Nomura Asset Management Co. Ltd. Raises Stake in NIKE, Inc. (NYSE:NKE)

Nomura Asset Management Co. Ltd. boosted its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 19.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 548,341 shares of the footwear maker's stock after acquiring an additional 88,260 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in NIKE were worth $41,493,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new position in shares of NIKE in the 4th quarter valued at approximately $28,000. Caitlin John LLC increased its stake in shares of NIKE by 117.0% in the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock worth $28,000 after acquiring an additional 200 shares during the period. Roxbury Financial LLC purchased a new position in shares of NIKE during the fourth quarter worth $30,000. LFA Lugano Financial Advisors SA lifted its position in NIKE by 110.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock valued at $30,000 after purchasing an additional 210 shares during the period. Finally, Hopwood Financial Services Inc. purchased a new stake in NIKE in the fourth quarter valued at $30,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Trading Up 0.5 %

Shares of NKE stock traded up $0.33 during trading hours on Monday, hitting $63.62. The company had a trading volume of 10,333,035 shares, compared to its average volume of 12,922,080. 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 stock has a market capitalization of $94.11 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. The company's fifty day moving average is $74.16 and its 200 day moving average is $76.92. NIKE, Inc. has a fifty-two week low of $62.41 and a fifty-two week high of $98.04.

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NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 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 analyst estimates of $11.02 billion. The company's quarterly revenue was down 9.1% on a year-over-year basis. During the same period last year, the business posted $0.98 earnings per share. Research analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be paid 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 yield of 2.51%. NIKE's dividend payout ratio (DPR) is presently 53.16%.

Insider Transactions at NIKE

In other news, Chairman Mark G. Parker sold 169,732 shares of the company's stock in a transaction 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 sale, the chairman now owns 896,632 shares of the company's stock, valued at approximately $65,301,708.56. This represents a 15.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NKE. Stifel Nicolaus reduced their price objective on NIKE from $79.00 to $75.00 and set a "hold" rating for the company in a research note on Friday, December 20th. DA Davidson raised NIKE to a "strong-buy" rating in a report on Monday, December 23rd. Morgan Stanley dropped their price objective 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. JPMorgan Chase & Co. decreased their target price on shares of NIKE from $73.00 to $64.00 and set a "neutral" rating for the company in a research note on Friday, March 21st. Finally, Needham & Company LLC dropped 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 investment 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 stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target 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.