NIKE, Inc. (NYSE:NKE) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP grew its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 21.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,453 shares of the footwear maker's stock after purchasing an additional 10,031 shares during the period. Quantinno Capital Management LP's holdings in NIKE were worth $4,348,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in NIKE during the fourth quarter worth approximately $1,126,288,000. Wellington Management Group LLP lifted its stake in shares of NIKE by 32.4% during the 4th quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker's stock worth $2,749,903,000 after purchasing an additional 8,898,591 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of NIKE by 6,029.6% during the fourth quarter. Pacer Advisors Inc. now owns 6,821,270 shares of the footwear maker's stock worth $516,166,000 after purchasing an additional 6,709,985 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of NIKE by 18.1% in 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 purchasing an additional 3,121,929 shares during the period. Finally, Renaissance Technologies LLC increased its stake 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 purchasing an additional 2,416,601 shares during the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NKE has been the topic of a number of research analyst reports. UBS Group decreased their price target on NIKE from $73.00 to $66.00 and set a "neutral" rating on the stock in a research note on Friday, March 21st. Guggenheim reissued a "buy" rating and issued a $110.00 target price on shares of NIKE in a research report on Wednesday, February 12th. Royal Bank of Canada lowered their target price on shares of NIKE from $66.00 to $65.00 and set a "sector perform" rating for the company in a report on Tuesday. JPMorgan Chase & Co. cut their price target on shares of NIKE from $64.00 to $56.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Finally, China Renaissance started coverage on shares of NIKE in a research note on Wednesday, March 19th. They set a "hold" rating for the company. Seventeen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, NIKE presently has an average rating of "Moderate Buy" and a consensus price target of $80.26.

NIKE Stock Up 2.2%

NKE stock traded up $1.32 during midday trading on Thursday, hitting $61.30. 16,758,109 shares of the company's stock were exchanged, compared to its average volume of 14,884,849. The firm has a 50 day moving average price of $60.40 and a 200-day moving average price of $70.42. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $98.04. The stock has a market capitalization of $90.67 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, topping 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 business had revenue of $11.27 billion during the quarter, compared to analyst estimates of $11.02 billion. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The business's revenue was down 9.1% 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 announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Monday, June 2nd. NIKE's payout ratio is currently 53.16%.

Insider Activity

In other news, Director Robert Holmes Swan acquired 8,600 shares of the stock in a transaction that occurred 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 acquisition, the director now directly owns 31,983 shares in the company, valued at $1,869,726.18. This represents a 36.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.10% of the company's stock.

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.