Guardian Partners Inc. Takes Position in NIKE, Inc. (NYSE:NKE)

Guardian Partners Inc. purchased a new stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 73,643 shares of the footwear maker's stock, valued at approximately $5,250,000.

Other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its holdings in NIKE by 6,029.6% during the 4th quarter. Pacer Advisors Inc. now owns 6,821,270 shares of the footwear maker's stock worth $516,166,000 after purchasing an additional 6,709,985 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in shares of NIKE by 1,209,638.7% in the third quarter. Loomis Sayles & Co. L P now owns 6,508,394 shares of the footwear maker's stock valued at $575,342,000 after acquiring an additional 6,507,856 shares during the period. Bank of New York Mellon Corp boosted its position in shares of NIKE by 18.1% in the fourth quarter. Bank of New York Mellon Corp now owns 20,367,993 shares of the footwear maker's stock valued at $1,541,246,000 after acquiring an additional 3,121,929 shares during the period. Assenagon Asset Management S.A. lifted its stake in NIKE by 358.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,015,267 shares of the footwear maker's stock worth $228,165,000 after purchasing an additional 2,357,745 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in NIKE in the 4th quarter valued at $156,438,000. Hedge funds and other institutional investors own 64.25% of the company's stock.

NIKE Trading Up 0.2 %

Shares of NKE traded up $0.13 during mid-day trading on Thursday, hitting $65.87. 16,424,324 shares of the company's stock traded hands, compared to its average volume of 12,466,770. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $97.42 billion, a P/E ratio of 20.33, a PEG ratio of 2.52 and a beta of 1.02. The business's 50-day moving average price is $74.31 and its 200-day moving average price is $77.05. NIKE, Inc. has a 1 year low of $64.95 and a 1 year high of $98.04.

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NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings data 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 net margin of 9.98% and a return on equity of 36.99%. The business had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $11.02 billion. During the same period in the previous year, the firm earned $0.98 EPS. The company's quarterly revenue was down 9.1% compared to the same quarter last year. As a group, sell-side analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued 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 2.43%. NIKE's dividend payout ratio (DPR) is presently 53.16%.

Insider Buying and Selling at NIKE

In related news, Director John W. Rogers, Jr. purchased 2,500 shares of NIKE stock in a transaction dated Friday, December 27th. The stock was purchased at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the acquisition, the director now directly owns 34,403 shares of the company's stock, valued at $2,636,989.95. The trade was a 7.84 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Mark G. Parker sold 169,732 shares of the company's stock in a transaction dated Friday, February 14th. The stock was 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. The trade was a 15.92 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of NIKE from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Friday, March 21st. UBS Group cut their price objective on NIKE from $73.00 to $66.00 and set a "neutral" rating for the company in a report on Friday, March 21st. China Renaissance initiated coverage on shares of NIKE in a research report on Wednesday, March 19th. They set a "hold" rating for the company. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of NIKE from $92.00 to $82.00 and set a "buy" rating on the stock in a research report on Monday, December 16th. Finally, Morgan Stanley cut their target price on shares of NIKE from $72.00 to $70.00 and set an "equal weight" rating for the company in a research report on Friday, March 21st. Fifteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, NIKE presently has a consensus rating of "Moderate Buy" and a consensus target price of $87.38.

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.