Jump Financial LLC Buys 91,007 Shares of NIKE, Inc. (NYSE:NKE)

Jump Financial LLC lifted its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 475.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 110,145 shares of the footwear maker's stock after buying an additional 91,007 shares during the quarter. Jump Financial LLC's holdings in NIKE were worth $8,335,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

NKE has been the subject of several recent analyst reports. Robert W. Baird cut their target price on NIKE from $105.00 to $99.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. DA Davidson raised NIKE to a "strong-buy" rating in a research note on Monday, December 23rd. Barclays reduced their price target on shares of NIKE from $79.00 to $70.00 and set an "equal weight" rating on the stock in a research note on Friday, December 20th. Jefferies Financial Group raised shares of 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 research note on Monday, February 24th. Finally, Cfra Research upgraded NIKE to a "moderate buy" rating in a research note on Friday, March 21st. Sixteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $85.15.

NIKE Stock Up 4.1 %

NKE stock 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. The firm has a market cap of $82.44 billion, a P/E ratio of 17.20, a price-to-earnings-growth ratio of 2.52 and a beta of 1.15. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $98.04. The firm's 50 day moving average is $68.71 and its 200 day moving average is $74.09. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $11.27 billion during the quarter, compared to analyst estimates of $11.02 billion. During the same quarter in the previous year, the business posted $0.98 EPS. NIKE's quarterly revenue was down 9.1% on a year-over-year basis. As a group, research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were issued a $0.40 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.87%. NIKE's dividend payout ratio is presently 53.16%.

Insider Transactions at NIKE

In other news, Director Robert Holmes Swan bought 8,600 shares of the stock in a transaction on Friday, April 4th. The shares were acquired at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the purchase, the director now directly owns 31,983 shares of the company's stock, valued at $1,869,726.18. This trade represents a 36.78 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the business's stock in a transaction 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 owns 896,632 shares of the company's stock, valued at $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. 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.