NIKE, Inc. (NYSE:NKE) Shares Bought by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 4.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 373,339 shares of the footwear maker's stock after purchasing an additional 14,342 shares during the quarter. Fort Washington Investment Advisors Inc. OH's holdings in NIKE were worth $23,700,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of NKE. Wellington Management Group LLP grew its position in NIKE by 32.4% in the fourth quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker's stock worth $2,749,903,000 after acquiring an additional 8,898,591 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of NIKE by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 25,376,558 shares of the footwear maker's stock valued at $1,915,110,000 after purchasing an additional 347,178 shares during the last quarter. Capital World Investors boosted its holdings in shares of NIKE by 10.3% in the 4th quarter. Capital World Investors now owns 24,545,937 shares of the footwear maker's stock worth $1,857,389,000 after purchasing an additional 2,288,627 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of NIKE by 18.1% in the 4th quarter. Bank of New York Mellon Corp now owns 20,367,993 shares of the footwear maker's stock worth $1,541,246,000 after purchasing an additional 3,121,929 shares during the period. Finally, Norges Bank bought a new position in shares of NIKE during the 4th quarter valued at approximately $1,126,288,000. Institutional investors own 64.25% of the company's stock.

Insider Buying and Selling

In other news, Director Robert Holmes Swan purchased 8,600 shares of the business's stock in a transaction on Friday, April 4th. The shares were acquired at an average cost of $58.46 per share, with a total value of $502,756.00. Following the completion of 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company insiders.

NIKE Stock Down 3.8%

Shares of NYSE:NKE traded down $2.36 on Friday, reaching $60.44. The company had a trading volume of 16,491,618 shares, compared to its average volume of 15,169,330. The firm has a market capitalization of $89.40 billion, a PE ratio of 18.65, a PEG ratio of 2.52 and a beta of 1.21. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $98.04. The firm's 50 day simple moving average is $59.23 and its 200-day simple moving average is $68.85.

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

NIKE Dividend Announcement

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 paid a dividend of $0.40 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.65%. NIKE's dividend payout ratio (DPR) is presently 53.16%.

Wall Street Analyst Weigh In

Several research analysts have commented on NKE shares. Robert W. Baird dropped their price objective on shares of NIKE from $105.00 to $99.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Berenberg Bank began coverage on shares of NIKE in a research note on Tuesday, April 15th. They set a "hold" rating and a $58.00 price target for the company. Bank of America reduced their price objective on shares of NIKE from $90.00 to $80.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. The Goldman Sachs Group decreased their price objective on shares of NIKE from $88.00 to $72.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, BMO Capital Markets cut their target price on NIKE from $95.00 to $92.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Seventeen equities research 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's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $80.26.

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.