Mufg Securities Americas Inc. acquired a new position in NIKE, Inc. (NYSE:NKE - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 17,575 shares of the footwear maker's stock, valued at approximately $1,330,000.
Other large investors also recently bought and sold shares of the company. Caitlin John LLC increased its holdings in NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock worth $28,000 after buying an additional 200 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in NIKE in the fourth quarter worth about $28,000. Roxbury Financial LLC purchased a new position in NIKE in the fourth quarter worth about $30,000. LFA Lugano Financial Advisors SA boosted its position in NIKE by 110.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock worth $30,000 after purchasing an additional 210 shares during the last quarter. Finally, Hopwood Financial Services Inc. purchased a new position in NIKE in the fourth quarter worth about $30,000. 64.25% of the stock is currently owned by institutional investors.
NIKE Price Performance
Shares of NKE traded up $0.73 during mid-day trading on Friday, hitting $63.13. 12,902,903 shares of the stock were exchanged, compared to its average volume of 14,822,497. The firm has a 50-day moving average of $61.07 and a two-hundred day moving average of $70.74. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $98.04. The company has a market cap of $93.38 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22.
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, beating the consensus estimate of $0.28 by $0.26. The company 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%. NIKE's quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 EPS. On average, equities analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current year.
NIKE Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Monday, June 2nd. NIKE's payout ratio is 53.16%.
Insider Transactions at NIKE
In related news, Director Robert Holmes Swan acquired 8,600 shares of the company'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 completion of the transaction, the director now directly owns 31,983 shares in the company, valued at $1,869,726.18. This trade represents a 36.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.10% of the company's stock.
Analysts Set New Price Targets
Several research analysts have issued reports on the company. Wells Fargo & Company raised their target price on NIKE from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Guggenheim reissued a "buy" rating and issued a $110.00 target price on shares of NIKE in a research report on Wednesday, February 12th. Telsey Advisory Group dropped their target price on NIKE from $80.00 to $70.00 and set a "market perform" rating on the stock in a research report on Tuesday, May 6th. China Renaissance assumed coverage on NIKE in a research report on Wednesday, March 19th. They issued a "hold" rating on the stock. Finally, Jefferies Financial Group raised NIKE from a "hold" rating to a "buy" rating and raised their target price for the stock from $75.00 to $115.00 in a research report on Monday, February 24th. Seventeen 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $80.30.
Read Our Latest Stock Analysis on NKE
About NIKE
(
Free Report)
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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