Bwcp LP Invests $21.27 Million in NIKE, Inc. (NYSE:NKE)

Bwcp LP purchased a new position in NIKE, Inc. (NYSE:NKE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 281,042 shares of the footwear maker's stock, valued at approximately $21,266,000. NIKE makes up approximately 4.6% of Bwcp LP's portfolio, making the stock its 11th largest holding.

A number of other institutional investors also recently added to or reduced their stakes in the stock. JNBA Financial Advisors grew its position in shares of NIKE by 1.3% in the 4th quarter. JNBA Financial Advisors now owns 10,045 shares of the footwear maker's stock valued at $760,000 after acquiring an additional 131 shares during the period. Nations Financial Group Inc. IA ADV increased its stake in shares of NIKE by 0.7% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 20,446 shares of the footwear maker's stock worth $1,547,000 after purchasing an additional 136 shares during the period. Elgethun Capital Management lifted its holdings in NIKE by 13.7% during the 4th quarter. Elgethun Capital Management now owns 1,236 shares of the footwear maker's stock worth $94,000 after purchasing an additional 149 shares during the last quarter. GAMMA Investing LLC boosted its stake in NIKE by 1.0% in the 4th quarter. GAMMA Investing LLC now owns 15,014 shares of the footwear maker's stock valued at $1,136,000 after purchasing an additional 150 shares during the period. Finally, Game Plan Financial Advisors LLC grew its holdings in NIKE by 11.1% in the 4th quarter. Game Plan Financial Advisors LLC now owns 1,500 shares of the footwear maker's stock valued at $114,000 after buying an additional 150 shares in the last quarter. Institutional investors own 64.25% of the company's stock.

Insider Buying and Selling at NIKE

In other news, Director Robert Holmes Swan purchased 8,600 shares of the company's stock in a transaction that occurred on Friday, April 4th. The shares were bought 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 of the company's stock, valued at approximately $1,869,726.18. This trade represents a 36.78 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Mark G. Parker sold 169,732 shares of the firm's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the sale, the chairman now owns 896,632 shares of the company's stock, valued at $65,301,708.56. This trade represents a 15.92 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on NKE. China Renaissance started coverage on NIKE in a report on Wednesday, March 19th. They set a "hold" rating for the company. The Goldman Sachs Group cut their price objective on shares of NIKE from $88.00 to $72.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Cfra Research raised shares of NIKE to a "moderate buy" rating in a report on Friday, March 21st. Williams Trading cut their price target on NIKE from $93.00 to $73.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Finally, Guggenheim reiterated a "buy" rating and set a $110.00 target price on shares of NIKE in a research report on Wednesday, February 12th. Seventeen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $80.85.

NIKE Trading Down 2.1 %

NYSE:NKE traded down $1.22 on Monday, reaching $57.37. 15,959,992 shares of the stock traded hands, compared to its average volume of 14,570,216. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $98.04. The company's 50 day moving average is $64.63 and its 200-day moving average is $72.00. The firm has a market capitalization of $84.86 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 2.52 and a beta of 1.15.

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

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be issued a $0.40 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.79%. NIKE's payout ratio is currently 53.16%.

NIKE 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.