P. R. Herzig & Company held its stake in Nike Inc (NYSE:NKE) during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 9,600 shares of the footwear maker’s stock at the end of the fourth quarter. Nike comprises about 1.4% of P. R. Herzig & Company’s holdings, making the stock its 28th largest position. P. R. Herzig & Company’s holdings in Nike were worth $600,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in NKE. Saturna Capital increased its stake in Nike by 1.4% in the third quarter. Saturna Capital now owns 394,670 shares of the footwear maker’s stock worth $48,533,000 after buying an additional 5,609 shares in the last quarter. Perigon Wealth Management boosted its position in shares of Nike by 1.0% in the third quarter. Perigon Wealth Management now owns 7,258 shares of the footwear maker’s stock worth $893,000 after buying an additional 73 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft purchased a new position in shares of Nike during the third quarter worth about $26,543,000. Gerstein Fisher boosted its position in shares of Nike by 9.7% in the third quarter. Gerstein Fisher now owns 7,758 shares of the footwear maker’s stock worth $954,000 after buying an additional 686 shares during the last quarter. Finally, Stillwater Investment Management boosted its position in shares of Nike by 1.0% in the fourth quarter. Stillwater Investment Management now owns 33,635 shares of the footwear maker’s stock worth $2,102,000 after buying an additional 323 shares during the last quarter.

Shares of Nike Inc (NYSE:NKE) opened at 60.88 on Monday. The company has a market capitalization of $103.69 billion and a P/E ratio of 29.57. The company has a 50-day moving average price of $62.49 and a 200-day moving average price of $60.59. Nike Inc has a 12 month low of $45.35 and a 12 month high of $68.19.

Nike (NYSE:NKE) last announced its quarterly earnings results on Tuesday, December 22nd. The footwear maker reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.04. The company earned $7.69 billion during the quarter. During the same period in the previous year, the firm earned $0.74 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, analysts forecast that Nike Inc will post $2.15 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 4th. Stockholders of record on Wednesday, December 9th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Monday, December 7th. This is a boost from Nike’s previous quarterly dividend of $0.28.

NKE has been the topic of a number of analyst reports. Cowen and Company reiterated a “buy” rating on shares of Nike in a research note on Sunday, September 27th. Vetr cut shares of Nike from a “buy” rating to a “sell” rating and set a $60.35 price target on the stock. in a research note on Monday, September 28th. Canaccord Genuity upped their price target on shares of Nike from $54.50 to $59.50 and gave the stock a “hold” rating in a research note on Monday, September 28th. Telsey Advisory Group upped their price target on shares of Nike from $64.00 to $68.00 and gave the stock an “outperform” rating in a research note on Monday, September 28th. Finally, B. Riley reiterated a “buy” rating and issued a $67.50 price target on shares of Nike in a research note on Monday, September 28th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $77.05.

In other news, insider Trevor A. Edwards sold 132,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $130.37, for a total value of $17,208,840.00. Following the completion of the sale, the insider now directly owns 261,368 shares in the company, valued at $34,074,546.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeanne P. Jackson sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, December 28th. The shares were sold at an average price of $63.58, for a total value of $1,589,500.00. Following the completion of the sale, the insider now owns 167,196 shares of the company’s stock, valued at $10,630,321.68. The disclosure for this sale can be found here.

NIKE, Inc. is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company sells its products to retail accounts, through NIKE-owned retail stores and Internet Websites (NYSE:NKE), and through a mix of independent distributors and licensees throughout the world. The Company focuses its NIKE Brand product offerings in eight key categories: Running, Basketball, Football (Soccer), Men’s Training, Women’s Training, Action Sports, Sportswear (the Company’s sports-inspired lifestyle products) and Golf. The Company also markets products designed for kids, as well as for other athletic and recreational uses, such as cricket, lacrosse, tennis, volleyball, wrestling, walking and outdoor activities. The Company’s portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

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