Riverview Capital Advisers LLC Purchases Shares of 60,679 NIKE, Inc. (NYSE:NKE)

Riverview Capital Advisers LLC purchased a new stake in NIKE, Inc. (NYSE:NKE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 60,679 shares of the footwear maker's stock, valued at approximately $4,592,000. NIKE accounts for about 1.4% of Riverview Capital Advisers LLC's holdings, making the stock its 24th largest position.

A number of other hedge funds also recently made changes to their positions in the stock. Caitlin John LLC raised 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 purchasing an additional 200 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of NIKE during the fourth quarter worth $28,000. Roxbury Financial LLC bought a new position in NIKE during the fourth quarter worth $30,000. LFA Lugano Financial Advisors SA lifted its holdings in NIKE by 110.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock valued at $30,000 after buying an additional 210 shares during the period. Finally, Hopwood Financial Services Inc. bought a new stake in NIKE during the fourth quarter valued at $30,000. 64.25% of the stock is currently owned by institutional investors.

NIKE Stock Down 1.0%

Shares of NYSE:NKE opened at $61.77 on Thursday. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $98.04. The company has a market capitalization of $91.37 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23. The business has a fifty day moving average price of $61.57 and a two-hundred day moving average price of $70.96. 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 (NYSE:NKE - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.26. The company had revenue of $11.27 billion during the quarter, compared to analyst estimates of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm's revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 earnings per share. Analysts forecast 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. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.59%. NIKE's payout ratio is currently 53.16%.

Insider Buying and Selling

In other news, Chairman Mark G. Parker sold 169,732 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at $65,301,708.56. The trade was a 15.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert Holmes Swan acquired 8,600 shares of the business's stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average cost of $58.46 per share, with a total value of $502,756.00. Following the completion of the acquisition, the director now owns 31,983 shares in the company, valued at $1,869,726.18. This trade represents a 36.78% increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

NKE has been the subject of several research analyst reports. UBS Group lowered their price objective on NIKE from $73.00 to $66.00 and set a "neutral" rating for the company in a research report on Friday, March 21st. Berenberg Bank began coverage on NIKE in a report on Tuesday, April 15th. They issued a "hold" rating and a $58.00 target price for the company. Wells Fargo & Company increased their price target on NIKE from $55.00 to $60.00 and gave the stock an "equal weight" rating in a report on Wednesday. JPMorgan Chase & Co. reduced their price objective on shares of NIKE from $64.00 to $56.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Finally, Needham & Company LLC dropped their target price on shares of NIKE from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Seventeen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.

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