South Dakota Investment Council Raises Position in NIKE, Inc. (NYSE:NKE)

South Dakota Investment Council boosted its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 32.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 92,722 shares of the footwear maker's stock after purchasing an additional 22,769 shares during the quarter. South Dakota Investment Council's holdings in NIKE were worth $5,886,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Heck Capital Advisors LLC acquired a new position in NIKE during the 4th quarter valued at approximately $28,000. EnRich Financial Partners LLC raised its position in shares of NIKE by 196.4% during the fourth quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock worth $31,000 after purchasing an additional 273 shares during the period. Roxbury Financial LLC raised its position in shares of NIKE by 52.1% during the first quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker's stock worth $37,000 after purchasing an additional 201 shares during the period. Ritter Daniher Financial Advisory LLC DE raised its position in NIKE by 95.1% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 513 shares of the footwear maker's stock valued at $39,000 after buying an additional 250 shares during the period. Finally, Putney Financial Group LLC acquired a new position in NIKE during the fourth quarter valued at $40,000. 64.25% of the stock is currently owned by institutional investors.

Insider Activity at NIKE

In related news, Chairman Mark G. Parker sold 110,000 shares of NIKE stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $72.29, for a total value of $7,951,900.00. Following the completion of the transaction, the chairman directly owned 842,361 shares in the company, valued at approximately $60,894,276.69. The trade was a 11.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company's stock.

NIKE Price Performance

Shares of NKE traded up $1.50 during trading hours on Wednesday, reaching $76.89. The stock had a trading volume of 5,033,468 shares, compared to its average volume of 15,036,557. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $90.62. The stock has a market capitalization of $113.73 billion, a PE ratio of 35.61, a PEG ratio of 2.72 and a beta of 1.25. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.50 and a current ratio of 2.21. The company's 50-day moving average is $65.49 and its two-hundred day moving average is $67.17.

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

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Monday, June 2nd were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.08%. NIKE's dividend payout ratio (DPR) is presently 74.07%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wall Street Zen downgraded NIKE from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Hsbc Global Res raised NIKE from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. HSBC raised NIKE from a "hold" rating to a "buy" rating and set a $80.00 target price for the company in a report on Friday, June 27th. Deutsche Bank Aktiengesellschaft dropped their price target on NIKE from $77.00 to $71.00 and set a "buy" rating for the company in a report on Friday, June 20th. Finally, The Goldman Sachs Group raised their price target on NIKE from $72.00 to $81.00 and gave the company a "buy" rating in a report on Friday, June 27th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.15.

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.