NIKE, Inc. (NYSE:NKE) Shares Purchased by Evergreen Capital Management LLC

Evergreen Capital Management LLC raised its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 237,199 shares of the footwear maker's stock after buying an additional 7,536 shares during the period. Evergreen Capital Management LLC's holdings in NIKE were worth $18,042,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Range Financial Group LLC acquired a new stake in NIKE during the 4th quarter worth approximately $642,000. Cacti Asset Management LLC acquired a new position in NIKE during the 4th quarter worth $9,987,000. Capricorn Fund Managers Ltd purchased a new stake in NIKE during the 4th quarter worth about $5,384,000. Klein Pavlis & Peasley Financial Inc. boosted its stake in shares of NIKE by 31.1% in 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 buying an additional 6,124 shares during the period. Finally, FNY Investment Advisers LLC grew its position in shares of NIKE by 5,745.9% during the fourth 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 in the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NIKE

In related news, Director Robert Holmes Swan purchased 8,600 shares of the business's stock in a transaction dated Friday, April 4th. The stock was bought at an average cost of $58.46 per share, with a total value of $502,756.00. Following the completion of the acquisition, the director now directly owns 31,983 shares in the company, valued at $1,869,726.18. The trade was a 36.78 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $72.83, for a total value of $12,361,581.56. Following the sale, the chairman now directly owns 896,632 shares in the company, valued at approximately $65,301,708.56. The trade was a 15.92 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have commented on NKE. Morgan Stanley dropped their price objective on shares of NIKE from $72.00 to $70.00 and set an "equal weight" rating on the stock in a research report on Friday, March 21st. Jefferies Financial Group upgraded NIKE from a "hold" rating to a "buy" rating and increased their price objective for the company from $75.00 to $115.00 in a report on Monday, February 24th. Cfra Research raised NIKE to a "moderate buy" rating in a report on Friday, March 21st. UBS Group cut their price objective on shares of NIKE from $73.00 to $66.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Finally, Bank of America dropped their target price on shares of NIKE from $95.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. Sixteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, NIKE currently has a consensus rating of "Moderate Buy" and a consensus price target of $85.15.

NIKE Price Performance

NKE traded up $2.18 during trading on Friday, reaching $55.73. 18,891,139 shares of the stock were exchanged, compared to its average volume of 14,180,177. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $98.04. The company has a market capitalization of $82.44 billion, a price-to-earnings ratio of 17.20, a P/E/G ratio of 2.52 and a beta of 1.15. The business's 50 day moving average price is $68.71 and its two-hundred day moving average price is $74.09. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51.

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

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were given a dividend of $0.40 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.87%. NIKE's dividend payout ratio is currently 53.16%.

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.