Public Employees Retirement System of Ohio Sells 28,872 Shares of NIKE, Inc. (NYSE:NKE)

Public Employees Retirement System of Ohio trimmed its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 5.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 527,455 shares of the footwear maker's stock after selling 28,872 shares during the period. Public Employees Retirement System of Ohio's holdings in NIKE were worth $39,913,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of NKE. Norges Bank purchased a new position in shares of NIKE in the fourth quarter valued at $1,126,288,000. Wellington Management Group LLP grew its holdings in NIKE by 32.4% during the 4th quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker's stock valued at $2,749,903,000 after buying an additional 8,898,591 shares in the last quarter. Pacer Advisors Inc. grew its holdings in NIKE by 6,029.6% during the 4th quarter. Pacer Advisors Inc. now owns 6,821,270 shares of the footwear maker's stock valued at $516,166,000 after buying an additional 6,709,985 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of NIKE by 18.1% during the fourth quarter. Bank of New York Mellon Corp now owns 20,367,993 shares of the footwear maker's stock valued at $1,541,246,000 after buying an additional 3,121,929 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of NIKE by 1,302.7% in the fourth quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker's stock worth $196,901,000 after buying an additional 2,416,601 shares in the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NIKE

In other news, Director Robert Holmes Swan purchased 8,600 shares of the company's stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the transaction, the director now directly 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NKE. Robert W. Baird decreased their target price 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. Guggenheim reaffirmed a "buy" rating and issued a $110.00 price target on shares of NIKE in a report on Wednesday, February 12th. Stifel Nicolaus dropped their price objective on NIKE from $75.00 to $64.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Needham & Company LLC reduced their target price on NIKE from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Finally, Citigroup lowered their price target on NIKE from $72.00 to $57.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Seventeen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $80.26.

NIKE Trading Down 1.7%

NKE stock traded down $1.08 on Wednesday, reaching $61.75. The company's stock had a trading volume of 9,768,976 shares, compared to its average volume of 14,958,246. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The business has a fifty day simple moving average of $59.45 and a two-hundred day simple moving average of $69.95. The firm has a market cap of $91.34 billion, a PE ratio of 19.06, a PEG ratio of 2.52 and a beta of 1.23. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $98.04.

NIKE (NYSE:NKE - Get Free Report) last announced its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share 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 firm had revenue of $11.27 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same quarter in the previous year, the firm posted $0.98 EPS. The company's revenue for the quarter was down 9.1% compared to the same quarter last year. As a group, research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.59%. NIKE's dividend payout ratio (DPR) is 53.16%.

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.