RPg Family Wealth Advisory LLC acquired a new position in shares of Nike Inc (NYSE:NKE) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 692 shares of the footwear maker’s stock, valued at approximately $51,000.

A number of other hedge funds also recently modified their holdings of NKE. Oregon Public Employees Retirement Fund lifted its position in Nike by 6,517.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 35,283,152 shares of the footwear maker’s stock worth $476,000 after acquiring an additional 34,749,961 shares during the last quarter. BlackRock Inc. lifted its position in Nike by 4.3% during the fourth quarter. BlackRock Inc. now owns 86,268,224 shares of the footwear maker’s stock worth $6,395,928,000 after acquiring an additional 3,592,186 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd acquired a new stake in Nike during the fourth quarter worth approximately $224,658,000. AQR Capital Management LLC lifted its position in Nike by 352.5% during the third quarter. AQR Capital Management LLC now owns 3,839,908 shares of the footwear maker’s stock worth $325,317,000 after acquiring an additional 2,991,299 shares during the last quarter. Finally, Putnam Investments LLC lifted its position in Nike by 2,572.6% during the third quarter. Putnam Investments LLC now owns 1,791,717 shares of the footwear maker’s stock worth $151,794,000 after acquiring an additional 1,724,676 shares during the last quarter. Hedge funds and other institutional investors own 65.56% of the company’s stock.

Several equities research analysts have issued reports on the stock. Bank of America raised their price objective on shares of Nike from $55.00 to $60.00 and gave the stock an “underperform” rating in a research report on Tuesday, March 19th. Credit Suisse Group restated a “buy” rating and set a $97.00 price objective on shares of Nike in a research report on Friday. JPMorgan Chase & Co. raised their price objective on shares of Nike from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Goldman Sachs Group set a $85.00 price objective on shares of Nike and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. Finally, Canaccord Genuity set a $96.00 price objective on shares of Nike and gave the stock a “buy” rating in a research report on Monday, March 18th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $86.93.

In related news, CEO Mark G. Parker sold 150,000 shares of Nike stock in a transaction that occurred on Friday, January 18th. The shares were sold at an average price of $80.00, for a total value of $12,000,000.00. Following the transaction, the chief executive officer now directly owns 1,687,863 shares of the company’s stock, valued at $135,029,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Monique S. Matheson sold 16,500 shares of Nike stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $88.21, for a total transaction of $1,455,465.00. The disclosure for this sale can be found here. Insiders sold 816,500 shares of company stock worth $63,317,465 over the last three months. 3.90% of the stock is currently owned by insiders.

Shares of NYSE:NKE opened at $82.19 on Monday. The company has a market capitalization of $129.35 billion, a P/E ratio of 33.96, a PEG ratio of 2.58 and a beta of 0.68. The company has a current ratio of 2.17, a quick ratio of 1.43 and a debt-to-equity ratio of 0.39. Nike Inc has a 1 year low of $63.21 and a 1 year high of $88.59.

Nike (NYSE:NKE) last announced its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. The business had revenue of $9.61 billion for the quarter, compared to analysts’ expectations of $9.60 billion. Nike had a net margin of 10.79% and a return on equity of 45.78%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $0.68 earnings per share. As a group, equities analysts predict that Nike Inc will post 2.59 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 4th will be paid a $0.22 dividend. The ex-dividend date is Friday, March 1st. This represents a $0.88 dividend on an annualized basis and a yield of 1.07%. Nike’s dividend payout ratio (DPR) is 36.36%.

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Nike Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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