Vident Advisory LLC Boosts Stock Position in NIKE, Inc. (NYSE:NKE)

Vident Advisory LLC boosted its position in NIKE, Inc. (NYSE:NKE - Free Report) by 13.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 53,572 shares of the footwear maker's stock after purchasing an additional 6,477 shares during the period. Vident Advisory LLC's holdings in NIKE were worth $4,054,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of NKE. Norges Bank purchased a new position in NIKE in the fourth quarter worth about $1,126,288,000. Wellington Management Group LLP boosted 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 purchasing an additional 8,898,591 shares during the last quarter. Pacer Advisors Inc. boosted its position in NIKE by 6,029.6% in the fourth quarter. Pacer Advisors Inc. now owns 6,821,270 shares of the footwear maker's stock worth $516,166,000 after purchasing an additional 6,709,985 shares during the last quarter. Bank of New York Mellon Corp boosted its position in NIKE by 18.1% in the fourth 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 last quarter. Finally, Renaissance Technologies LLC boosted its position in NIKE by 1,302.7% in the fourth quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker's stock worth $196,901,000 after purchasing an additional 2,416,601 shares during the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Williams Trading dropped their target price on NIKE from $93.00 to $73.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Jefferies Financial Group raised NIKE from a "hold" rating to a "buy" rating and lifted their price objective for the company from $75.00 to $115.00 in a research report on Monday, February 24th. Citigroup lowered their price objective on NIKE from $72.00 to $57.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Royal Bank of Canada lowered their price objective on NIKE from $66.00 to $65.00 and set a "sector perform" rating on the stock in a research report on Tuesday. Finally, Wells Fargo & Company lifted their price objective on NIKE from $55.00 to $60.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Seventeen analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $80.26.

NIKE Price Performance

NYSE:NKE traded down $1.30 during trading hours on Friday, reaching $60.02. The stock had a trading volume of 14,271,999 shares, compared to its average volume of 14,940,172. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $98.04. The company has a 50 day moving average price of $59.88 and a two-hundred day moving average price of $70.18. The stock has a market capitalization of $88.78 billion, a PE ratio of 18.52, a PEG ratio of 2.52 and a beta of 1.23.

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

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Monday, June 2nd. NIKE's dividend payout ratio is currently 53.16%.

Insider Activity

In related news, Director Robert Holmes Swan bought 8,600 shares of the business's stock in a transaction dated Friday, April 4th. The shares were purchased at an average price of $58.46 per share, with a total value of $502,756.00. Following the transaction, the director now owns 31,983 shares in the company, valued at $1,869,726.18. This trade represents a 36.78% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.10% of the company's stock.

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.