Occudo Quantitative Strategies LP Takes Position in NIKE, Inc. (NYSE:NKE)

Occudo Quantitative Strategies LP bought a new stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 19,183 shares of the footwear maker's stock, valued at approximately $1,452,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Heck Capital Advisors LLC acquired a new stake in shares of NIKE in the fourth quarter worth $28,000. Caitlin John LLC increased its position in shares of NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock valued at $28,000 after buying an additional 200 shares in the last quarter. Roxbury Financial LLC bought a new position in shares of NIKE during the fourth quarter worth about $30,000. LFA Lugano Financial Advisors SA boosted its stake in shares of NIKE by 110.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock worth $30,000 after acquiring an additional 210 shares during the period. Finally, Hopwood Financial Services Inc. acquired a new stake in NIKE during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 64.25% of the company's stock.

NIKE Stock Up 1.2%

Shares of NIKE stock traded up $0.73 during trading on Friday, hitting $63.13. 12,902,903 shares of the stock were exchanged, compared to its average volume of 14,822,494. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The firm's 50-day moving average price is $61.29 and its 200 day moving average price is $70.85. The stock has a market cap of $93.38 billion, a price-to-earnings ratio of 19.48, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $98.04.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.26. The company had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. NIKE's revenue for the quarter was down 9.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 EPS. As a group, analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be given a dividend of $0.40 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.53%. NIKE's dividend payout ratio is presently 53.16%.

Insider Activity

In related news, Director Robert Holmes Swan purchased 8,600 shares of NIKE stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average cost of $58.46 per share, with a total value of $502,756.00. Following the completion of the transaction, the director now directly owns 31,983 shares in the company, valued at approximately $1,869,726.18. The trade was a 36.78% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on NKE shares. Telsey Advisory Group lowered their target price on NIKE from $80.00 to $70.00 and set a "market perform" rating for the company in a research note on Tuesday, May 6th. Jefferies Financial Group upgraded NIKE from a "hold" rating to a "buy" rating and boosted their price objective for the company from $75.00 to $115.00 in a research note on Monday, February 24th. BMO Capital Markets dropped their price target on NIKE from $95.00 to $92.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Cfra Research upgraded NIKE to a "moderate buy" rating in a report on Friday, March 21st. Finally, Berenberg Bank began coverage on NIKE in a research report on Tuesday, April 15th. They issued a "hold" rating and a $58.00 price objective on the stock. Seventeen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, NIKE has an average rating of "Moderate Buy" and an average price target of $80.30.

About NIKE

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.