The Manufacturers Life Insurance Company Has $55.03 Million Stock Holdings in NIKE, Inc. (NYSE:NKE)

The Manufacturers Life Insurance Company lowered its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 727,195 shares of the footwear maker's stock after selling 10,641 shares during the quarter. The Manufacturers Life Insurance Company's holdings in NIKE were worth $55,026,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. JNBA Financial Advisors grew its stake in shares of NIKE by 1.3% during the fourth quarter. JNBA Financial Advisors now owns 10,045 shares of the footwear maker's stock valued at $760,000 after purchasing an additional 131 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its holdings in 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 buying an additional 136 shares in the last quarter. Elgethun Capital Management boosted its position 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 buying an additional 149 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of NIKE by 1.0% in the 4th quarter. GAMMA Investing LLC now owns 15,014 shares of the footwear maker's stock valued at $1,136,000 after buying an additional 150 shares during the period. Finally, Game Plan Financial Advisors LLC raised its position in shares of NIKE by 11.1% during the fourth quarter. Game Plan Financial Advisors LLC now owns 1,500 shares of the footwear maker's stock worth $114,000 after acquiring an additional 150 shares during the last quarter. Institutional investors own 64.25% of the company's stock.

NIKE Stock Up 3.3 %

Shares of NKE stock traded up $1.89 during trading on Friday, reaching $58.65. The company's stock had a trading volume of 14,697,524 shares, compared to its average volume of 14,564,592. NIKE, Inc. has a one year low of $52.28 and a one year high of $98.04. The business has a fifty day moving average price of $64.63 and a 200-day moving average price of $72.08. The company has a market cap of $86.75 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth 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 (NYSE:NKE - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.26. The company had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company's quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 EPS. Analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend is Monday, June 2nd. NIKE's dividend payout ratio (DPR) is 53.16%.

Analyst Ratings Changes

Several research firms recently issued reports on NKE. Guggenheim reiterated a "buy" rating and issued a $110.00 price target on shares of NIKE in a report on Wednesday, February 12th. Stifel Nicolaus lowered their price target on shares of NIKE from $75.00 to $64.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Jefferies Financial Group upgraded shares of NIKE from a "hold" rating to a "buy" rating and increased their price objective for the company from $75.00 to $115.00 in a report on Monday, February 24th. Wells Fargo & Company lowered shares of NIKE from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $75.00 to $55.00 in a report on Wednesday. Finally, Cfra Research raised NIKE to a "moderate buy" rating in a research note on Friday, March 21st. Seventeen research 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 MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $81.15.

Insider Transactions at NIKE

In related news, Chairman Mark G. Parker sold 169,732 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the transaction, the chairman now directly owns 896,632 shares of the company's stock, valued at approximately $65,301,708.56. The trade was a 15.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Holmes Swan purchased 8,600 shares of the business's stock in a transaction on Friday, April 4th. The shares were acquired at an average cost of $58.46 per share, with a total value of $502,756.00. Following the acquisition, the director now directly owns 31,983 shares in the company, valued at approximately $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. Company insiders own 1.10% of the company's stock.

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.