Capitolis Liquid Global Markets LLC Raises Holdings in NIKE, Inc. (NYSE:NKE)

Capitolis Liquid Global Markets LLC boosted its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 40.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 310,000 shares of the footwear maker's stock after buying an additional 90,000 shares during the period. Capitolis Liquid Global Markets LLC's holdings in NIKE were worth $23,458,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. JNBA Financial Advisors grew its position in NIKE by 1.3% in the fourth quarter. JNBA Financial Advisors now owns 10,045 shares of the footwear maker's stock worth $760,000 after acquiring an additional 131 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its stake in shares of NIKE by 0.7% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 20,446 shares of the footwear maker's stock valued at $1,547,000 after purchasing an additional 136 shares during the last quarter. Elgethun Capital Management boosted its holdings in shares of NIKE by 13.7% in 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 period. Game Plan Financial Advisors LLC raised its holdings in NIKE by 11.1% during 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 during the period. Finally, AlTi Global Inc. raised its holdings in NIKE by 0.4% during the 4th quarter. AlTi Global Inc. now owns 36,996 shares of the footwear maker's stock valued at $2,813,000 after buying an additional 150 shares during the period. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other NIKE news, Director Robert Holmes Swan purchased 8,600 shares of NIKE stock in a transaction that occurred on Friday, April 4th. The stock was bought at an average price of $58.46 per share, with a total value of $502,756.00. Following the acquisition, the director now owns 31,983 shares of the company's stock, valued at $1,869,726.18. This trade represents a 36.78 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Mark G. Parker sold 169,732 shares of the firm's stock in a transaction that occurred on 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 directly owns 896,632 shares in the company, valued at approximately $65,301,708.56. The trade was a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Needham & Company LLC reduced their target price on shares of NIKE from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Guggenheim reissued a "buy" rating and issued a $110.00 price objective on shares of NIKE in a research note on Wednesday, February 12th. Berenberg Bank initiated coverage on NIKE in a report on Tuesday, April 15th. They issued a "hold" rating and a $58.00 price target on the stock. UBS Group dropped their price objective on NIKE from $73.00 to $66.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Finally, Jefferies Financial Group upgraded NIKE from a "hold" rating to a "buy" rating and lifted their target price for the stock from $75.00 to $115.00 in a research report on Monday, February 24th. Seventeen equities research 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 company's stock. According to MarketBeat.com, NIKE presently has a consensus rating of "Moderate Buy" and an average price target of $80.48.

NIKE Stock Performance

NYSE:NKE traded down $0.56 during midday trading on Friday, hitting $58.35. The company's stock had a trading volume of 13,927,237 shares, compared to its average volume of 14,709,636. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $98.04. 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 has a market cap of $86.31 billion, a P/E ratio of 18.01, a P/E/G ratio of 2.52 and a beta of 1.23. The firm's 50 day moving average is $62.52 and its 200-day moving average is $71.25.

NIKE (NYSE:NKE - Get Free Report) last issued its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.26. The firm had revenue of $11.27 billion during the quarter, compared to analysts' expectations of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm's revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.98 earnings per share. Equities analysts anticipate 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. Shareholders of record on Monday, June 2nd will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Monday, June 2nd. NIKE's payout ratio is presently 53.16%.

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.