Money Concepts Capital Corp Has $1.61 Million Stock Position in NIKE, Inc. (NYSE:NKE)

Money Concepts Capital Corp increased its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 65.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,345 shares of the footwear maker's stock after acquiring an additional 10,005 shares during the period. Money Concepts Capital Corp's holdings in NIKE were worth $1,609,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. 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 valued at $196,901,000 after buying an additional 2,416,601 shares in the last quarter. Capitolis Liquid Global Markets LLC boosted its position in NIKE by 40.9% in the fourth quarter. Capitolis Liquid Global Markets LLC now owns 310,000 shares of the footwear maker's stock valued at $23,458,000 after buying an additional 90,000 shares in the last quarter. Janus Henderson Group PLC boosted its position in NIKE by 8.3% in the fourth quarter. Janus Henderson Group PLC now owns 6,081,021 shares of the footwear maker's stock valued at $460,160,000 after buying an additional 463,470 shares in the last quarter. Markel Group Inc. boosted its position in NIKE by 0.8% in the fourth quarter. Markel Group Inc. now owns 432,400 shares of the footwear maker's stock valued at $32,720,000 after buying an additional 3,500 shares in the last quarter. Finally, Evergreen Capital Management LLC boosted its position in NIKE by 3.3% in the fourth quarter. Evergreen Capital Management LLC now owns 237,199 shares of the footwear maker's stock valued at $18,042,000 after buying an additional 7,536 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company's stock.

Insider Buying and Selling 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 cost of $58.46 per share, with a total value of $502,756.00. Following the completion of the purchase, the director now owns 31,983 shares in the company, valued at approximately $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 can be accessed through this link. Insiders own 1.10% of the company's stock.

NIKE Trading Up 15.3%

NYSE NKE traded up $9.55 during mid-day trading on Friday, reaching $72.09. 117,428,527 shares of the stock were exchanged, compared to its average volume of 15,803,806. NIKE, Inc. has a one year low of $52.28 and a one year high of $90.62. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.19 and a quick ratio of 1.52. The stock has a market cap of $106.63 billion, a P/E ratio of 33.38, a P/E/G ratio of 2.29 and a beta of 1.21. The stock has a 50 day simple moving average of $60.63 and a 200-day simple moving average of $67.60.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings results on Thursday, June 26th. The footwear maker reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. NIKE had a net margin of 6.95% and a return on equity of 23.00%. The firm had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $10.69 billion. During the same period in the previous year, the firm posted $0.99 earnings per share. The business's revenue was down 11.9% compared to the same quarter last year. On average, analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The business 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 $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Monday, June 2nd. NIKE's dividend payout ratio (DPR) is currently 53.16%.

Analyst Upgrades and Downgrades

NKE has been the topic of a number of research analyst reports. Royal Bank Of Canada cut their target price on shares of NIKE from $66.00 to $65.00 and set a "sector perform" rating on the stock in a research report on Tuesday, May 20th. The Goldman Sachs Group raised their target price on shares of NIKE from $72.00 to $81.00 and gave the company a "buy" rating in a research report on Friday. Wells Fargo & Company raised their target price on shares of NIKE from $55.00 to $60.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Williams Trading cut their target price on shares of NIKE from $93.00 to $73.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Finally, Needham & Company LLC lifted their price target on shares of NIKE from $66.00 to $78.00 and gave the stock a "buy" rating in a report on Friday. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $79.33.

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.