NIKE, Inc. (NYSE:NKE) Shares Acquired by MGO One Seven LLC

MGO One Seven LLC increased its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 55.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,027 shares of the footwear maker's stock after acquiring an additional 9,268 shares during the quarter. MGO One Seven LLC's holdings in NIKE were worth $1,969,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Wellington Management Group LLP grew its position in shares of NIKE by 32.4% in the fourth quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker's stock valued at $2,749,903,000 after purchasing an additional 8,898,591 shares in the last quarter. Geode Capital Management LLC grew its holdings in NIKE by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 25,376,558 shares of the footwear maker's stock valued at $1,915,110,000 after buying an additional 347,178 shares in the last quarter. Capital World Investors increased its stake in shares of NIKE by 10.3% in the 4th quarter. Capital World Investors now owns 24,545,937 shares of the footwear maker's stock worth $1,857,389,000 after acquiring an additional 2,288,627 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of 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 worth $1,541,246,000 after acquiring an additional 3,121,929 shares during the period. Finally, Norges Bank acquired a new position in shares of NIKE during the 4th quarter valued at about $1,126,288,000. Hedge funds and other institutional investors own 64.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Jefferies Financial Group raised shares of NIKE from a "hold" rating to a "buy" rating and lifted their target price for the stock from $75.00 to $115.00 in a research note on Monday, February 24th. China Renaissance initiated coverage on shares of NIKE in a research report on Wednesday, March 19th. They set a "hold" rating on the stock. Stifel Nicolaus decreased their price objective on NIKE from $75.00 to $64.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Royal Bank of Canada cut 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. Finally, Williams Trading decreased their price target on NIKE from $93.00 to $73.00 and set a "buy" rating on the stock in a research note on Monday. Sixteen 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's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $83.19.

NIKE Price Performance

Shares of NKE opened at $58.53 on Friday. The firm has a market capitalization of $86.57 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 2.52 and a beta of 1.15. The firm's fifty day simple moving average is $67.15 and its 200-day simple moving average is $73.17. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $98.04. 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 released its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $11.02 billion. During the same period in the prior year, the firm posted $0.98 EPS. The business's quarterly revenue was down 9.1% compared to the same quarter last year. Equities analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.60 annualized dividend and a yield of 2.73%. NIKE's dividend payout ratio is currently 53.16%.

Insiders Place Their Bets

In related news, Director Robert Holmes Swan acquired 8,600 shares of the firm's stock in a transaction on Friday, April 4th. The stock was bought at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the purchase, the director now directly owns 31,983 shares of the company's stock, valued at approximately $1,869,726.18. The trade was a 36.78 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Mark G. Parker sold 169,732 shares of NIKE stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $72.83, for a total value of $12,361,581.56. Following the sale, the chairman now owns 896,632 shares in the company, valued at $65,301,708.56. This trade represents a 15.92 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

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.

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