Man Group plc Acquires 10,762 Shares of NIKE, Inc. (NYSE:NKE)

Man Group plc grew its position in NIKE, Inc. (NYSE:NKE - Free Report) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 358,812 shares of the footwear maker's stock after acquiring an additional 10,762 shares during the quarter. Man Group plc's holdings in NIKE were worth $27,151,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. NorthRock Partners LLC lifted its position in shares of NIKE by 171.3% in the fourth quarter. NorthRock Partners LLC now owns 15,074 shares of the footwear maker's stock worth $1,141,000 after purchasing an additional 9,518 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of NIKE by 20.4% during the 4th quarter. Nuveen Asset Management LLC now owns 6,428,599 shares of the footwear maker's stock valued at $486,452,000 after acquiring an additional 1,088,222 shares during the last quarter. Occudo Quantitative Strategies LP purchased a new stake in NIKE in the fourth quarter worth $1,452,000. OMERS ADMINISTRATION Corp increased its position in NIKE by 20.2% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 52,370 shares of the footwear maker's stock worth $3,963,000 after buying an additional 8,792 shares in the last quarter. Finally, Minot DeBlois Advisors LLC bought a new stake in shares of NIKE during the 4th quarter worth approximately $42,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on NKE shares. Jefferies Financial Group raised NIKE from a "hold" rating to a "buy" rating and raised their price target for the stock from $75.00 to $115.00 in a research note on Monday, February 24th. Wells Fargo & Company lifted their target price on NIKE from $55.00 to $60.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Telsey Advisory Group decreased their target price on NIKE from $80.00 to $70.00 and set a "market perform" rating for the company in a research report on Tuesday, May 6th. Citigroup decreased their price target on shares of NIKE from $72.00 to $57.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Finally, BMO Capital Markets decreased their price target on shares of NIKE from $95.00 to $92.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Seventeen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $80.30.

NIKE Price Performance

NKE traded down $1.08 during trading on Monday, hitting $62.03. The company's stock had a trading volume of 15,079,171 shares, compared to its average volume of 14,834,863. The firm's 50 day moving average price is $61.07 and its two-hundred day moving average price is $70.66. 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 12 month low of $52.28 and a 12 month high of $98.04. The stock has a market capitalization of $91.75 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23.

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

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.58%. NIKE's dividend payout ratio (DPR) is currently 53.16%.

Insider Transactions at NIKE

In other news, Director Robert Holmes Swan acquired 8,600 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average price of $58.46 per share, with a total value of $502,756.00. Following the acquisition, the director now directly owns 31,983 shares in the company, valued at $1,869,726.18. The trade was a 36.78% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

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.