631,530 Shares in NIKE, Inc. (NYSE:NKE) Purchased by BLI Banque de Luxembourg Investments

BLI Banque de Luxembourg Investments bought a new position in NIKE, Inc. (NYSE:NKE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 631,530 shares of the footwear maker's stock, valued at approximately $45,765,000. NIKE comprises approximately 1.2% of BLI Banque de Luxembourg Investments' portfolio, making the stock its 29th largest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Range Financial Group LLC acquired a new position in shares of NIKE during the fourth quarter valued at $642,000. Capricorn Fund Managers Ltd bought a new stake in NIKE in the 4th quarter valued at about $5,384,000. Klein Pavlis & Peasley Financial Inc. boosted its stake 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 valued at $1,955,000 after purchasing an additional 6,124 shares during the period. FNY Investment Advisers LLC grew its position in NIKE by 5,745.9% in 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. Finally, Renaissance Technologies LLC increased its stake 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. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Trading Up 3.3 %

Shares of NKE stock opened at $58.65 on Friday. The stock has a 50 day simple moving average of $64.63 and a 200 day simple moving average of $72.08. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $98.04. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The stock has a market cap of $86.75 billion, a P/E ratio of 18.10, a price-to-earnings-growth ratio of 2.52 and a beta of 1.15.

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

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors 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 2.73%. The ex-dividend date is Monday, June 2nd. NIKE's dividend payout ratio (DPR) is presently 53.16%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NKE shares. Jefferies Financial Group upgraded NIKE from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $75.00 to $115.00 in a research report on Monday, February 24th. Citigroup reduced their price target on NIKE from $72.00 to $57.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Cfra Research raised NIKE to a "moderate buy" rating in a report on Friday, March 21st. Dbs Bank raised shares of NIKE from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Finally, Morgan Stanley lowered their target price on shares of NIKE from $72.00 to $70.00 and set an "equal weight" rating on the stock in a research note on Friday, March 21st. Seventeen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $81.15.

Insider Buying and Selling

In related news, Director Robert Holmes Swan bought 8,600 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average cost of $58.46 per share, with a total value of $502,756.00. Following the transaction, the director now directly owns 31,983 shares in the company, valued at approximately $1,869,726.18. This trade represents a 36.78 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the company's stock in a transaction dated Friday, February 14th. The shares were 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 owns 896,632 shares in the company, 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. 1.10% of the stock is owned by corporate insiders.

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.

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