Pacifica Partners Inc. Acquires 12,518 Shares of NIKE, Inc. (NYSE:NKE)

Pacifica Partners Inc. boosted its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 77.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,725 shares of the footwear maker's stock after purchasing an additional 12,518 shares during the quarter. Pacifica Partners Inc.'s holdings in NIKE were worth $1,823,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Heck Capital Advisors LLC bought a new position in NIKE in the 4th quarter valued at about $28,000. Caitlin John LLC grew its holdings in shares of NIKE by 117.0% during 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 bought a new stake in shares of NIKE during the 4th quarter valued at approximately $30,000. LFA Lugano Financial Advisors SA grew 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 valued at $30,000 after purchasing an additional 210 shares during the last quarter. Finally, Hopwood Financial Services Inc. bought a new stake in shares of NIKE during the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 64.25% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Williams Trading decreased their price target on shares of NIKE from $93.00 to $73.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Dbs Bank raised shares of NIKE from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Morgan Stanley decreased their price target on shares of NIKE from $72.00 to $70.00 and set an "equal weight" rating on the stock in a report on Friday, March 21st. Robert W. Baird decreased their price target on shares of NIKE from $105.00 to $99.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Finally, Berenberg Bank initiated coverage on shares of NIKE in a report on Tuesday, April 15th. They set a "hold" rating and a $58.00 price target on the stock. Seventeen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, NIKE presently has an average rating of "Moderate Buy" and a consensus target price of $80.26.

NIKE Stock Up 1.6%

Shares of NIKE stock traded up $0.99 during trading on Monday, reaching $61.58. 14,051,958 shares of the company traded hands, compared to its average volume of 15,036,916. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $98.04. The company has a 50 day moving average price of $59.08 and a 200-day moving average price of $69.58. The firm has a market capitalization of $91.08 billion, a PE ratio of 19.01, a P/E/G ratio of 2.52 and a beta of 1.23.

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

NIKE Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Monday, June 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.60%. NIKE's dividend payout ratio (DPR) is presently 53.16%.

Insider Buying and Selling at NIKE

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

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.