MGO One Seven LLC Increases Stock Position in NIKE, Inc. (NYSE:NKE)

MGO One Seven LLC raised its position in NIKE, Inc. (NYSE:NKE - Free Report) by 55.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 26,027 shares of the footwear maker's stock after buying an additional 9,268 shares during the period. MGO One Seven LLC's holdings in NIKE were worth $1,969,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the company. Heck Capital Advisors LLC acquired a new position in NIKE in the 4th quarter worth $28,000. Caitlin John LLC lifted its stake in NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. Roxbury Financial LLC acquired a new position in NIKE during the 4th quarter worth approximately $30,000. LFA Lugano Financial Advisors SA grew its stake in shares of NIKE by 110.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock worth $30,000 after acquiring an additional 210 shares in the last quarter. Finally, Hopwood Financial Services Inc. acquired a new stake in shares of NIKE in the fourth quarter valued at approximately $30,000. Institutional investors own 64.25% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Citigroup decreased their target price on shares of NIKE from $72.00 to $57.00 and set a "neutral" rating for the company in a research report on Monday. Dbs Bank upgraded NIKE from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Royal Bank of Canada dropped their target price on NIKE from $67.00 to $66.00 and set a "sector perform" rating on the stock in a report on Friday, March 21st. UBS Group decreased their price target on NIKE from $73.00 to $66.00 and set a "neutral" rating for the company in a research note on Friday, March 21st. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $80.00 price objective on shares of NIKE in a research note on Monday, March 17th. Sixteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $82.26.

NIKE Trading Up 0.1 %

Shares of NYSE:NKE traded up $0.07 during trading on Tuesday, reaching $57.38. 3,779,578 shares of the company were exchanged, compared to its average volume of 14,380,778. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The firm has a market capitalization of $84.86 billion, a PE ratio of 17.71, a P/E/G ratio of 2.52 and a beta of 1.15. The business's fifty day simple moving average is $66.36 and its 200-day simple moving average is $72.71. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $98.04.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly 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. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $11.02 billion. During the same quarter in the prior year, the company earned $0.98 EPS. The business's revenue was down 9.1% compared to the same quarter last year. On average, research analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were paid a dividend of $0.40 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.79%. NIKE's dividend payout ratio is presently 53.16%.

Insider Activity

In other news, Chairman Mark G. Parker sold 169,732 shares of NIKE 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 owns 896,632 shares of the company's stock, valued at $65,301,708.56. The trade was a 15.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Holmes Swan bought 8,600 shares of the company's stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the purchase, the director now owns 31,983 shares in the company, valued at $1,869,726.18. The trade was a 36.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.10% of the company's stock.

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.