Moors & Cabot Inc. Purchases 5,662 Shares of NIKE, Inc. (NYSE:NKE)

Moors & Cabot Inc. boosted its position in NIKE, Inc. (NYSE:NKE - Free Report) by 31.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,813 shares of the footwear maker's stock after acquiring an additional 5,662 shares during the quarter. Moors & Cabot Inc.'s holdings in NIKE were worth $1,802,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of NKE. Heck Capital Advisors LLC bought a new position in shares of NIKE during the fourth quarter valued at about $28,000. Caitlin John LLC grew its stake in shares of NIKE by 117.0% during the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock valued at $28,000 after buying an additional 200 shares during the last quarter. Teachers Insurance & Annuity Association of America bought a new position in shares of NIKE during the third quarter valued at about $30,000. Roxbury Financial LLC bought a new position in shares of NIKE during the fourth quarter valued at about $30,000. Finally, BankPlus Trust Department bought a new position in shares of NIKE during the fourth quarter valued at about $34,000. 64.25% of the stock is owned by institutional investors.

NIKE Price Performance

Shares of NKE opened at $73.62 on Thursday. The company has a market capitalization of $108.89 billion, a P/E ratio of 22.72, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. 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 50 day moving average of $74.73 and a 200 day moving average of $77.99. NIKE, Inc. has a twelve month low of $68.62 and a twelve month high of $102.49.

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NIKE (NYSE:NKE - Get Free Report) last posted its earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The business had revenue of $12.35 billion during the quarter, compared to the consensus estimate of $12.11 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The firm's revenue was down 7.7% on a year-over-year basis. As a group, equities research analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE's dividend payout ratio (DPR) is presently 49.38%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NKE. Wells Fargo & Company reduced their price objective on NIKE from $95.00 to $92.00 and set an "overweight" rating on the stock in a research note on Monday, December 16th. Telsey Advisory Group reissued a "market perform" rating and issued a $80.00 target price on shares of NIKE in a research note on Wednesday, February 19th. Jefferies Financial Group raised NIKE from a "hold" rating to a "buy" rating and raised their target price for the stock from $75.00 to $115.00 in a research note on Monday, February 24th. Dbs Bank raised NIKE from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Finally, BMO Capital Markets raised their price objective on shares of NIKE from $92.00 to $95.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Fourteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $89.77.

Insiders Place Their Bets

In other NIKE news, 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 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John W. Rogers, Jr. bought 2,500 shares of the business's stock in a transaction on Friday, December 27th. The stock was bought at an average cost of $76.65 per share, with a total value of $191,625.00. Following the transaction, the director now 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.

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.

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