Bank of Montreal Can Has $189.07 Million Stock Holdings in NIKE, Inc. (NYSE:NKE)

Bank of Montreal Can lowered its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 2.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,498,566 shares of the footwear maker's stock after selling 57,330 shares during the quarter. Bank of Montreal Can owned about 0.17% of NIKE worth $189,067,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Range Financial Group LLC acquired a new position in NIKE during the 4th quarter worth approximately $642,000. Cacti Asset Management LLC acquired a new position in shares of NIKE during the fourth quarter worth $9,987,000. Capricorn Fund Managers Ltd purchased a new position in shares of NIKE in the fourth quarter valued at $5,384,000. Klein Pavlis & Peasley Financial Inc. grew its holdings in NIKE by 31.1% during the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 25,835 shares of the footwear maker's stock valued at $1,955,000 after purchasing an additional 6,124 shares in the last quarter. Finally, FNY Investment Advisers LLC increased its stake in NIKE by 5,745.9% during the 4th quarter. FNY Investment Advisers LLC now owns 8,652 shares of the footwear maker's stock worth $654,000 after buying an additional 8,504 shares during the period. Institutional investors and hedge funds own 64.25% of the company's stock.

NIKE Price Performance

Shares of NIKE stock traded down $0.29 on Friday, hitting $54.11. The company had a trading volume of 11,987,879 shares, compared to its average volume of 13,989,208. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $98.04. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The company has a market cap of $80.04 billion, a PE ratio of 16.70, a PEG ratio of 2.52 and a beta of 1.15. The business has a 50-day simple moving average of $70.48 and a 200-day simple moving average of $75.16.

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

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date was Monday, March 3rd. NIKE's payout ratio is 53.16%.

Insiders Place Their Bets

In other NIKE news, Director Robert Holmes Swan bought 8,600 shares of the firm's stock in a transaction dated Friday, April 4th. The stock was acquired at an average price of $58.46 per share, with a total value of $502,756.00. Following the completion of the transaction, the director now directly owns 31,983 shares in the company, valued at approximately $1,869,726.18. This represents a 36.78 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 in the company, valued at approximately $65,301,708.56. This represents a 15.92 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NKE has been the subject of several recent analyst reports. China Renaissance started coverage on NIKE in a research note on Wednesday, March 19th. They set a "hold" rating for the company. Deutsche Bank Aktiengesellschaft lowered their price objective on NIKE from $92.00 to $82.00 and set a "buy" rating for the company in a research note on Monday, December 16th. Wells Fargo & Company cut their target price on NIKE from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Friday, March 21st. Bank of America decreased their price target on shares of NIKE from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, December 20th. Finally, Barclays cut their price target on shares of NIKE from $79.00 to $70.00 and set an "equal weight" rating on the stock in a report on Friday, December 20th. Fifteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, NIKE presently has a consensus rating of "Moderate Buy" and an average price target of $86.19.

NIKE Company 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.