Mariner LLC Has $28.97 Million Position in NIKE, Inc. (NYSE:NKE)

Mariner LLC lessened its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 382,796 shares of the footwear maker's stock after selling 17,053 shares during the period. Mariner LLC's holdings in NIKE were worth $28,966,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NKE. Tidal Investments LLC increased its position in NIKE by 65.4% during the third quarter. Tidal Investments LLC now owns 105,571 shares of the footwear maker's stock worth $9,332,000 after buying an additional 41,752 shares in the last quarter. Denver PWM LLC lifted its holdings in shares of NIKE by 9.7% during the 3rd quarter. Denver PWM LLC now owns 2,574 shares of the footwear maker's stock valued at $228,000 after acquiring an additional 227 shares in the last quarter. Confluence Investment Management LLC boosted its position in NIKE by 6.3% during the 4th quarter. Confluence Investment Management LLC now owns 246,080 shares of the footwear maker's stock worth $18,621,000 after purchasing an additional 14,592 shares during the period. Cacti Asset Management LLC acquired a new stake in NIKE in the 4th quarter valued at $9,987,000. Finally, GAMMA Investing LLC raised its position in NIKE by 1.0% in the fourth quarter. GAMMA Investing LLC now owns 15,014 shares of the footwear maker's stock valued at $1,136,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 64.25% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on NKE. Royal Bank of Canada lowered their target price on NIKE from $67.00 to $66.00 and set a "sector perform" rating for the company in a research note on Friday, March 21st. China Renaissance initiated coverage on NIKE in a report on Wednesday, March 19th. They issued a "hold" rating for the company. Robert W. Baird dropped their price objective on NIKE from $105.00 to $99.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Wells Fargo & Company decreased their target price on NIKE from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Friday, March 21st. Finally, Jefferies Financial Group raised shares of NIKE from a "hold" rating to a "buy" rating and increased their target price for the stock from $75.00 to $115.00 in a report on Monday, February 24th. Sixteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $85.15.

Insider Activity at NIKE

In related news, 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 approximately $65,301,708.56. The trade was a 15.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert Holmes Swan bought 8,600 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The shares were purchased at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the transaction, the director now owns 31,983 shares of the company's stock, valued at $1,869,726.18. This represents a 36.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is owned by company insiders.

NIKE Trading Up 4.1 %

NIKE stock traded up $2.18 during midday trading on Friday, reaching $55.73. The stock had a trading volume of 18,891,139 shares, compared to its average volume of 14,180,177. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $98.04. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The firm has a market cap of $82.44 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 2.52 and a beta of 1.15. The firm's fifty day simple moving average is $68.71 and its two-hundred day simple moving average is $74.09.

NIKE (NYSE:NKE - Get Free Report) last issued its 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. The firm 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 business's quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 earnings per share. Equities analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were issued a dividend of $0.40 per share. 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 currently 53.16%.

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.