NIKE, Inc. (NYSE:NKE) Shares Bought by New England Research & Management Inc.

New England Research & Management Inc. increased its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 35.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,475 shares of the footwear maker's stock after purchasing an additional 4,550 shares during the quarter. New England Research & Management Inc.'s holdings in NIKE were worth $1,109,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Renaissance Technologies LLC grew its holdings in NIKE by 1,302.7% during the fourth quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker's stock worth $196,901,000 after acquiring an additional 2,416,601 shares during the period. Capitolis Liquid Global Markets LLC raised its holdings 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 worth $23,458,000 after purchasing an additional 90,000 shares in the last quarter. Janus Henderson Group PLC raised its holdings 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 worth $460,160,000 after purchasing an additional 463,470 shares in the last quarter. Markel Group Inc. lifted its stake in NIKE by 0.8% during the fourth quarter. Markel Group Inc. now owns 432,400 shares of the footwear maker's stock valued at $32,720,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its holdings in NIKE by 3.3% during the fourth quarter. Evergreen Capital Management LLC now owns 237,199 shares of the footwear maker's stock worth $18,042,000 after buying an additional 7,536 shares in the last quarter. Institutional investors own 64.25% of the company's stock.

Insider Buying and Selling

In other NIKE news, Director Robert Holmes Swan bought 8,600 shares of the firm's stock in a transaction dated Friday, April 4th. The shares were purchased at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the transaction, the director now owns 31,983 shares of the company's stock, valued at $1,869,726.18. This represents a 36.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NKE. Stifel Nicolaus lowered their price objective on shares of NIKE from $75.00 to $64.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Berenberg Bank assumed coverage on NIKE in a report on Tuesday, April 15th. They set a "hold" rating and a $58.00 target price on the stock. Robert W. Baird cut their target price on shares of NIKE from $105.00 to $99.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. China Renaissance initiated coverage on shares of NIKE in a research report on Wednesday, March 19th. They issued a "hold" rating on the stock. Finally, JPMorgan Chase & Co. cut their target price on NIKE from $64.00 to $56.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Seventeen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $80.26.

NIKE Price Performance

NIKE stock traded down $2.36 during midday trading on Friday, hitting $60.44. 16,491,618 shares of the company's stock were exchanged, compared to its average volume of 15,169,340. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $98.04. The company has a market cap of $89.40 billion, a P/E ratio of 18.65, a PEG ratio of 2.52 and a beta of 1.21. 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 50-day moving average price of $59.38 and a two-hundred day moving average price of $68.73.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.26. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The firm had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The business's revenue was down 9.1% on a year-over-year basis. On average, equities research analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Monday, June 2nd. NIKE's dividend payout ratio (DPR) is presently 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.