NIKE, Inc. (NYSE:NKE) Shares Bought by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 12.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 227,987 shares of the footwear maker's stock after buying an additional 25,847 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in NIKE were worth $17,252,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of NKE. Heck Capital Advisors LLC acquired a new stake in shares of NIKE in the fourth quarter worth approximately $28,000. Caitlin John LLC boosted its holdings in shares of NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. Roxbury Financial LLC purchased a new stake in shares of NIKE during the 4th quarter valued at $30,000. LFA Lugano Financial Advisors SA increased its holdings in shares of NIKE by 110.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock worth $30,000 after buying an additional 210 shares during the last quarter. Finally, Hopwood Financial Services Inc. purchased a new position in shares of NIKE in the 4th quarter worth $30,000. Institutional investors and hedge funds own 64.25% of the company's stock.

Insiders Place Their Bets

In related news, Director Robert Holmes Swan purchased 8,600 shares of the company's stock in a transaction on 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 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 purchase was disclosed in a document filed with the SEC, which is available through this link. 1.10% of the stock is owned by insiders.

NIKE Stock Performance

NYSE NKE traded up $2.26 during trading hours on Tuesday, reaching $62.28. The company's stock had a trading volume of 6,269,718 shares, compared to its average volume of 14,938,782. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The business has a 50-day simple moving average of $59.63 and a 200 day simple moving average of $70.00. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $98.04. The stock has a market cap of $92.12 billion, a PE ratio of 19.25, a PEG ratio of 2.52 and a beta of 1.23.

NIKE (NYSE:NKE - Get Free Report) last issued its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $11.02 billion. During the same period last year, the company earned $0.98 earnings per share. The firm's revenue for the quarter was down 9.1% on a year-over-year basis. Equities 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 announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Monday, June 2nd. NIKE's payout ratio is 53.16%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NKE. UBS Group dropped their price target on NIKE from $73.00 to $66.00 and set a "neutral" rating for the company in a research note on Friday, March 21st. Royal Bank of Canada dropped their target price on shares of NIKE from $66.00 to $65.00 and set a "sector perform" rating for the company in a research report on Tuesday, May 20th. Guggenheim restated a "buy" rating and issued a $110.00 price target on shares of NIKE in a report on Wednesday, February 12th. Stifel Nicolaus dropped their price objective on shares of NIKE from $75.00 to $64.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Finally, JPMorgan Chase & Co. cut their target price on shares of NIKE from $64.00 to $56.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Seventeen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $80.26.

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.