Capricorn Fund Managers Ltd Invests $5.38 Million in NIKE, Inc. (NYSE:NKE)

Capricorn Fund Managers Ltd purchased a new stake in NIKE, Inc. (NYSE:NKE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 72,119 shares of the footwear maker's stock, valued at approximately $5,384,000. NIKE makes up about 2.4% of Capricorn Fund Managers Ltd's portfolio, making the stock its 15th largest position.

A number of other hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. grew its stake in shares of NIKE by 9.6% in the 2nd quarter. Pacer Advisors Inc. now owns 107,821 shares of the footwear maker's stock valued at $8,126,000 after purchasing an additional 9,471 shares during the period. Westwood Holdings Group Inc. bought a new stake in NIKE in the second quarter valued at $231,000. ProShare Advisors LLC raised its stake in NIKE by 2.0% during the second quarter. ProShare Advisors LLC now owns 272,650 shares of the footwear maker's stock worth $20,550,000 after acquiring an additional 5,424 shares in the last quarter. Frank Rimerman Advisors LLC lifted its holdings in shares of NIKE by 4,942.1% during the second quarter. Frank Rimerman Advisors LLC now owns 15,227 shares of the footwear maker's stock valued at $1,148,000 after acquiring an additional 14,925 shares during the period. Finally, Mount Yale Investment Advisors LLC acquired a new stake in shares of NIKE in the 2nd quarter valued at $674,000. Institutional investors own 64.25% of the company's stock.

Analyst Upgrades and Downgrades

NKE has been the subject of a number of recent analyst reports. TD Cowen dropped their target price on shares of NIKE from $78.00 to $73.00 and set a "hold" rating for the company in a research report on Monday, November 18th. Evercore ISI cut their target price on shares of NIKE from $105.00 to $97.00 and set an "outperform" rating for the company in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft decreased their price target on NIKE from $92.00 to $82.00 and set a "buy" rating on the stock in a research report on Monday, December 16th. Royal Bank of Canada cut their price objective on NIKE from $82.00 to $80.00 and set a "sector perform" rating for the company in a research report on Thursday, November 7th. Finally, Jefferies Financial Group increased their target price on NIKE from $80.00 to $85.00 and gave the stock a "hold" rating in a report on Monday, September 30th. Fourteen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.96.

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Insider Activity

In other NIKE news, Director John W. Rogers, Jr. bought 2,500 shares of the firm's stock in a transaction that occurred on Friday, December 27th. The shares were acquired at an average cost of $76.65 per share, with a total value of $191,625.00. Following the acquisition, the director now owns 34,403 shares of the company's stock, valued at $2,636,989.95. The trade was a 7.84 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is owned by insiders.

NIKE Stock Up 3.4 %

NYSE NKE traded up $2.38 during trading hours on Tuesday, hitting $73.22. 14,154,326 shares of the company traded hands, compared to its average volume of 12,668,548. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The business's 50-day moving average is $75.66 and its 200-day moving average is $77.92. The stock has a market capitalization of $108.30 billion, a price-to-earnings ratio of 22.60, a P/E/G ratio of 2.25 and a beta of 1.02. NIKE, Inc. has a twelve month low of $70.32 and a twelve month high of $107.43.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, beating the consensus estimate of $0.63 by $0.15. The company had revenue of $12.35 billion during the quarter, compared to the consensus estimate of $12.11 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The firm's revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 EPS. Sell-side analysts anticipate that NIKE, Inc. will post 2.1 earnings per share for the current year.

NIKE Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend was Monday, December 2nd. This is an increase from NIKE's previous quarterly dividend of $0.37. NIKE's dividend payout ratio (DPR) is 49.38%.

About NIKE

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.