Invesco Ltd. Acquires 688,889 Shares of NIKE, Inc. (NYSE:NKE)

Invesco Ltd. lifted its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 12.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,213,803 shares of the footwear maker's stock after purchasing an additional 688,889 shares during the period. Invesco Ltd. owned about 0.42% of NIKE worth $470,199,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Employees Retirement System of Texas acquired a new stake in shares of NIKE during the 4th quarter valued at approximately $1,312,000. Central Securities Corp bought a new position in shares of NIKE in the 4th quarter worth about $75,670,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in shares of NIKE by 95.1% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 513 shares of the footwear maker's stock valued at $39,000 after buying an additional 250 shares during the period. Trek Financial LLC grew its position in shares of NIKE by 60.7% during the 4th quarter. Trek Financial LLC now owns 12,274 shares of the footwear maker's stock valued at $929,000 after buying an additional 4,638 shares during the last quarter. Finally, Polymer Capital Management HK LTD acquired a new stake in NIKE during the fourth quarter worth about $3,693,000. 64.25% of the stock is owned by institutional investors.

NIKE Trading Up 0.1 %

NKE stock traded up $0.04 during midday trading on Friday, hitting $54.44. 22,585,735 shares of the company's stock were exchanged, compared to its average volume of 14,036,479. 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. The company has a market cap of $80.52 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 2.52 and a beta of 1.15. The stock's fifty day moving average price is $70.03 and its 200-day moving average price is $74.83.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, beating 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 quarter in the previous year, the business posted $0.98 EPS. NIKE's revenue for the quarter was down 9.1% on a year-over-year basis. Research analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current fiscal 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 issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.94%. NIKE's payout ratio is 53.16%.

Analysts Set New Price Targets

Several brokerages recently issued reports on NKE. Guggenheim reissued a "buy" rating and issued a $110.00 price target on shares of NIKE in a report on Wednesday, February 12th. Bank of America lowered 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. UBS Group lowered their price target on NIKE from $73.00 to $66.00 and set a "neutral" rating on the stock in a research report on Friday, March 21st. Royal Bank of Canada reduced their price target on shares of NIKE from $67.00 to $66.00 and set a "sector perform" rating for the company in a research report on Friday, March 21st. Finally, Evercore ISI reduced their price target on NIKE from $105.00 to $97.00 and set an "outperform" rating for the company in a report on Monday, December 16th. Fifteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, NIKE has a consensus rating of "Moderate Buy" and an average target price of $86.19.

Insider Buying and Selling

In other news, Director Robert Holmes Swan acquired 8,600 shares of NIKE 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 transaction, the director now directly owns 31,983 shares of the company's stock, valued at approximately $1,869,726.18. This represents a 36.78 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $12,361,581.56. Following the completion of the sale, the chairman now directly 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. Company insiders own 1.10% of the company's stock.

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.