Sicart Associates LLC Buys Shares of 44,764 NIKE, Inc. (NYSE:NKE)

Sicart Associates LLC purchased a new position in shares of NIKE, Inc. (NYSE:NKE - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 44,764 shares of the footwear maker's stock, valued at approximately $2,860,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Renaissance Technologies LLC lifted its holdings 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 buying an additional 2,416,601 shares during the period. Capitolis Liquid Global Markets LLC raised its position in shares of 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 acquiring an additional 90,000 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of NIKE by 8.3% in the fourth quarter. Janus Henderson Group PLC now owns 6,081,021 shares of the footwear maker's stock worth $460,160,000 after acquiring an additional 463,470 shares during the period. Markel Group Inc. boosted its holdings 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 acquiring an additional 3,500 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its position in NIKE by 3.3% during the 4th quarter. Evergreen Capital Management LLC now owns 237,199 shares of the footwear maker's stock valued at $18,042,000 after purchasing an additional 7,536 shares during the period. Institutional investors and hedge funds own 64.25% of the company's stock.

NIKE Stock Up 15.3%

Shares of NYSE NKE opened at $72.09 on Friday. 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 company has a 50-day moving average price of $60.63 and a 200-day moving average price of $67.52. The stock has a market capitalization of $106.63 billion, a P/E ratio of 33.38, a P/E/G ratio of 2.64 and a beta of 1.21. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $90.62.

NIKE (NYSE:NKE - Get Free Report) last announced 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. The business had revenue of $11.10 billion for the quarter, compared to analysts' expectations of $10.69 billion. NIKE had a net margin of 6.95% and a return on equity of 23.00%. The firm's revenue for the quarter was down 11.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 EPS. On average, equities research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be given 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 2.22%. NIKE's payout ratio is 53.16%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of NIKE from $56.00 to $64.00 and gave the stock a "neutral" rating in a research report on Friday. Morgan Stanley boosted their target price on shares of NIKE from $61.00 to $64.00 and gave the company an "equal weight" rating in a report on Friday. Barclays increased their price target on NIKE from $53.00 to $64.00 and gave the stock an "equal weight" rating in a report on Friday. China Renaissance started coverage on NIKE in a research note on Wednesday, March 19th. They issued a "hold" rating on the stock. Finally, Williams Trading cut their target price on NIKE from $93.00 to $73.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, NIKE currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.00.

Insider Buying and Selling

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, with a total value 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 approximately $1,869,726.18. This trade 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 this link. 1.10% of the stock is currently owned by corporate insiders.

NIKE 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.

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