Callan Family Office LLC Increases Stock Holdings in NIKE, Inc. (NYSE:NKE)

Callan Family Office LLC lifted its stake in shares of NIKE, Inc. (NYSE:NKE) by 510.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,211 shares of the footwear maker’s stock after buying an additional 21,079 shares during the quarter. Callan Family Office LLC’s holdings in NIKE were worth $1,908,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Range Financial Group LLC purchased a new stake in shares of NIKE during the 4th quarter valued at about $642,000. Cacti Asset Management LLC purchased a new stake in NIKE during the 4th quarter worth approximately $9,987,000. Capricorn Fund Managers Ltd purchased a new stake in NIKE during the 4th quarter worth approximately $5,384,000. Klein Pavlis & Peasley Financial Inc. increased its holdings in NIKE by 31.1% during the 4th 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 during the last quarter. Finally, FNY Investment Advisers LLC increased its holdings in NIKE by 5,745.9% during the 4th 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 during the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NIKE

In other news, Director John W. Rogers, Jr. acquired 2,500 shares of the company’s stock in a transaction dated Friday, December 27th. The shares were bought at an average price of $76.65 per share, with a total value of $191,625.00. Following the purchase, the director now owns 34,403 shares of the company’s stock, valued at approximately $2,636,989.95. This represents a 7.84 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Mark G. Parker sold 169,732 shares of the business’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $72.83, for a total value of $12,361,581.56. Following the completion of the sale, the chairman now directly owns 896,632 shares in the company, valued at $65,301,708.56. This represents a 15.92 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

NIKE Trading Up 1.3 %

Shares of NKE stock opened at $78.68 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. NIKE, Inc. has a 1 year low of $68.62 and a 1 year high of $102.49. The stock has a fifty day moving average of $74.76 and a two-hundred day moving average of $78.21. The firm has a market capitalization of $116.38 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02.

NIKE (NYSE:NKE) last announced its quarterly 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 return on equity of 36.99% and a net margin of 9.98%. The company had revenue of $12.35 billion during the quarter, compared to analyst estimates of $12.11 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. As a group, research analysts expect that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE’s dividend payout ratio is presently 49.38%.

Analysts Set New Price Targets

NKE has been the topic of several analyst reports. Dbs Bank upgraded NIKE from a “hold” rating to a “strong-buy” rating in a report on Wednesday. DA Davidson upgraded NIKE to a “strong-buy” rating in a report on Monday, December 23rd. Jefferies Financial Group upgraded NIKE from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $75.00 to $115.00 in a report on Monday, February 24th. BMO Capital Markets lifted their target price on NIKE from $92.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on NIKE from $92.00 to $82.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Fourteen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, NIKE has a consensus rating of “Moderate Buy” and a consensus price target of $89.77.

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.