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

South Dakota Investment Council boosted its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 32.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 92,722 shares of the footwear maker's stock after buying an additional 22,769 shares during the period. South Dakota Investment Council's holdings in NIKE were worth $5,886,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Heck Capital Advisors LLC purchased a new position in shares of NIKE in the 4th quarter valued at $28,000. EnRich Financial Partners LLC lifted its position in NIKE by 196.4% during the 4th quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock worth $31,000 after acquiring an additional 273 shares during the period. Roxbury Financial LLC lifted its holdings in shares of NIKE by 52.1% in the 1st quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker's stock valued at $37,000 after buying an additional 201 shares during the period. Ritter Daniher Financial Advisory LLC DE lifted its holdings in shares of NIKE by 95.1% in the 4th 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 shares of NIKE in the 4th quarter valued at about $40,000. 64.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on NKE. Berenberg Bank began coverage on NIKE in a report on Tuesday, April 15th. They issued a "hold" rating and a $58.00 price target for the company. Morgan Stanley boosted their price objective on NIKE from $61.00 to $64.00 and gave the stock an "equal weight" rating in a research note on Friday, June 27th. HSBC upgraded NIKE from a "hold" rating to a "buy" rating and set a $80.00 price target for the company in a research report on Friday, June 27th. Evercore ISI reduced their price objective on NIKE from $97.00 to $75.00 and set an "outperform" rating on the stock in a research note on Tuesday, June 24th. Finally, Hsbc Global Res upgraded NIKE from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $77.15.

Insider Activity at NIKE

In related news, Chairman Mark G. Parker sold 110,000 shares of the firm's 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 owned 842,361 shares in the company, valued at $60,894,276.69. This trade represents a 11.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.10% of the company's stock.

NIKE Trading Up 1.5%

Shares of NYSE:NKE traded up $1.12 during trading on Tuesday, hitting $75.14. 6,736,989 shares of the company's stock were exchanged, compared to its average volume of 15,068,617. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $90.62. The firm has a 50-day moving average price of $65.49 and a two-hundred day moving average price of $67.17. The company has a current ratio of 2.21, a quick ratio of 1.50 and a debt-to-equity ratio of 0.60. The firm has a market cap of $111.14 billion, a P/E ratio of 34.76, a PEG ratio of 2.66 and a beta of 1.25.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, topping 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 business had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same quarter in the previous year, the firm posted $0.99 earnings per share. The firm's revenue for the quarter was down 11.9% on a year-over-year basis. Equities analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders 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 2.13%. NIKE's dividend payout ratio (DPR) is currently 74.07%.

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.