Two Sigma Advisers LP Sells 1,885,100 Shares of NIKE, Inc. (NYSE:NKE)

Two Sigma Advisers LP decreased its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 34.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,643,700 shares of the footwear maker's stock after selling 1,885,100 shares during the period. Two Sigma Advisers LP owned 0.25% of NIKE worth $275,719,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Park Avenue Securities LLC grew its stake in NIKE by 38.1% during the fourth quarter. Park Avenue Securities LLC now owns 14,899 shares of the footwear maker's stock worth $1,127,000 after purchasing an additional 4,107 shares during the period. Wealthcare Advisory Partners LLC grew its stake in NIKE by 27.1% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 19,259 shares of the footwear maker's stock worth $1,457,000 after purchasing an additional 4,111 shares during the period. Arkadios Wealth Advisors boosted its holdings in NIKE by 7.6% in the fourth quarter. Arkadios Wealth Advisors now owns 22,403 shares of the footwear maker's stock worth $1,695,000 after acquiring an additional 1,587 shares in the last quarter. Moss Adams Wealth Advisors LLC boosted its holdings in NIKE by 14.2% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 5,180 shares of the footwear maker's stock worth $394,000 after acquiring an additional 645 shares in the last quarter. Finally, Aaron Wealth Advisors LLC boosted its holdings in NIKE by 12.4% in the fourth quarter. Aaron Wealth Advisors LLC now owns 4,474 shares of the footwear maker's stock worth $339,000 after acquiring an additional 492 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on NKE shares. The Goldman Sachs Group dropped their target price on NIKE from $88.00 to $72.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. BMO Capital Markets reduced their price target on NIKE from $95.00 to $92.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Cfra Research upgraded NIKE to a "moderate buy" rating in a research report on Friday, March 21st. Jefferies Financial Group upgraded NIKE from a "hold" rating to a "buy" rating and boosted their target price for the stock from $75.00 to $115.00 in a research report on Monday, February 24th. Finally, Barclays reduced their target price on NIKE from $70.00 to $60.00 and set an "equal weight" rating for the company in a research report on Monday, May 12th. Seventeen research 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, the company currently has an average rating of "Moderate Buy" and an average price target of $80.26.

NIKE Stock Up 2.2%

Shares of NKE stock traded up $1.32 during midday trading on Thursday, reaching $61.30. 16,758,109 shares of the stock were exchanged, compared to its average volume of 14,913,951. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $98.04. The company's 50 day moving average is $60.40 and its two-hundred day moving average is $70.42. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The firm has a market cap of $90.67 billion, a PE ratio of 18.92, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23.

NIKE (NYSE:NKE - Get Free Report) last posted its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.26. The firm had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business's revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 EPS. On average, equities research analysts predict that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be paid a $0.40 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.61%. NIKE's payout ratio is currently 53.16%.

Insider Buying and Selling at NIKE

In other NIKE news, Director Robert Holmes Swan bought 8,600 shares of the business's stock in a transaction on Friday, April 4th. The shares were acquired at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the purchase, the director now owns 31,983 shares in the company, valued at approximately $1,869,726.18. This trade represents a 36.78% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.10% of the company's stock.

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.