Teachers Retirement System of The State of Kentucky Has $20.50 Million Stock Position in NIKE, Inc. (NYSE:NKE)

Teachers Retirement System of The State of Kentucky grew its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 270,939 shares of the footwear maker's stock after buying an additional 5,490 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in NIKE were worth $20,502,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Heck Capital Advisors LLC acquired a new position in NIKE in the fourth quarter worth about $28,000. Caitlin John LLC raised its holdings in shares of NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock worth $28,000 after buying an additional 200 shares in the last quarter. Roxbury Financial LLC acquired a new position in shares of NIKE in the 4th quarter worth approximately $30,000. LFA Lugano Financial Advisors SA boosted its stake in NIKE by 110.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock valued at $30,000 after buying an additional 210 shares in the last quarter. Finally, Hopwood Financial Services Inc. acquired a new stake in NIKE in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 64.25% of the company's stock.

NIKE Trading Up 0.6 %

NYSE NKE traded up $0.34 during trading on Wednesday, reaching $57.40. 21,602,811 shares of the stock traded hands, compared to its average volume of 14,313,908. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $98.04. 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 market cap of $84.90 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 2.52 and a beta of 1.15. The stock's 50-day moving average price is $67.75 and its 200 day moving average price is $73.44.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.26. The company had revenue of $11.27 billion during 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 firm's revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 EPS. Analysts predict that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend was Monday, March 3rd. NIKE's dividend payout ratio is currently 53.16%.

Insider Activity at NIKE

In other news, Director Robert Holmes Swan bought 8,600 shares of the company's stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average price of $58.46 per share, with a total value of $502,756.00. Following the transaction, the director now owns 31,983 shares in the company, valued at $1,869,726.18. This represents a 36.78 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Mark G. Parker sold 169,732 shares of the business's 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 in the company, valued at $65,301,708.56. The trade was a 15.92 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NKE. Wells Fargo & Company dropped their target price on shares of NIKE from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Friday, March 21st. Morgan Stanley cut their target price on shares of NIKE from $72.00 to $70.00 and set an "equal weight" rating for the company in a research note on Friday, March 21st. BMO Capital Markets decreased their price target on NIKE from $95.00 to $92.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Dbs Bank raised NIKE from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada lowered 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. Sixteen investment 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $83.19.

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.