NIKE, Inc. (NYSE:NKE) Shares Purchased by FNY Investment Advisers LLC

FNY Investment Advisers LLC boosted its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 5,745.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,652 shares of the footwear maker's stock after buying an additional 8,504 shares during the quarter. FNY Investment Advisers LLC's holdings in NIKE were worth $654,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of NKE. Garrison Point Advisors LLC grew its position in NIKE by 1.9% in the third quarter. Garrison Point Advisors LLC now owns 6,704 shares of the footwear maker's stock worth $593,000 after acquiring an additional 126 shares in the last quarter. Stephens Consulting LLC grew its position in NIKE by 20.0% in the third quarter. Stephens Consulting LLC now owns 768 shares of the footwear maker's stock worth $68,000 after acquiring an additional 128 shares in the last quarter. PSI Advisors LLC grew its position in NIKE by 26.3% in the third quarter. PSI Advisors LLC now owns 624 shares of the footwear maker's stock worth $55,000 after acquiring an additional 130 shares in the last quarter. Chapin Davis Inc. grew its position in NIKE by 1.2% in the third quarter. Chapin Davis Inc. now owns 11,430 shares of the footwear maker's stock worth $1,010,000 after acquiring an additional 133 shares in the last quarter. Finally, Meridian Financial Partners LLC grew its position in NIKE by 1.6% in the third quarter. Meridian Financial Partners LLC now owns 8,396 shares of the footwear maker's stock worth $742,000 after acquiring an additional 133 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

NIKE Stock Performance

NKE stock traded down $0.99 during midday trading on Tuesday, reaching $71.09. The stock had a trading volume of 16,722,631 shares, compared to its average volume of 13,151,564. The stock has a market cap of $105.15 billion, a PE ratio of 20.37, a P/E/G ratio of 1.89 and a beta of 1.02. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 2.36. The firm has a fifty day simple moving average of $76.05 and a two-hundred day simple moving average of $78.06. NIKE, Inc. has a 52-week low of $70.53 and a 52-week high of $107.43.

NIKE (NYSE:NKE - Get Free Report) last issued its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.15. The company had revenue of $12.35 billion during the quarter, compared to analyst estimates of $12.11 billion. NIKE had a return on equity of 39.84% and a net margin of 10.60%. The firm's quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter last year, the business posted $1.03 EPS. As a group, equities research analysts anticipate that NIKE, Inc. will post 2.72 EPS for the current year.

NIKE Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were paid a $0.40 dividend. This is a positive change from NIKE's previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.25%. NIKE's dividend payout ratio (DPR) is 49.38%.

Analyst Upgrades and Downgrades

NKE has been the subject of several recent analyst reports. Guggenheim dropped their target price on NIKE from $115.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, October 2nd. Bank of America dropped their target price on NIKE from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, December 20th. Morgan Stanley decreased their price target on shares of NIKE from $80.00 to $74.00 and set an "equal weight" rating for the company in a research note on Friday, December 20th. Evercore ISI decreased their price target 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. Finally, Wells Fargo & Company decreased their price target on shares of NIKE from $95.00 to $92.00 and set an "overweight" rating for the company in a research note on Monday, December 16th. Fourteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $89.96.

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.