Siren L.L.C. Makes New $952,000 Investment in NIKE, Inc. $NKE

Key Points

• Siren L.L.C. has acquired a new position in NIKE, purchasing 15,000 shares valued at approximately $952,000 during the first quarter.
• NIKE recently reported earnings per share (EPS) of $0.14, exceeding analysts' estimates of $0.12, despite witnessing an 11.9% decrease in revenue year-over-year.
• The company announced a quarterly dividend of $0.40 per share, representing a 2.1% dividend yield and a payout ratio of 74.07%.

Siren L.L.C. acquired a new stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 15,000 shares of the footwear maker's stock, valued at approximately $952,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in NKE. Brighton Jones LLC raised its position in shares of NIKE by 388.5% during the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker's stock valued at $15,316,000 after buying an additional 160,980 shares in the last quarter. Bank Pictet & Cie Europe AG raised its position in shares of NIKE by 10.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 190,915 shares of the footwear maker's stock valued at $14,447,000 after buying an additional 17,888 shares in the last quarter. AQR Capital Management LLC raised its position in shares of NIKE by 46.0% during the 4th quarter. AQR Capital Management LLC now owns 116,428 shares of the footwear maker's stock valued at $8,810,000 after buying an additional 36,673 shares in the last quarter. Voleon Capital Management LP bought a new position in shares of NIKE during the 4th quarter valued at $1,814,000. Finally, Triumph Capital Management bought a new position in shares of NIKE during the 4th quarter valued at $215,000. Hedge funds and other institutional investors own 64.25% of the company's stock.

Insider Transactions at NIKE

In related news, Chairman Mark G. Parker sold 110,000 shares of NIKE stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $72.29, for a total transaction of $7,951,900.00. Following the completion of the transaction, the chairman directly owned 842,361 shares of the company's stock, valued at $60,894,276.69. This trade represents a 11.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. The Goldman Sachs Group increased their target price on shares of NIKE from $72.00 to $81.00 and gave the company a "buy" rating in a report on Friday, June 27th. Barclays increased their target price on shares of NIKE from $53.00 to $64.00 and gave the company an "equal weight" rating in a report on Friday, June 27th. Morgan Stanley increased 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, June 27th. Needham & Company LLC increased their target price on shares of NIKE from $66.00 to $78.00 and gave the company a "buy" rating in a report on Friday, June 27th. Finally, Evercore ISI reduced their target price on shares of NIKE from $97.00 to $75.00 and set an "outperform" rating on the stock in a report on Tuesday, June 24th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and thirteen have assigned a Hold rating to the company's stock. According to data from MarketBeat, NIKE currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.22.

NIKE Stock Down 0.7%

NYSE NKE traded down $0.58 during trading hours on Friday, reaching $77.34. 14,203,244 shares of the company's stock traded hands, compared to its average volume of 8,854,530. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $90.62. The firm has a market cap of $114.22 billion, a PE ratio of 35.81, a PEG ratio of 2.81 and a beta of 1.24. The firm has a 50-day simple moving average of $74.32 and a 200 day simple moving average of $67.86. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 1.50.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings results on Thursday, June 26th. The footwear maker reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The company had revenue of $11.10 billion during the quarter, compared to analysts' expectations of $10.69 billion. During the same period last year, the company posted $0.99 EPS. NIKE's revenue was down 11.9% on a year-over-year basis. Sell-side analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, September 2nd. NIKE's dividend payout ratio (DPR) is 74.07%.

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.