OMERS ADMINISTRATION Corp Purchases 8,792 Shares of NIKE, Inc. (NYSE:NKE)

OMERS ADMINISTRATION Corp raised its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 20.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,370 shares of the footwear maker's stock after purchasing an additional 8,792 shares during the period. OMERS ADMINISTRATION Corp's holdings in NIKE were worth $3,963,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. JNBA Financial Advisors grew its holdings in NIKE by 1.3% during the 4th quarter. JNBA Financial Advisors now owns 10,045 shares of the footwear maker's stock worth $760,000 after acquiring an additional 131 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its stake in shares of NIKE by 0.7% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 20,446 shares of the footwear maker's stock worth $1,547,000 after purchasing an additional 136 shares during the period. Elgethun Capital Management grew its stake in NIKE by 13.7% in the 4th quarter. Elgethun Capital Management now owns 1,236 shares of the footwear maker's stock valued at $94,000 after acquiring an additional 149 shares during the last quarter. Game Plan Financial Advisors LLC lifted its holdings in NIKE by 11.1% in the 4th quarter. Game Plan Financial Advisors LLC now owns 1,500 shares of the footwear maker's stock valued at $114,000 after purchasing an additional 150 shares in the last quarter. Finally, AlTi Global Inc. lifted its holdings in shares of NIKE by 0.4% during the 4th quarter. AlTi Global Inc. now owns 36,996 shares of the footwear maker's stock worth $2,813,000 after acquiring an additional 150 shares during the period. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Trading Down 1.7%

NYSE:NKE traded down $1.08 on Monday, hitting $62.03. 4,683,280 shares of the stock were exchanged, compared to its average volume of 14,794,029. The stock has a market capitalization of $91.76 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 2.52 and a beta of 1.23. NIKE, Inc. has a 52 week low of $52.28 and a 52 week 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. The company's 50-day moving average price is $61.07 and its 200 day moving average price is $70.66.

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, 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 firm had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. During the same quarter in the prior year, the firm posted $0.98 EPS. The business's revenue was down 9.1% on a year-over-year basis. On average, equities research analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The firm 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 $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.58%. The ex-dividend date is Monday, June 2nd. NIKE's dividend payout ratio (DPR) is presently 53.16%.

Insiders Place Their Bets

In other news, Director Robert Holmes Swan acquired 8,600 shares of the firm's stock in a transaction dated Friday, April 4th. The stock was purchased at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the acquisition, the director now directly owns 31,983 shares in the company, 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 can be accessed through this link. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NKE. Guggenheim reissued a "buy" rating and set a $110.00 price target on shares of NIKE in a report on Wednesday, February 12th. Barclays cut their target price on NIKE from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Monday, May 12th. Wells Fargo & Company raised their price target on NIKE from $55.00 to $60.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. The Goldman Sachs Group reduced their price target on NIKE from $88.00 to $72.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, Needham & Company LLC lowered their target price on NIKE from $84.00 to $80.00 and set a "buy" rating for the company in a report on Monday, March 17th. Seventeen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, NIKE currently has a consensus rating of "Moderate Buy" and an average target price of $80.30.

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.