Renaissance Technologies LLC Has $196.90 Million Position in NIKE, Inc. (NYSE:NKE)

Renaissance Technologies LLC increased its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 1,302.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,602,101 shares of the footwear maker's stock after purchasing an additional 2,416,601 shares during the period. Renaissance Technologies LLC owned approximately 0.18% of NIKE worth $196,901,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of NKE. XTX Topco Ltd bought a new stake in NIKE in the third quarter valued at approximately $418,000. Dunhill Financial LLC lifted its position in NIKE by 52.2% during the third quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker's stock valued at $44,000 after buying an additional 169 shares during the period. MML Investors Services LLC boosted its holdings in shares of NIKE by 3.4% during the 3rd quarter. MML Investors Services LLC now owns 167,291 shares of the footwear maker's stock valued at $14,788,000 after buying an additional 5,426 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of NIKE by 4.7% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 460,081 shares of the footwear maker's stock worth $40,671,000 after buying an additional 20,532 shares during the period. Finally, Executive Wealth Management LLC bought a new position in shares of NIKE in the 3rd quarter worth about $1,697,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Robert Holmes Swan acquired 8,600 shares of NIKE stock in a transaction dated Friday, April 4th. The stock was acquired at an average cost of $58.46 per share, with a total value of $502,756.00. Following the purchase, the director now directly owns 31,983 shares in the company, valued at $1,869,726.18. The trade was a 36.78 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction 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 transaction, the chairman now owns 896,632 shares of the company's stock, 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 currently owned by insiders.

NIKE Stock Up 0.1 %

NYSE NKE traded up $0.04 on Friday, hitting $54.44. 22,585,735 shares of the stock traded hands, compared to its average volume of 14,024,007. The company has a market capitalization of $80.52 billion, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 2.52 and a beta of 1.15. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $98.04. The stock has a 50-day moving average of $70.03 and a 200 day moving average of $74.93. 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 issued its quarterly earnings data 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 return on equity of 36.99% and a net margin of 9.98%. The firm had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. During the same period in the prior year, the business earned $0.98 EPS. The firm's revenue was down 9.1% on a year-over-year basis. As a group, analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were issued a dividend of $0.40 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.60 annualized dividend and a yield of 2.94%. NIKE's payout ratio is 53.16%.

Analysts Set New Price Targets

A number of research analysts have issued reports on NKE shares. DA Davidson upgraded NIKE to a "strong-buy" rating in a research note on Monday, December 23rd. Barclays lowered their target price on NIKE from $79.00 to $70.00 and set an "equal weight" rating on the stock in a report on Friday, December 20th. Cfra Research raised NIKE to a "moderate buy" rating in a report on Friday, March 21st. Wells Fargo & Company dropped their price target 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. Finally, Evercore ISI decreased their target price on NIKE from $105.00 to $97.00 and set an "outperform" rating on the stock in a research note on Monday, December 16th. Fifteen equities research 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $86.19.

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.