OMERS ADMINISTRATION Corp Grows Stake in NIKE, Inc. (NYSE:NKE)

OMERS ADMINISTRATION Corp boosted its position in NIKE, Inc. (NYSE:NKE - Free Report) by 20.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,370 shares of the footwear maker's stock after buying an additional 8,792 shares during the period. OMERS ADMINISTRATION Corp's holdings in NIKE were worth $3,963,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Heck Capital Advisors LLC acquired a new position in shares of NIKE in the 4th quarter valued at $28,000. Caitlin John LLC boosted its stake in shares of NIKE by 117.0% in the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock worth $28,000 after acquiring an additional 200 shares during the last quarter. Roxbury Financial LLC purchased a new stake in shares of NIKE during the fourth quarter worth approximately $30,000. LFA Lugano Financial Advisors SA lifted its holdings in NIKE by 110.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock valued at $30,000 after purchasing an additional 210 shares in the last quarter. Finally, Hopwood Financial Services Inc. acquired a new stake in NIKE during the 4th quarter worth $30,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NKE has been the subject of several recent analyst reports. Needham & Company LLC cut their price objective on shares of NIKE from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Monday, March 17th. The Goldman Sachs Group cut their price objective on NIKE from $88.00 to $72.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Citigroup decreased their target price on shares of NIKE from $72.00 to $57.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. China Renaissance initiated coverage on shares of NIKE in a research report on Wednesday, March 19th. They set a "hold" rating for the company. Finally, Stifel Nicolaus lowered their price objective on shares of NIKE from $75.00 to $64.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Seventeen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $80.30.

Insider Buying and Selling

In other news, Director Robert Holmes Swan purchased 8,600 shares of the company's stock in a transaction on Friday, April 4th. The stock was bought at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the purchase, the director now directly owns 31,983 shares of the company's stock, valued at $1,869,726.18. The trade was a 36.78% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.10% of the company's stock.

NIKE Price Performance

Shares of NKE traded up $0.73 during trading hours on Friday, reaching $63.13. The company had a trading volume of 12,902,903 shares, compared to its average volume of 14,822,494. The company has a current ratio of 2.22, a quick ratio of 1.51 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 firm has a 50 day simple moving average of $61.07 and a 200-day simple moving average of $70.74. The company has a market capitalization of $93.38 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 2.52 and a beta of 1.23.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the prior year, the business earned $0.98 earnings per share. The business's revenue was down 9.1% on a year-over-year basis. Research analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be issued 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 2.53%. NIKE's payout ratio is 53.16%.

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.