KLP Kapitalforvaltning AS Makes New Investment in NIKE, Inc. (NYSE:NKE)

KLP Kapitalforvaltning AS bought a new stake in NIKE, Inc. (NYSE:NKE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 467,858 shares of the footwear maker's stock, valued at approximately $35,560,000.

Other large investors also recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new position in NIKE in the fourth quarter worth about $28,000. Caitlin John LLC boosted its holdings in shares of NIKE by 117.0% in 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 during the period. Teachers Insurance & Annuity Association of America bought a new position in shares of NIKE during the 3rd quarter valued at approximately $30,000. Roxbury Financial LLC purchased a new stake in NIKE during the 4th quarter valued at $30,000. Finally, LFA Lugano Financial Advisors SA lifted its position in NIKE by 110.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock worth $30,000 after buying an additional 210 shares during the last quarter. Institutional investors own 64.25% of the company's stock.

Insider Buying and Selling

In other news, Chairman Mark G. Parker sold 169,732 shares of the company's stock in a transaction that occurred on 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 directly owns 896,632 shares of the company's stock, valued at $65,301,708.56. This represents a 15.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John W. Rogers, Jr. purchased 2,500 shares of the company's stock in a transaction that occurred on Friday, December 27th. The stock was bought at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the purchase, the director now directly owns 34,403 shares in the company, valued at $2,636,989.95. This trade represents a 7.84 % increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by insiders.

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NIKE Stock Performance

Shares of NKE stock traded up $0.13 during trading hours on Thursday, hitting $65.87. The company's stock had a trading volume of 16,424,324 shares, compared to its average volume of 12,466,770. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The company has a 50 day moving average of $74.42 and a 200 day moving average of $77.13. NIKE, Inc. has a 12-month low of $64.95 and a 12-month high of $98.04. The stock has a market cap of $97.42 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.26. The company had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The firm's revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period last year, the firm earned $0.98 EPS. On average, sell-side analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a $0.40 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.43%. NIKE's dividend payout ratio is presently 53.16%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NKE. Morgan Stanley reduced their target price on shares of NIKE from $72.00 to $70.00 and set an "equal weight" rating on the stock in a research note on Friday, March 21st. BMO Capital Markets reduced their price objective on shares of NIKE from $95.00 to $92.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Deutsche Bank Aktiengesellschaft dropped their target price on NIKE from $92.00 to $82.00 and set a "buy" rating for the company in a research report on Monday, December 16th. Jefferies Financial Group upgraded NIKE from a "hold" rating to a "buy" rating and increased their price target for the stock from $75.00 to $115.00 in a report on Monday, February 24th. Finally, Evercore ISI decreased their price target on NIKE from $105.00 to $97.00 and set an "outperform" rating for the company in a research note 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, NIKE presently has an average rating of "Moderate Buy" and a consensus target price of $87.38.

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.