O Shaughnessy Asset Management LLC Has $6.05 Million Holdings in NIKE, Inc. (NYSE:NKE)

O Shaughnessy Asset Management LLC lifted its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 8.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 79,896 shares of the footwear maker's stock after purchasing an additional 6,530 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in NIKE were worth $6,046,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NKE. Range Financial Group LLC acquired a new position in shares of NIKE during the 4th quarter worth $642,000. Cacti Asset Management LLC acquired a new position in NIKE during the fourth quarter worth about $9,987,000. Capricorn Fund Managers Ltd purchased a new stake in shares of NIKE in the fourth quarter valued at about $5,384,000. Klein Pavlis & Peasley Financial Inc. grew its position in shares of NIKE by 31.1% in the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 25,835 shares of the footwear maker's stock valued at $1,955,000 after purchasing an additional 6,124 shares during the last quarter. Finally, FNY Investment Advisers LLC increased its stake in shares of NIKE by 5,745.9% during the 4th quarter. FNY Investment Advisers LLC now owns 8,652 shares of the footwear maker's stock worth $654,000 after purchasing an additional 8,504 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Price Performance

NIKE stock traded up $0.28 during trading hours on Wednesday, hitting $65.04. 10,774,673 shares of the company traded hands, compared to its average volume of 12,961,350. NIKE, Inc. has a 1-year low of $60.09 and a 1-year high of $98.04. The firm has a market cap of $96.20 billion, a P/E ratio of 20.07, a P/E/G ratio of 2.52 and a beta of 1.02. The firm's 50-day simple moving average is $73.66 and its two-hundred day simple moving average is $76.64. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57.

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NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $11.27 billion for the quarter, compared to analyst estimates of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The business's revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter last year, the business earned $0.98 earnings per share. As a group, analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.46%. NIKE's dividend payout ratio (DPR) is 53.16%.

Insider Activity at NIKE

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the business's stock in a transaction dated 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 sale, the chairman now directly owns 896,632 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Bank of America reduced their target price on NIKE from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, December 20th. Citigroup cut shares of NIKE from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $102.00 to $72.00 in a research note on Friday, February 7th. Guggenheim reissued a "buy" rating and issued a $110.00 price objective on shares of NIKE in a research report on Wednesday, February 12th. Royal Bank of Canada decreased their target price on shares of NIKE from $67.00 to $66.00 and set a "sector perform" rating on the stock in a research report on Friday, March 21st. Finally, Evercore ISI cut their price target on NIKE from $105.00 to $97.00 and set an "outperform" rating for the company in a report on Monday, December 16th. Fifteen investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $87.38.

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.