Nan Shan Life Insurance Co. Ltd. Lowers Position in NIKE, Inc. (NYSE:NKE)

Nan Shan Life Insurance Co. Ltd. cut its position in NIKE, Inc. (NYSE:NKE - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 734,951 shares of the footwear maker's stock after selling 10,008 shares during the period. NIKE accounts for 1.3% of Nan Shan Life Insurance Co. Ltd.'s investment portfolio, making the stock its 20th largest holding. Nan Shan Life Insurance Co. Ltd.'s holdings in NIKE were worth $55,614,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NKE. Capricorn Fund Managers Ltd purchased a new position in shares of NIKE in the 4th quarter valued at $5,384,000. Klein Pavlis & Peasley Financial Inc. grew its position in shares of NIKE by 31.1% in the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 25,835 shares of the footwear maker's stock valued at $1,955,000 after buying an additional 6,124 shares during the last quarter. FNY Investment Advisers LLC grew its position in shares of NIKE by 5,745.9% in the 4th quarter. FNY Investment Advisers LLC now owns 8,652 shares of the footwear maker's stock valued at $654,000 after buying an additional 8,504 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of NIKE by 1,302.7% in the 4th quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker's stock valued at $196,901,000 after buying an additional 2,416,601 shares during the last quarter. Finally, Mirador Capital Partners LP grew its position in shares of NIKE by 69.8% in the 4th quarter. Mirador Capital Partners LP now owns 72,986 shares of the footwear maker's stock valued at $5,523,000 after buying an additional 30,011 shares during the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NIKE

In related news, Director Robert Holmes Swan bought 8,600 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the acquisition, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NKE shares. Jefferies Financial Group raised shares of NIKE from a "hold" rating to a "buy" rating and increased their target price for the company from $75.00 to $115.00 in a research report on Monday, February 24th. Needham & Company LLC dropped their target price on shares of NIKE from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Berenberg Bank initiated coverage on shares of NIKE in a research report on Tuesday, April 15th. They set a "hold" rating and a $58.00 price objective on the stock. Dbs Bank raised shares of NIKE from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Finally, Cfra Research raised shares of NIKE to a "moderate buy" rating 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $80.30.

NIKE Price Performance

Shares of NYSE NKE traded up $0.73 during midday trading on Friday, hitting $63.13. The company had a trading volume of 12,902,903 shares, compared to its average volume of 14,822,497. 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 twelve month low of $52.28 and a twelve month high of $98.04. The business has a 50-day simple moving average of $61.07 and a two-hundred day simple moving average of $70.74. The firm has a market capitalization of $93.38 billion, a price-to-earnings ratio of 19.48, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23.

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

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders 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 yield of 2.53%. The ex-dividend date is Monday, June 2nd. NIKE's payout ratio is currently 53.16%.

NIKE Company 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.