NIKE, Inc. (NYSE:NKE) Shares Bought by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC boosted its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 172.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 63,154 shares of the footwear maker's stock after purchasing an additional 40,000 shares during the quarter. ArrowMark Colorado Holdings LLC's holdings in NIKE were worth $4,779,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Range Financial Group LLC acquired a new stake in NIKE in the 4th quarter valued at about $642,000. Capricorn Fund Managers Ltd acquired a new position in shares of NIKE during the fourth quarter worth $5,384,000. Klein Pavlis & Peasley Financial Inc. increased its stake in shares of NIKE by 31.1% in the fourth 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 period. FNY Investment Advisers LLC increased its position in 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 acquiring an additional 8,504 shares during the period. Finally, 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. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Price Performance

NKE traded down $0.20 during trading on Tuesday, reaching $57.15. The stock had a trading volume of 11,256,761 shares, compared to its average volume of 14,589,192. The business has a 50-day moving average of $64.16 and a 200-day moving average of $71.82. The stock has a market cap of $84.54 billion, a PE ratio of 17.64, a PEG ratio of 2.52 and a beta of 1.23. NIKE, Inc. has a one year low of $52.28 and a one year high of $98.04. 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 issued 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 firm had revenue of $11.27 billion during 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 company's revenue was down 9.1% on a year-over-year basis. During the same period last year, the company earned $0.98 earnings per share. As a group, equities research analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors 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 2.80%. NIKE's dividend payout ratio (DPR) is presently 53.16%.

Insider Activity

In other NIKE news, Director Robert Holmes Swan purchased 8,600 shares of the firm'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 purchase, 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the business's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $72.83, for a total value of $12,361,581.56. Following the transaction, the chairman now directly owns 896,632 shares in the company, valued at approximately $65,301,708.56. This represents a 15.92 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Needham & Company LLC lowered their target price on NIKE from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Morgan Stanley decreased their price target on NIKE from $72.00 to $70.00 and set an "equal weight" rating on the stock in a research report on Friday, March 21st. Cfra Research raised NIKE to a "moderate buy" rating in a report on Friday, March 21st. Stifel Nicolaus reduced their target price on NIKE from $75.00 to $64.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. Finally, Bank of America reduced their target price on shares of NIKE from $90.00 to $80.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Seventeen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $80.48.

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.