Quinn Opportunity Partners LLC Acquires Shares of 24,000 NIKE, Inc. (NYSE:NKE)

Quinn Opportunity Partners LLC purchased a new stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 24,000 shares of the footwear maker's stock, valued at approximately $1,816,000.

Other large investors have also recently modified their holdings of the company. Caitlin John LLC lifted its holdings in NIKE by 117.0% in the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock valued at $28,000 after acquiring an additional 200 shares during the period. Heck Capital Advisors LLC purchased a new stake in shares of NIKE during the 4th quarter valued at about $28,000. Roxbury Financial LLC bought a new position in shares of NIKE in the 4th quarter worth approximately $30,000. LFA Lugano Financial Advisors SA boosted its holdings in shares of NIKE by 110.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock worth $30,000 after buying an additional 210 shares during the last quarter. Finally, Hopwood Financial Services Inc. bought a new stake in shares of NIKE during the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 64.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Morgan Stanley lowered their price objective on NIKE from $72.00 to $70.00 and set an "equal weight" rating on the stock in a research report on Friday, March 21st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of NIKE from $92.00 to $82.00 and set a "buy" rating for the company in a research note on Monday, December 16th. Jefferies Financial Group upgraded shares of NIKE from a "hold" rating to a "buy" rating and lifted their target price for the company from $75.00 to $115.00 in a research note on Monday, February 24th. China Renaissance initiated coverage on NIKE in a research note on Wednesday, March 19th. They issued a "hold" rating for the company. Finally, Guggenheim restated a "buy" rating and issued a $110.00 price objective on shares of NIKE in a research report on Wednesday, February 12th. Fifteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, NIKE currently has an average rating of "Moderate Buy" and a consensus price target of $86.19.

Remove Ads

NIKE Stock Up 1.8 %

NKE stock traded up $0.98 on Monday, hitting $55.37. 28,325,386 shares of the company's stock were exchanged, compared to its average volume of 14,093,487. The firm has a 50 day moving average price of $70.03 and a two-hundred day moving average price of $74.83. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $98.04. The stock has a market cap of $81.90 billion, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 2.52 and a beta of 1.15.

NIKE (NYSE:NKE - Get Free Report) last released its earnings results on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.26. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company had revenue of $11.27 billion during the quarter, compared to analysts' expectations of $11.02 billion. During the same period last year, the business earned $0.98 EPS. NIKE's revenue for the quarter was down 9.1% on a year-over-year basis. As a group, equities research analysts expect that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.89%. The ex-dividend date was Monday, March 3rd. NIKE's payout ratio is 53.16%.

Insider Buying and Selling

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

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.