AMI Investment Management Inc. Purchases Shares of 23,098 NIKE, Inc. (NYSE:NKE)

AMI Investment Management Inc. acquired a new stake in NIKE, Inc. (NYSE:NKE - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 23,098 shares of the footwear maker's stock, valued at approximately $1,466,000.

A number of other large investors have also recently made changes to their positions in the business. 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 last quarter. Renaissance Technologies LLC lifted its holdings 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 in the last quarter. Capitolis Liquid Global Markets LLC boosted its position in shares of NIKE by 40.9% during the fourth quarter. Capitolis Liquid Global Markets LLC now owns 310,000 shares of the footwear maker's stock valued at $23,458,000 after buying an additional 90,000 shares during the last quarter. Janus Henderson Group PLC grew its holdings in NIKE by 8.3% during the fourth quarter. Janus Henderson Group PLC now owns 6,081,021 shares of the footwear maker's stock worth $460,160,000 after buying an additional 463,470 shares in the last quarter. Finally, Markel Group Inc. raised its position in NIKE by 0.8% in the 4th quarter. Markel Group Inc. now owns 432,400 shares of the footwear maker's stock valued at $32,720,000 after buying an additional 3,500 shares during the last quarter. 64.25% of the stock is owned by institutional investors.

NIKE Stock Performance

Shares of NKE opened at $62.64 on Friday. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $98.04. The stock's 50-day simple moving average is $58.90 and its 200 day simple moving average is $69.30. 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 stock has a market capitalization of $92.65 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23.

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. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $11.02 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. The company's revenue for the quarter was down 9.1% on a year-over-year basis. Research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The company 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 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Monday, June 2nd. NIKE's payout ratio is 53.16%.

Wall Street Analyst Weigh In

NKE has been the topic of a number of analyst reports. Jefferies Financial Group reaffirmed a "buy" rating on shares of NIKE in a report on Friday, May 23rd. Williams Trading cut their price target on shares of NIKE from $93.00 to $73.00 and set a "buy" rating on the stock in a report on Monday, April 21st. China Renaissance assumed coverage on shares of NIKE in a research report on Wednesday, March 19th. They issued a "hold" rating for the company. JPMorgan Chase & Co. dropped their target price on shares of NIKE from $64.00 to $56.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Finally, Needham & Company LLC reduced their target price on NIKE from $84.00 to $80.00 and set a "buy" rating for the company in a report on Monday, March 17th. Seventeen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $80.26.

Insider Buying and Selling at NIKE

In other NIKE news, Director Robert Holmes Swan bought 8,600 shares of the firm's stock in a transaction on Friday, April 4th. The shares were acquired at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the purchase, the director now directly owns 31,983 shares of the company's stock, valued at $1,869,726.18. The trade was a 36.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.10% of the company's stock.

NIKE Company 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.

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