Oppenheimer Asset Management Inc. Grows Stock Holdings in NIKE, Inc. (NYSE:NKE)

Oppenheimer Asset Management Inc. grew its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 14.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 182,625 shares of the footwear maker's stock after purchasing an additional 22,417 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in NIKE were worth $11,593,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Verde Servicos Internacionais S.A. boosted its stake in shares of NIKE by 14.0% in the first quarter. Verde Servicos Internacionais S.A. now owns 134,400 shares of the footwear maker's stock valued at $8,532,000 after purchasing an additional 16,497 shares during the period. Flagship Harbor Advisors LLC boosted its stake in shares of NIKE by 6.8% in the first quarter. Flagship Harbor Advisors LLC now owns 13,732 shares of the footwear maker's stock valued at $872,000 after purchasing an additional 870 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in NIKE by 9.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 122,092 shares of the footwear maker's stock worth $7,750,000 after acquiring an additional 10,823 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its stake in NIKE by 30.0% in the first quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 34,388 shares of the footwear maker's stock worth $2,183,000 after acquiring an additional 7,927 shares during the last quarter. Finally, Vantage Investment Partners LLC lifted its stake in NIKE by 10.6% in the first quarter. Vantage Investment Partners LLC now owns 509,318 shares of the footwear maker's stock worth $32,332,000 after acquiring an additional 48,856 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. China Renaissance assumed coverage on shares of NIKE in a research note on Wednesday, March 19th. They issued a "hold" rating for the company. JPMorgan Chase & Co. decreased their price target on shares of NIKE from $64.00 to $56.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Williams Trading decreased their price target 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. Citigroup decreased their price target on shares of NIKE from $72.00 to $57.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Finally, Robert W. Baird decreased their price target on shares of NIKE from $105.00 to $99.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Sixteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $77.59.

Insider Buying and Selling at NIKE

In related news, Director Robert Holmes Swan purchased 8,600 shares of the stock in a transaction dated Friday, April 4th. The shares were acquired at an average cost of $58.46 per share, with a total value of $502,756.00. Following the purchase, the director now directly 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 legal filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

NIKE Stock Performance

Shares of NIKE stock traded down $0.58 during trading on Wednesday, reaching $60.84. The company's stock had a trading volume of 12,144,584 shares, compared to its average volume of 15,318,760. The company has a current ratio of 2.19, a quick ratio of 1.52 and a debt-to-equity ratio of 0.57. The firm has a market cap of $89.99 billion, a PE ratio of 20.21, a P/E/G ratio of 2.21 and a beta of 1.21. The company has a 50-day moving average price of $60.17 and a two-hundred day moving average price of $67.73. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $94.74.

NIKE Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.60 annualized dividend and a yield of 2.63%. NIKE's dividend payout ratio is currently 53.16%.

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.