valued at $67,692,000 after purchasing an additional 373,101 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NKE has been the topic of a number of analyst reports. Guggenheim reiterated a “buy” rating on shares of NIKE in a research report on Wednesday, December 31st. Bank of America reduced their target price on NIKE from $84.00 to $73.00 and set a “buy” rating on the stock in a report on Friday, December 19th. Berenberg Bank reissued a “neutral” rating and set a $70.00 price objective on shares of NIKE in a research note on Friday, December 19th. Citigroup restated a “neutral” rating and set a $65.00 price target (down from $70.00) on shares of NIKE in a report on Friday, December 19th. Finally, Barclays reiterated a “neutral” rating on shares of NIKE in a research note on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $74.61.

Insider Transactions at NIKE

In related news, Director Robert Holmes Swan acquired 8,691 shares of the stock in a transaction dated Monday, December 22nd. The stock was acquired at an average cost of $57.54 per share, with a total value of $500,080.14. Following the purchase, the director directly owned 43,293 shares of the company’s stock, valued at approximately $2,491,079.22. This trade represents a 25.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Timothy D. Cook acquired 50,000 shares of the business’s stock in a transaction on Monday, December 22nd. The shares were purchased at an average price of $58.97 per share, for a total transaction of $2,948,500.00. Following the transaction, the director directly owned 105,480 shares of the company’s stock, valued at approximately $6,220,155.60. The trade was a 90.12% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 75,079 shares of company stock valued at $4,449,887 over the last quarter. 0.80% of the stock is owned by insiders.

NIKE Price Performance

NYSE NKE opened at $62.98 on Wednesday. The company has a current ratio of 2.06, a quick ratio of 1.40 and a debt-to-equity ratio of 0.50. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $82.44. The company’s 50 day moving average is $63.75 and its two-hundred day moving average is $68.05. The stock has a market cap of $93.23 billion, a price-to-earnings ratio of 37.05, a PEG ratio of 3.19 and a beta of 1.27.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, December 18th. The footwear maker reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.16. The business had revenue of $12.43 billion during the quarter, compared to analyst estimates of $12.19 billion. NIKE had a return on equity of 18.43% and a net margin of 5.43%.NIKE’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.78 EPS. As a group, research analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 1st were given a dividend of $0.41 per share. The ex-dividend date was Monday, December 1st. This is a positive change from NIKE’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.6%. NIKE’s dividend payout ratio (DPR) is 96.47%.

NIKE Company Profile

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).