King Luther Capital Management Corp Buys 13,494 Shares of NIKE, Inc. (NYSE:NKE)

King Luther Capital Management Corp lifted its position in NIKE, Inc. (NYSE:NKE - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,040,266 shares of the footwear maker's stock after buying an additional 13,494 shares during the period. King Luther Capital Management Corp owned approximately 0.07% of NIKE worth $112,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of NKE. FMR LLC grew its position in shares of NIKE by 0.7% during the 3rd quarter. FMR LLC now owns 18,502,409 shares of the footwear maker's stock valued at $1,769,200,000 after acquiring an additional 125,746 shares during the period. Northern Trust Corp grew its holdings in NIKE by 4.5% during the third quarter. Northern Trust Corp now owns 15,557,676 shares of the footwear maker's stock valued at $1,487,625,000 after purchasing an additional 674,198 shares during the period. Norges Bank purchased a new stake in NIKE in the fourth quarter worth about $1,315,097,000. Fisher Asset Management LLC raised its stake in shares of NIKE by 2.3% in the fourth quarter. Fisher Asset Management LLC now owns 9,887,769 shares of the footwear maker's stock worth $1,073,515,000 after buying an additional 219,091 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of NIKE by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,200,932 shares of the footwear maker's stock valued at $766,829,000 after buying an additional 89,947 shares in the last quarter. Institutional investors own 64.25% of the company's stock.

NIKE Stock Up 1.1 %

Shares of NKE traded up $1.05 during mid-day trading on Tuesday, hitting $92.82. The company's stock had a trading volume of 7,799,760 shares, compared to its average volume of 9,273,164. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. The company's 50-day moving average is $93.82 and its 200-day moving average is $102.28. NIKE, Inc. has a 52-week low of $88.66 and a 52-week high of $123.39. The firm has a market capitalization of $140.10 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 1.78 and a beta of 1.07.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.29. The firm had revenue of $12.43 billion during the quarter, compared to analysts' expectations of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. On average, equities research analysts forecast that NIKE, Inc. will post 3.73 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be paid a dividend of $0.37 per share. The ex-dividend date is Monday, June 3rd. This represents a $1.48 annualized dividend and a yield of 1.59%. NIKE's dividend payout ratio (DPR) is 43.53%.

Insider Activity at NIKE

In other NIKE news, Chairman Mark G. Parker sold 168,378 shares of the firm's stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $93.14, for a total value of $15,682,726.92. Following the completion of the sale, the chairman now owns 1,102,090 shares of the company's stock, valued at $102,648,662.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other NIKE news, Chairman Mark G. Parker sold 168,378 shares of the stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $93.14, for a total transaction of $15,682,726.92. Following the sale, the chairman now directly owns 1,102,090 shares of the company's stock, valued at approximately $102,648,662.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Monique S. Matheson sold 45,000 shares of NIKE stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $94.16, for a total transaction of $4,237,200.00. Following the transaction, the executive vice president now directly owns 44,997 shares of the company's stock, valued at $4,236,917.52. The disclosure for this sale can be found here. Insiders have sold 213,660 shares of company stock valued at $19,946,333 in the last ninety days. Corporate insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Citigroup lowered their price target on shares of NIKE from $135.00 to $125.00 and set a "buy" rating on the stock in a report on Thursday, March 14th. Evercore ISI dropped their target price on shares of NIKE from $127.00 to $117.00 and set an "outperform" rating for the company in a report on Friday, March 22nd. Stifel Nicolaus decreased their price target on NIKE from $129.00 to $117.00 and set a "buy" rating on the stock in a report on Friday, March 22nd. Williams Trading restated a "sell" rating and issued a $85.00 price objective (down from $92.00) on shares of NIKE in a research report on Monday, March 18th. Finally, Wedbush reiterated an "outperform" rating and set a $115.00 target price on shares of NIKE in a research report on Tuesday, April 30th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-one have given a buy rating to the company's stock. According to MarketBeat, NIKE presently has a consensus rating of "Moderate Buy" and an average target price of $116.26.

About NIKE

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.

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