NIKE, Inc. (NYSE:NKE) Shares Bought by Northern Trust Corp

Northern Trust Corp lifted its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 8.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,690,435 shares of the footwear maker's stock after acquiring an additional 1,183,641 shares during the period. Northern Trust Corp owned approximately 0.99% of NIKE worth $1,111,625,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in NKE. JNBA Financial Advisors boosted its stake in NIKE by 1.3% during the fourth quarter. JNBA Financial Advisors now owns 10,045 shares of the footwear maker's stock worth $760,000 after buying an additional 131 shares during the period. Nations Financial Group Inc. IA ADV lifted its holdings in shares of NIKE by 0.7% in 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 acquiring an additional 136 shares during the last quarter. Elgethun Capital Management boosted its stake in shares of NIKE by 13.7% during the 4th quarter. Elgethun Capital Management now owns 1,236 shares of the footwear maker's stock worth $94,000 after purchasing an additional 149 shares during the period. GAMMA Investing LLC grew its holdings in NIKE by 1.0% during the 4th quarter. GAMMA Investing LLC now owns 15,014 shares of the footwear maker's stock valued at $1,136,000 after purchasing an additional 150 shares during the last quarter. Finally, Game Plan Financial Advisors LLC raised its position 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 worth $114,000 after purchasing an additional 150 shares during the period. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Stock Performance

NKE traded up $1.89 during trading on Friday, reaching $58.65. 14,697,524 shares of the company's stock were exchanged, compared to its average volume of 14,529,281. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $98.04. The company's fifty day simple moving average is $64.63 and its 200-day simple moving average is $72.16. The stock has a market capitalization of $86.75 billion, a P/E ratio of 18.10, a price-to-earnings-growth ratio of 2.52 and a beta of 1.15.

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

NIKE Announces Dividend

The business 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 $0.40 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.73%. NIKE's dividend payout ratio (DPR) is presently 53.16%.

Insider Transactions at NIKE

In other news, Director Robert Holmes Swan bought 8,600 shares of the stock in a transaction dated 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 purchase, 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the firm's stock in a transaction dated 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 sale, the chairman now owns 896,632 shares in the company, valued at $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. UBS Group dropped their target price on NIKE from $73.00 to $66.00 and set a "neutral" rating for the company in a research report on Friday, March 21st. Dbs Bank upgraded NIKE from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Jefferies Financial Group upgraded NIKE from a "hold" rating to a "buy" rating and increased their target price for the stock from $75.00 to $115.00 in a research note on Monday, February 24th. Morgan Stanley lowered their target price on shares of NIKE from $72.00 to $70.00 and set an "equal weight" rating for the company in a research note on Friday, March 21st. Finally, Needham & Company LLC reduced their price target on shares of NIKE from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Seventeen research 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. Based on data from MarketBeat, NIKE has a consensus rating of "Moderate Buy" and an average price target of $81.15.

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.