Landscape Capital Management L.L.C. Has $5.26 Million Stake in NIKE, Inc. $NKE

Key Points

• Landscape Capital Management L.L.C. increased its stake in NIKE, Inc. by 229.2%, owning a total of 82,792 shares valued at approximately $5.26 million as of its latest SEC filing.
• NIKE has a quarterly revenue of $11.10 billion, exceeding analyst estimates, although this represents a 11.9% decline year-over-year from the previous year's revenue.
• The company recently announced a quarterly dividend of $0.40 per share, reflecting an annualized yield of 2.0% and a payout ratio of 74.07%.

Landscape Capital Management L.L.C. increased its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 229.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 82,792 shares of the footwear maker's stock after acquiring an additional 57,643 shares during the period. Landscape Capital Management L.L.C.'s holdings in NIKE were worth $5,256,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NKE. Spire Wealth Management grew its stake in NIKE by 4.4% during the 1st quarter. Spire Wealth Management now owns 9,872 shares of the footwear maker's stock valued at $627,000 after acquiring an additional 416 shares in the last quarter. Capitolis Liquid Global Markets LLC increased 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 acquiring an additional 90,000 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of NIKE by 8.3% in the fourth 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 in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its stake in NIKE by 0.6% during the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,008,340 shares of the footwear maker's stock worth $69,932,000 after acquiring an additional 5,601 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp increased its stake in NIKE by 20.2% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 52,370 shares of the footwear maker's stock worth $3,963,000 after buying an additional 8,792 shares during the period. Institutional investors and hedge funds own 64.25% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on NKE. Telsey Advisory Group reaffirmed a "market perform" rating and set a $70.00 price objective on shares of NIKE in a research report on Friday, June 27th. Wall Street Zen downgraded shares of NIKE from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Hsbc Global Res raised shares of NIKE from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Barclays upped their target price on NIKE from $53.00 to $64.00 and gave the company an "equal weight" rating in a research note on Friday, June 27th. Finally, Citigroup lifted their target price on shares of NIKE from $57.00 to $68.00 and gave the stock a "neutral" rating in a research note on Friday, June 27th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $78.22.

Insider Activity at NIKE

In related news, Chairman Mark G. Parker sold 86,078 shares of NIKE stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $75.93, for a total transaction of $6,535,902.54. Following the transaction, the chairman directly owned 744,988 shares of the company's stock, valued at $56,566,938.84. The trade was a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.80% of the company's stock.

NIKE Stock Down 0.7%

Shares of NKE traded down $0.58 during midday trading on Friday, hitting $77.34. The company had a trading volume of 14,203,244 shares, compared to its average volume of 8,739,668. The stock has a market cap of $114.22 billion, a price-to-earnings ratio of 35.81, a PEG ratio of 2.81 and a beta of 1.27. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $90.62. The company's 50 day moving average price is $74.32 and its 200 day moving average price is $67.90. The company has a quick ratio of 1.50, a current ratio of 2.21 and a debt-to-equity ratio of 0.60.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings results on Thursday, June 26th. The footwear maker reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. The company had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $10.69 billion. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The company's revenue for the quarter was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 earnings per share. On average, equities research analysts predict that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.1%. NIKE's dividend payout ratio (DPR) is 74.07%.

NIKE 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.