NIKE, Inc. (NYSE:NKE) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP lowered its stake in shares of NIKE, Inc. (NYSE:NKE) by 18.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,095,590 shares of the footwear maker’s stock after selling 488,503 shares during the period. Two Sigma Investments LP’s holdings in NIKE were worth $158,573,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of NKE. Wellington Management Group LLP grew its holdings in NIKE by 32.4% during the fourth quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker’s stock worth $2,749,903,000 after acquiring an additional 8,898,591 shares during the period. Geode Capital Management LLC lifted its holdings in NIKE by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 25,376,558 shares of the footwear maker’s stock valued at $1,915,110,000 after acquiring an additional 347,178 shares during the period. Capital World Investors boosted its position in NIKE by 10.3% in the 4th quarter. Capital World Investors now owns 24,545,937 shares of the footwear maker’s stock worth $1,857,389,000 after purchasing an additional 2,288,627 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of NIKE by 18.1% during the 4th quarter. Bank of New York Mellon Corp now owns 20,367,993 shares of the footwear maker’s stock worth $1,541,246,000 after purchasing an additional 3,121,929 shares during the period. Finally, Norges Bank purchased a new position in shares of NIKE during the 4th quarter valued at approximately $1,126,288,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Activity at NIKE

In other news, Director Robert Holmes Swan acquired 8,600 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average price 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 of the company’s stock, valued at $1,869,726.18. This trade represents a 36.78% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.10% of the company’s stock.

NIKE Price Performance

Shares of NYSE NKE opened at $63.13 on Monday. The firm has a 50-day simple moving average of $61.07 and a 200-day simple moving average of $70.66. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $93.38 billion, a price-to-earnings ratio of 19.48, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $98.04.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, beating 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 company had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $11.02 billion. During the same quarter in the prior year, the company earned $0.98 EPS. NIKE’s revenue was down 9.1% compared to the same quarter last year. On average, equities analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current fiscal 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 given a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.53%. NIKE’s dividend payout ratio (DPR) is presently 53.16%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NKE shares. JPMorgan Chase & Co. lowered their price target on shares of NIKE from $64.00 to $56.00 and set a “neutral” rating on the stock in a report on Monday, May 5th. BMO Capital Markets decreased their price objective on shares of NIKE from $95.00 to $92.00 and set an “outperform” rating for the company in a research report on Friday, March 21st. Cfra Research raised shares of NIKE to a “moderate buy” rating in a research note on Friday, March 21st. The Goldman Sachs Group dropped their target price on NIKE from $88.00 to $72.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Finally, Telsey Advisory Group reduced their price target on NIKE from $80.00 to $70.00 and set a “market perform” rating for the company in a report on Tuesday, May 6th. Seventeen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, NIKE has a consensus rating of “Moderate Buy” and a consensus price target of $80.30.

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.