1,938 Shares in NIKE, Inc. (NYSE:NKE) Bought by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC bought a new position in NIKE, Inc. (NYSE:NKE) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,938 shares of the footwear maker’s stock, valued at approximately $210,000.

Several other hedge funds also recently bought and sold shares of the company. Morgan Stanley boosted its holdings in NIKE by 26.4% in the 4th quarter. Morgan Stanley now owns 30,720,119 shares of the footwear maker’s stock worth $3,594,561,000 after buying an additional 6,410,744 shares during the period. Alliancebernstein L.P. lifted its stake in NIKE by 7.2% in the 2nd quarter. Alliancebernstein L.P. now owns 22,371,886 shares of the footwear maker’s stock worth $2,469,185,000 after purchasing an additional 1,493,704 shares in the last quarter. FMR LLC lifted its stake in NIKE by 0.7% in the 3rd quarter. FMR LLC now owns 18,502,409 shares of the footwear maker’s stock worth $1,769,200,000 after purchasing an additional 125,746 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its stake in NIKE by 139,649.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 16,813,307 shares of the footwear maker’s stock worth $1,967,325,000 after purchasing an additional 16,801,276 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in NIKE by 4.5% in the 3rd quarter. Northern Trust Corp now owns 15,557,676 shares of the footwear maker’s stock worth $1,487,625,000 after purchasing an additional 674,198 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

Analyst Upgrades and Downgrades

NKE has been the topic of several research analyst reports. BMO Capital Markets boosted their price target on shares of NIKE from $110.00 to $118.00 and gave the stock an “outperform” rating in a research note on Friday, December 22nd. Williams Trading restated a “sell” rating and set a $85.00 target price (down from $92.00) on shares of NIKE in a research report on Monday, March 18th. TheStreet cut shares of NIKE from a “b” rating to a “c+” rating in a research report on Tuesday, January 9th. TD Cowen restated a “market perform” rating and set a $104.00 target price (down from $129.00) on shares of NIKE in a research report on Friday, December 22nd. Finally, Jefferies Financial Group decreased their target price on shares of NIKE from $110.00 to $100.00 and set a “hold” rating on the stock in a research report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $116.26.

NIKE Stock Down 1.3 %

NKE traded down $1.21 during trading on Friday, hitting $94.53. The stock had a trading volume of 11,241,901 shares, compared to its average volume of 11,692,355. The company has a market capitalization of $142.68 billion, a PE ratio of 27.80, a PEG ratio of 1.85 and a beta of 1.08. NIKE, Inc. has a twelve month low of $88.66 and a twelve month high of $128.68. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74. The stock has a 50 day simple moving average of $98.11 and a two-hundred day simple moving average of $103.37.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.29. The company had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. On average, research analysts predict that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.57%. NIKE’s dividend payout ratio is currently 43.53%.

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.