Fayez Sarofim & Co Acquires 8,360 Shares of NIKE, Inc. (NYSE:NKE)

Fayez Sarofim & Co lifted its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,209,863 shares of the footwear maker's stock after buying an additional 8,360 shares during the period. Fayez Sarofim & Co owned about 0.15% of NIKE worth $167,220,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Heck Capital Advisors LLC acquired a new stake in shares of NIKE during the fourth quarter worth $28,000. Caitlin John LLC grew its holdings in NIKE by 117.0% during the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock worth $28,000 after acquiring an additional 200 shares during the period. Roxbury Financial LLC bought a new position in shares of NIKE in the 4th quarter worth about $30,000. LFA Lugano Financial Advisors SA lifted its stake in shares of NIKE by 110.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock valued at $30,000 after purchasing an additional 210 shares during the period. Finally, Hopwood Financial Services Inc. bought a new stake in shares of NIKE during the 4th quarter valued at about $30,000. Institutional investors own 64.25% of the company's stock.

NIKE Stock Performance

Shares of NKE stock traded up $0.34 during trading hours on Wednesday, reaching $57.40. The company had a trading volume of 21,602,811 shares, compared to its average volume of 14,313,908. The firm has a market cap of $84.90 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 2.52 and a beta of 1.15. The business has a fifty day moving average price of $67.44 and a 200-day moving average price of $73.33. NIKE, Inc. has a one year low of $52.28 and a one year high of $98.04. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22.

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 the consensus estimate of $0.28 by $0.26. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business had revenue of $11.27 billion for the quarter, compared to analysts' expectations of $11.02 billion. During the same period last year, the firm posted $0.98 earnings per share. The business's revenue for the quarter was down 9.1% on a year-over-year basis. Sell-side analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were given a $0.40 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.60 annualized dividend and a yield of 2.79%. NIKE's payout ratio is presently 53.16%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NKE shares. Guggenheim reiterated a "buy" rating and set a $110.00 target price on shares of NIKE in a research report on Wednesday, February 12th. Morgan Stanley cut their price target on shares of NIKE from $72.00 to $70.00 and set an "equal weight" rating on the stock in a report on Friday, March 21st. Stifel Nicolaus decreased their target price on NIKE from $75.00 to $64.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. BMO Capital Markets cut their price target on shares of NIKE from $95.00 to $92.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Finally, China Renaissance started coverage on shares of NIKE in a research report on Wednesday, March 19th. They issued a "hold" rating on the stock. Sixteen 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. Based on data from MarketBeat, NIKE has an average rating of "Moderate Buy" and a consensus price target of $83.19.

Insider Transactions at NIKE

In other news, Director Robert Holmes Swan bought 8,600 shares of NIKE stock in a transaction that occurred on 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 acquisition, the director now owns 31,983 shares of the company's stock, valued at $1,869,726.18. The trade was a 36.78 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Mark G. Parker sold 169,732 shares of NIKE 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 transaction, the chairman now directly owns 896,632 shares in the company, valued at $65,301,708.56. This represents a 15.92 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

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.