Financial Engines Advisors L.L.C. Buys New Position in NIKE, Inc. (NYSE:NKE)

Financial Engines Advisors L.L.C. bought a new position in shares of NIKE, Inc. (NYSE:NKE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,802 shares of the footwear maker's stock, valued at approximately $666,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd boosted its stake in NIKE by 599.1% in the third quarter. Harvest Fund Management Co. Ltd now owns 797 shares of the footwear maker's stock valued at $70,000 after acquiring an additional 683 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in NIKE by 35.6% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 104,300 shares of the footwear maker's stock worth $9,220,000 after buying an additional 27,400 shares during the last quarter. CreativeOne Wealth LLC increased its position in NIKE by 13.5% during the third quarter. CreativeOne Wealth LLC now owns 21,978 shares of the footwear maker's stock worth $1,943,000 after buying an additional 2,612 shares during the period. Providence Capital Advisors LLC lifted its stake in NIKE by 29.3% in the third quarter. Providence Capital Advisors LLC now owns 78,784 shares of the footwear maker's stock valued at $6,965,000 after buying an additional 17,871 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of NIKE by 4.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 548,318 shares of the footwear maker's stock worth $48,471,000 after acquiring an additional 24,614 shares during the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

NKE has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of NIKE from $92.00 to $82.00 and set a "buy" rating for the company in a research note on Monday, December 16th. Cfra Research raised NIKE to a "moderate buy" rating in a report on Friday, March 21st. Dbs Bank upgraded NIKE from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Evercore ISI lowered their target price on NIKE from $105.00 to $97.00 and set an "outperform" rating on the stock in a research note on Monday, December 16th. Finally, Royal Bank of Canada cut their price target on NIKE from $67.00 to $66.00 and set a "sector perform" rating for the company in a research note on Friday, March 21st. Fifteen investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $87.38.

NIKE Trading Down 3.8 %

Shares of NIKE stock traded down $2.48 during mid-day trading on Friday, hitting $63.32. 19,564,094 shares of the stock were exchanged, compared to its average volume of 12,930,854. The stock has a market capitalization of $93.65 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. NIKE, Inc. has a twelve month low of $63.14 and a twelve month high of $98.04. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The company has a 50-day simple moving average of $74.16 and a 200 day simple moving average of $76.93.

NIKE (NYSE:NKE - Get Free Report) last announced its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.26. The firm had revenue of $11.27 billion for the quarter, compared to analyst estimates of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. NIKE's revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.98 earnings per share. Research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 annualized dividend and a yield of 2.53%. NIKE's payout ratio is currently 53.16%.

Insider Buying and Selling

In related news, Chairman Mark G. Parker sold 169,732 shares of the company's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the completion of the transaction, the chairman now owns 896,632 shares of the company's stock, valued at approximately $65,301,708.56. This represents a 15.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by company insiders.

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.