New Age Alpha Advisors LLC Purchases New Holdings in NIKE, Inc. (NYSE:NKE)

New Age Alpha Advisors LLC bought a new position in NIKE, Inc. (NYSE:NKE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 43,844 shares of the footwear maker's stock, valued at approximately $3,318,000.

Several other institutional investors have also recently bought and sold shares of NKE. Norges Bank bought a new position in shares of NIKE during the fourth quarter valued at $1,126,288,000. Pacer Advisors Inc. increased its position in shares of NIKE by 6,029.6% during the 4th quarter. Pacer Advisors Inc. now owns 6,821,270 shares of the footwear maker's stock worth $516,166,000 after purchasing an additional 6,709,985 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in NIKE by 18.1% during the 4th quarter. Bank of New York Mellon Corp now owns 20,367,993 shares of the footwear maker's stock valued at $1,541,246,000 after purchasing an additional 3,121,929 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in NIKE by 358.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,015,267 shares of the footwear maker's stock valued at $228,165,000 after purchasing an additional 2,357,745 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in NIKE in the fourth quarter valued at about $156,438,000. Institutional investors own 64.25% of the company's stock.

Insider Activity at NIKE

In related news, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction dated 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 in the company, valued at approximately $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

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NIKE Trading Up 0.4 %

NKE stock traded up $0.28 during midday trading on Monday, hitting $63.57. 17,383,717 shares of the company's stock were exchanged, compared to its average volume of 12,948,644. NIKE, Inc. has a one year low of $62.41 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 $94.02 billion, a PE ratio of 19.62, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. The stock's fifty day moving average price is $74.16 and its 200-day moving average price is $76.92.

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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.52%. NIKE's payout ratio is 53.16%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NKE. Bank of America cut their target price on shares of NIKE from $95.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, December 20th. Citigroup downgraded NIKE from a "buy" rating to a "neutral" rating and cut their price objective for the company from $102.00 to $72.00 in a research report on Friday, February 7th. Royal Bank of Canada reduced their price objective on NIKE from $67.00 to $66.00 and set a "sector perform" rating on the stock in a research note on Friday, March 21st. Dbs Bank upgraded NIKE from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Finally, Needham & Company LLC reduced their price target on shares of NIKE from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Fifteen 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 MarketBeat.com, NIKE presently has an average rating of "Moderate Buy" and a consensus target price of $87.38.

NIKE 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.