Cambridge Investment Research Advisors Inc. Increases Position in NIKE, Inc. (NYSE:NKE)

Cambridge Investment Research Advisors Inc. raised its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 9.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 122,092 shares of the footwear maker's stock after buying an additional 10,823 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in NIKE were worth $7,750,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of NKE. Norges Bank purchased a new position in NIKE during the 4th quarter valued at about $1,126,288,000. Wellington Management Group LLP boosted its stake in shares of NIKE by 32.4% in the fourth quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker's stock valued at $2,749,903,000 after purchasing an additional 8,898,591 shares during the period. Renaissance Technologies LLC grew 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. Capital World Investors grew its holdings in shares of NIKE by 10.3% in the fourth quarter. Capital World Investors now owns 24,545,937 shares of the footwear maker's stock valued at $1,857,389,000 after purchasing an additional 2,288,627 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in NIKE during the 4th quarter worth approximately $156,438,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Price Performance

Shares of NYSE:NKE opened at $62.71 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.52 and a current ratio of 2.19. NIKE, Inc. has a one year low of $52.28 and a one year high of $94.74. The company has a 50-day simple moving average of $60.31 and a 200-day simple moving average of $67.63. The stock has a market capitalization of $92.75 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 2.23 and a beta of 1.21.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. NIKE had a return on equity of 32.18% and a net margin of 9.43%. The company had revenue of $11.10 billion during the quarter, compared to analysts' expectations of $10.69 billion. During the same period last year, the firm earned $0.99 EPS. The firm's revenue for the quarter was down 11.9% on a year-over-year basis. On average, analysts predict that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be given 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 2.55%. NIKE's dividend payout ratio (DPR) is 53.16%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Barclays decreased their price target on shares of NIKE from $60.00 to $53.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. Williams Trading lowered their target price on NIKE from $93.00 to $73.00 and set a "buy" rating for the company in a research note on Monday, April 21st. JPMorgan Chase & Co. cut their price target on NIKE from $64.00 to $56.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. The Goldman Sachs Group decreased their price objective on NIKE from $88.00 to $72.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, Dbs Bank raised NIKE from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Sixteen 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 company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $77.59.

Insider Buying and Selling at NIKE

In other NIKE news, Director Robert Holmes Swan acquired 8,600 shares of the stock in a transaction on Friday, April 4th. The shares were 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by corporate insiders.

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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