12,213 Shares in NIKE, Inc. (NYSE:NKE) Acquired by Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new position in shares of NIKE, Inc. (NYSE:NKE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 12,213 shares of the footwear maker's stock, valued at approximately $924,000. NIKE accounts for approximately 2.7% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s investment portfolio, making the stock its 7th biggest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NKE. Norges Bank acquired a new position in NIKE during the 4th quarter worth approximately $1,126,288,000. Wellington Management Group LLP boosted its stake in shares of NIKE by 32.4% in the fourth quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker's stock valued at $2,749,903,000 after buying an additional 8,898,591 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of NIKE by 6,029.6% in the fourth quarter. Pacer Advisors Inc. now owns 6,821,270 shares of the footwear maker's stock valued at $516,166,000 after buying an additional 6,709,985 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in NIKE by 18.1% during the fourth quarter. Bank of New York Mellon Corp now owns 20,367,993 shares of the footwear maker's stock worth $1,541,246,000 after acquiring an additional 3,121,929 shares during the period. Finally, Renaissance Technologies LLC raised its position 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 worth $196,901,000 after acquiring an additional 2,416,601 shares in the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NIKE

In other news, Director Robert Holmes Swan purchased 8,600 shares of the stock in a transaction dated Friday, April 4th. The stock was acquired at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the transaction, the director now owns 31,983 shares of the company's stock, valued at approximately $1,869,726.18. The trade was a 36.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by company insiders.

NIKE Stock Performance

NYSE:NKE traded up $2.76 during trading hours on Tuesday, reaching $62.78. 16,632,550 shares of the stock were exchanged, compared to its average volume of 14,978,992. The stock has a market capitalization of $92.86 billion, a P/E ratio of 19.38, a P/E/G ratio of 2.52 and a beta of 1.23. The firm has a 50 day simple moving average of $59.63 and a 200-day simple moving average of $70.00. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $98.04.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.26. The business had revenue of $11.27 billion for the quarter, compared to analyst estimates of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business's revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.98 EPS. As a group, sell-side analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.55%. NIKE's payout ratio is currently 53.16%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Cfra Research raised NIKE to a "moderate buy" rating in a research note on Friday, March 21st. Dbs Bank raised NIKE from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Bank of America cut their target price on shares of NIKE from $90.00 to $80.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Jefferies Financial Group restated a "buy" rating on shares of NIKE in a report on Friday. Finally, The Goldman Sachs Group dropped their price objective on NIKE from $88.00 to $72.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Seventeen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, NIKE currently has an average rating of "Moderate Buy" and an average price target of $80.26.

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.