NIKE, Inc. (NYSE:NKE) Shares Acquired by Pacifica Partners Inc.

Pacifica Partners Inc. grew its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 77.2% during the first quarter, according to the company in its most recent disclosure with the Securities and 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Brighton Jones LLC lifted its stake in NIKE by 388.5% in the fourth quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker's stock valued at $15,316,000 after buying an additional 160,980 shares during the last quarter. Foundations Investment Advisors LLC increased its stake in NIKE by 10.6% in the fourth quarter. Foundations Investment Advisors LLC now owns 5,314 shares of the footwear maker's stock valued at $402,000 after purchasing an additional 510 shares during the period. Hanson & Doremus Investment Management lifted its position in NIKE by 47.4% during the 4th quarter. Hanson & Doremus Investment Management now owns 746 shares of the footwear maker's stock worth $56,000 after acquiring an additional 240 shares during the period. Capital Investment Advisory Services LLC grew its stake in shares of NIKE by 22.6% in the 4th quarter. Capital Investment Advisory Services LLC now owns 5,835 shares of the footwear maker's stock valued at $442,000 after purchasing an additional 1,077 shares during the last quarter. Finally, SOL Capital Management CO raised its stake in shares of NIKE by 5.1% during the fourth quarter. SOL Capital Management CO now owns 6,071 shares of the footwear maker's stock worth $459,000 after purchasing an additional 295 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company's stock.

Insider Transactions at NIKE

In related news, Director Robert Holmes Swan purchased 8,600 shares of the firm's stock in a transaction on Friday, April 4th. The stock was purchased at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the acquisition, the director now directly owns 31,983 shares in the company, valued at $1,869,726.18. The trade was a 36.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.10% of the company's stock.

NIKE Trading Up 0.5%

Shares of NYSE:NKE traded up $0.31 during trading on Wednesday, reaching $62.68. The stock had a trading volume of 4,984,192 shares, compared to its average volume of 15,000,228. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The stock has a market cap of $92.71 billion, a P/E ratio of 19.35, a PEG ratio of 2.52 and a beta of 1.23. The business has a fifty day moving average price of $58.93 and a 200-day moving average price of $69.43. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $98.04.

NIKE (NYSE:NKE - Get Free Report) last released its earnings results on Thursday, March 20th. The footwear maker reported $0.54 EPS 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 analyst estimates of $11.02 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. The business's quarterly revenue was down 9.1% compared to the same quarter last year. As a group, analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.55%. NIKE's payout ratio is currently 53.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NKE shares. Wells Fargo & Company upped their price objective on shares of NIKE from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. Telsey Advisory Group cut their price objective on NIKE from $80.00 to $70.00 and set a "market perform" rating for the company in a research report on Tuesday, May 6th. The Goldman Sachs Group decreased their target price on shares of NIKE from $88.00 to $72.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Williams Trading reduced their price objective on shares of NIKE from $93.00 to $73.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Finally, Stifel Nicolaus lowered their target price 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. Seventeen investment 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 a consensus rating of "Moderate Buy" and an average price target of $80.26.

NIKE Company 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.