PFG Investments LLC Has $516,000 Stock Holdings in NIKE, Inc. (NYSE:NKE)

PFG Investments LLC decreased its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 68.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,124 shares of the footwear maker's stock after selling 17,827 shares during the period. PFG Investments LLC's holdings in NIKE were worth $516,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Renaissance Technologies LLC raised its stake in NIKE by 1,302.7% during the 4th quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker's stock worth $196,901,000 after acquiring an additional 2,416,601 shares in the last quarter. Capitolis Liquid Global Markets LLC raised its holdings in NIKE by 40.9% during the fourth quarter. Capitolis Liquid Global Markets LLC now owns 310,000 shares of the footwear maker's stock worth $23,458,000 after purchasing an additional 90,000 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of NIKE by 8.3% during the 4th quarter. Janus Henderson Group PLC now owns 6,081,021 shares of the footwear maker's stock worth $460,160,000 after buying an additional 463,470 shares in the last quarter. Markel Group Inc. lifted its holdings in shares of NIKE by 0.8% in the 4th 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 during the period. Finally, Evergreen Capital Management LLC boosted its stake in shares of 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. Hedge funds and other institutional investors own 64.25% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on NKE shares. Jefferies Financial Group reaffirmed a "buy" rating on shares of NIKE in a research note on Friday, May 23rd. Dbs Bank upgraded shares of NIKE from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Berenberg Bank initiated coverage on shares of NIKE in a report on Tuesday, April 15th. They issued a "hold" rating and a $58.00 target price for the company. BMO Capital Markets decreased their price target on NIKE from $95.00 to $92.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Finally, Williams Trading lowered their price target on NIKE from $93.00 to $73.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Sixteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.59.

NIKE Price Performance

Shares of NYSE NKE traded down $0.58 during mid-day trading on Wednesday, hitting $60.84. 12,144,584 shares of the stock were exchanged, compared to its average volume of 15,318,760. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $94.74. The stock's fifty day simple moving average is $60.17 and its two-hundred day simple moving average is $67.73. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.52 and a current ratio of 2.19. The company has a market cap of $89.99 billion, a P/E ratio of 20.21, a PEG ratio of 2.21 and a beta of 1.21.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders 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 annualized dividend and a dividend yield of 2.63%. NIKE's dividend payout ratio (DPR) is currently 53.16%.

Insider Activity at NIKE

In other NIKE news, Director Robert Holmes Swan bought 8,600 shares of the stock in a transaction on Friday, April 4th. The stock was purchased at an average price of $58.46 per share, with a total value of $502,756.00. Following the acquisition, the director now owns 31,983 shares of the company's stock, valued at approximately $1,869,726.18. The trade was a 36.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by company insiders.

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.