CWC Advisors LLC. Buys 14,119 Shares of NIKE, Inc. (NYSE:NKE)

CWC Advisors LLC. raised its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 179.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,003 shares of the footwear maker's stock after purchasing an additional 14,119 shares during the quarter. CWC Advisors LLC.'s holdings in NIKE were worth $1,397,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Renaissance Technologies LLC increased its stake in shares of NIKE by 1,302.7% in the 4th quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker's stock valued at $196,901,000 after buying an additional 2,416,601 shares during the period. Capitolis Liquid Global Markets LLC increased its stake in shares of NIKE by 40.9% in the 4th 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 period. Janus Henderson Group PLC increased its stake in shares of NIKE by 8.3% in the 4th quarter. Janus Henderson Group PLC now owns 6,081,021 shares of the footwear maker's stock valued at $460,160,000 after buying an additional 463,470 shares during the period. Markel Group Inc. increased its stake in shares of 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 period. Finally, Evergreen Capital Management LLC increased its stake in shares of NIKE by 3.3% in the 4th quarter. Evergreen Capital Management LLC now owns 237,199 shares of the footwear maker's stock valued at $18,042,000 after buying an additional 7,536 shares during the period. Institutional investors own 64.25% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Evercore ISI lowered their target price on NIKE from $97.00 to $75.00 and set an "outperform" rating for the company in a research note on Tuesday. JPMorgan Chase & Co. lifted their target price on NIKE from $56.00 to $64.00 and gave the company a "neutral" rating in a research note on Friday. Needham & Company LLC lifted their target price on NIKE from $66.00 to $78.00 and gave the company a "buy" rating in a research note on Friday. Wells Fargo & Company lifted their target price on NIKE from $55.00 to $60.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Finally, Citigroup lifted their target price on NIKE from $57.00 to $68.00 and gave the company a "neutral" rating in a research note on Friday. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $79.33.

Insider Activity

In other news, Director Robert Holmes Swan purchased 8,600 shares of the business's stock in a transaction dated Friday, April 4th. The shares were bought at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the acquisition, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company's stock.

NIKE Trading Up 15.3%

NKE stock traded up $9.55 during midday trading on Friday, hitting $72.09. 117,428,527 shares of the company's stock were exchanged, compared to its average volume of 15,803,806. The stock's fifty day moving average price is $60.63 and its 200-day moving average price is $67.60. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.52 and a current ratio of 2.19. The company has a market cap of $106.63 billion, a PE ratio of 33.38, a price-to-earnings-growth ratio of 2.29 and a beta of 1.21. NIKE, Inc. has a one year low of $52.28 and a one year high of $90.62.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings results on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. The company had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.69 billion. NIKE had a return on equity of 23.00% and a net margin of 6.95%. The company's quarterly revenue was down 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 earnings per share. Research analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

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 $0.40 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.22%. NIKE's dividend payout ratio (DPR) is 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.