Sender Co & Partners Inc. Makes New Investment in NIKE, Inc. (NYSE:NKE)

Sender Co & Partners Inc. bought a new stake in NIKE, Inc. (NYSE:NKE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 47,614 shares of the footwear maker's stock, valued at approximately $3,603,000. NIKE comprises 3.3% of Sender Co & Partners Inc.'s portfolio, making the stock its 8th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of NKE. Norges Bank acquired a new position in shares of NIKE during the 4th quarter worth about $1,126,288,000. Wellington Management Group LLP increased its stake in shares of NIKE by 32.4% during the 4th quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker's stock worth $2,749,903,000 after purchasing an additional 8,898,591 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of NIKE by 6,029.6% during the 4th quarter. Pacer Advisors Inc. now owns 6,821,270 shares of the footwear maker's stock worth $516,166,000 after purchasing an additional 6,709,985 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of NIKE by 18.1% during the 4th quarter. Bank of New York Mellon Corp now owns 20,367,993 shares of the footwear maker's stock worth $1,541,246,000 after purchasing an additional 3,121,929 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of NIKE by 1,302.7% in the fourth quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker's stock valued at $196,901,000 after purchasing an additional 2,416,601 shares during the period. Institutional investors and hedge funds own 64.25% of the company's stock.

NIKE Trading Up 0.7%

Shares of NYSE:NKE traded up $0.41 during midday trading on Tuesday, hitting $62.49. 10,764,253 shares of the stock were exchanged, compared to its average volume of 14,839,146. The stock has a market capitalization of $92.43 billion, a price-to-earnings ratio of 19.29, a P/E/G ratio of 2.52 and a beta of 1.23. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The business's 50-day moving average price is $60.84 and its 200 day moving average price is $70.54. 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 released its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.26. The company had revenue of $11.27 billion for the quarter, compared to analysts' expectations of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business's quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.98 earnings per share. Analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Monday, June 2nd. NIKE's dividend payout ratio (DPR) is currently 53.16%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NKE shares. Robert W. Baird reduced their target price on shares of NIKE from $105.00 to $99.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Citigroup lowered their target price on NIKE from $72.00 to $57.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Guggenheim reiterated a "buy" rating and set a $110.00 price objective on shares of NIKE in a research report on Wednesday, February 12th. Williams Trading lowered their price objective on NIKE from $93.00 to $73.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Finally, China Renaissance started coverage on NIKE in a research report on Wednesday, March 19th. They set a "hold" rating on the stock. Seventeen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $80.26.

Insider Transactions at NIKE

In other news, Director Robert Holmes Swan acquired 8,600 shares of the firm's stock in a transaction dated Friday, April 4th. The stock was bought at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the transaction, the director now directly owns 31,983 shares in the company, valued at $1,869,726.18. This represents a 36.78% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.10% of the company's stock.

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.