Phocas Financial Corp. bought a new position in NIKE, Inc. (NYSE:NKE – Get Rating) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,262 shares of the footwear maker’s stock, valued at approximately $148,000.
Several other large investors also recently modified their holdings of the business. Renaissance Technologies LLC purchased a new stake in NIKE in the second quarter worth about $212,851,000. Two Sigma Investments LP lifted its holdings in NIKE by 487.6% in the third quarter. Two Sigma Investments LP now owns 2,151,470 shares of the footwear maker’s stock worth $178,830,000 after buying an additional 1,785,322 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in NIKE by 187.1% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,345,116 shares of the footwear maker’s stock worth $194,926,000 after buying an additional 1,528,375 shares during the period. Coho Partners Ltd. purchased a new stake in NIKE in the third quarter worth about $118,416,000. Finally, Lazard Asset Management LLC lifted its holdings in NIKE by 221.5% in the first quarter. Lazard Asset Management LLC now owns 2,046,445 shares of the footwear maker’s stock worth $275,368,000 after buying an additional 1,409,913 shares during the period. 63.20% of the stock is owned by institutional investors.
Analysts Set New Price Targets
NKE has been the subject of several recent research reports. Redburn Partners initiated coverage on shares of NIKE in a report on Thursday. They set a “sell” rating and a $100.00 target price for the company. The Goldman Sachs Group set a $133.00 target price on shares of NIKE in a report on Monday, January 2nd. Barclays lifted their target price on shares of NIKE from $109.00 to $110.00 and gave the company an “equal weight” rating in a report on Tuesday, March 14th. StockNews.com initiated coverage on shares of NIKE in a report on Thursday. They set a “hold” rating for the company. Finally, Royal Bank of Canada set a $145.00 target price on shares of NIKE in a report on Friday. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $129.66.
NIKE Trading Down 0.2 %
NIKE (NYSE:NKE – Get Rating) last issued its quarterly earnings data on Tuesday, December 20th. The footwear maker reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.20. NIKE had a net margin of 11.47% and a return on equity of 36.83%. The firm had revenue of $13.32 billion during the quarter, compared to the consensus estimate of $12.61 billion. As a group, equities analysts predict that NIKE, Inc. will post 3.15 earnings per share for the current year.
NIKE Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Monday, March 6th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Friday, March 3rd. NIKE’s payout ratio is 38.31%.
In other NIKE news, Director Peter B. Henry acquired 557 shares of the business’s stock in a transaction dated Tuesday, February 7th. The stock was purchased at an average price of $125.45 per share, with a total value of $69,875.65. Following the transaction, the director now directly owns 4,062 shares in the company, valued at approximately $509,577.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Peter B. Henry bought 557 shares of the company’s stock in a transaction that occurred on Tuesday, February 7th. The stock was bought at an average price of $125.45 per share, with a total value of $69,875.65. Following the acquisition, the director now owns 4,062 shares of the company’s stock, valued at approximately $509,577.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Monique S. Matheson sold 5,000 shares of the company’s stock in a transaction on Friday, January 6th. The stock was sold at an average price of $124.00, for a total transaction of $620,000.00. Following the completion of the transaction, the executive vice president now directly owns 60,213 shares of the company’s stock, valued at approximately $7,466,412. The disclosure for this sale can be found here. Insiders own 0.40% of the company’s stock.
NIKE, Inc engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America, Europe, Middle East & Africa, Greater China, Asia Pacific & Latin America, Global Brand Divisions, Converse, and Corporate.
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