Vantage Investment Partners LLC Has $32.33 Million Holdings in NIKE, Inc. (NYSE:NKE)

Vantage Investment Partners LLC increased its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 10.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 509,318 shares of the footwear maker's stock after buying an additional 48,856 shares during the quarter. NIKE accounts for approximately 2.7% of Vantage Investment Partners LLC's holdings, making the stock its 16th largest holding. Vantage Investment Partners LLC's holdings in NIKE were worth $32,332,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its holdings in shares of NIKE by 1,302.7% during the fourth quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker's stock worth $196,901,000 after buying an additional 2,416,601 shares in the last quarter. Capitolis Liquid Global Markets LLC grew its holdings in shares of NIKE by 40.9% during the fourth quarter. Capitolis Liquid Global Markets LLC now owns 310,000 shares of the footwear maker's stock worth $23,458,000 after buying an additional 90,000 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of NIKE by 8.3% during the fourth quarter. Janus Henderson Group PLC now owns 6,081,021 shares of the footwear maker's stock worth $460,160,000 after buying an additional 463,470 shares in the last quarter. Markel Group Inc. grew its holdings in shares of NIKE by 0.8% during the fourth quarter. Markel Group Inc. now owns 432,400 shares of the footwear maker's stock worth $32,720,000 after buying an additional 3,500 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its holdings in shares of NIKE by 3.3% during the fourth quarter. Evergreen Capital Management LLC now owns 237,199 shares of the footwear maker's stock worth $18,042,000 after buying an additional 7,536 shares in the last quarter. Institutional investors own 64.25% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on NIKE from $55.00 to $60.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Dbs Bank upgraded NIKE from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Robert W. Baird decreased their price objective on NIKE from $105.00 to $99.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Bank of America decreased their price objective on NIKE from $90.00 to $80.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of NIKE in a research report on Friday, May 23rd. Sixteen investment 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $78.74.

NIKE Stock Performance

NYSE:NKE opened at $59.78 on Friday. The stock has a market cap of $88.41 billion, a P/E ratio of 19.86, a PEG ratio of 2.11 and a beta of 1.21. The stock has a 50 day simple moving average of $59.78 and a 200 day simple moving average of $68.02. The company has a current ratio of 2.19, a quick ratio of 1.52 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $98.04.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.26. The business had revenue of $11.27 billion during the quarter, compared to analysts' expectations of $11.02 billion. NIKE had a return on equity of 32.18% and a net margin of 9.43%. The firm's revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period last year, the firm posted $0.98 EPS. Research analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.60 annualized dividend and a yield of 2.68%. NIKE's payout ratio is currently 53.16%.

Insider Buying and Selling

In other news, Director Robert Holmes Swan purchased 8,600 shares of the company's stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average cost of $58.46 per share, with a total value of $502,756.00. Following the acquisition, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is currently owned by insiders.

About NIKE

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.

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