Teachers Retirement System of The State of Kentucky Buys 5,490 Shares of NIKE, Inc. (NYSE:NKE)

Teachers Retirement System of The State of Kentucky raised its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 270,939 shares of the footwear maker's stock after buying an additional 5,490 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in NIKE were worth $20,502,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in NKE. Caitlin John LLC boosted its holdings in NIKE by 117.0% during the 4th 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. Heck Capital Advisors LLC bought a new stake in NIKE in the 4th quarter worth about $28,000. Roxbury Financial LLC purchased a new stake in NIKE in the 4th quarter valued at about $30,000. LFA Lugano Financial Advisors SA lifted its position 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 buying an additional 210 shares in the last quarter. Finally, Hopwood Financial Services Inc. purchased a new position in shares of NIKE in the 4th quarter worth approximately $30,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Price Performance

Shares of NYSE NKE traded down $1.19 during mid-day trading on Friday, reaching $57.30. 11,677,463 shares of the company were exchanged, compared to its average volume of 14,336,869. The stock has a market capitalization of $84.75 billion, a PE ratio of 17.67, a PEG ratio of 2.52 and a beta of 1.15. 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 52 week low of $52.28 and a 52 week high of $98.04. The company's 50 day moving average price is $67.15 and its 200 day moving average price is $73.17.

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

NIKE Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on NKE shares. Bank of America dropped their price target on NIKE from $90.00 to $80.00 and set a "buy" rating on the stock in a report on Friday. Citigroup downgraded shares of NIKE from a "buy" rating to a "neutral" rating and cut their price target for the stock from $102.00 to $72.00 in a report on Friday, February 7th. UBS Group decreased their price objective on shares of NIKE from $73.00 to $66.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Wells Fargo & Company dropped their target price on shares of NIKE from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Friday, March 21st. Finally, China Renaissance started coverage on shares of NIKE in a research note on Wednesday, March 19th. They set a "hold" rating for the company. Sixteen investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $82.81.

Insiders Place Their Bets

In other news, Director Robert Holmes Swan bought 8,600 shares of the business's stock in a transaction dated Friday, April 4th. The shares were 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 owns 31,983 shares of the company's stock, valued at approximately $1,869,726.18. This trade represents a 36.78 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Mark G. Parker sold 169,732 shares of the business's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the completion of the transaction, the chairman now owns 896,632 shares in the company, valued at $65,301,708.56. The trade was a 15.92 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

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.