Stevens Capital Management LP Acquires New Position in NIKE, Inc. (NYSE:NKE)

Stevens Capital Management LP bought a new stake in NIKE, Inc. (NYSE:NKE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 31,094 shares of the footwear maker's stock, valued at approximately $2,353,000. NIKE accounts for 0.9% of Stevens Capital Management LP's investment portfolio, making the stock its 15th biggest holding.

Other hedge funds also recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new position in shares of NIKE during the fourth quarter valued at approximately $28,000. Caitlin John LLC increased its position in NIKE by 117.0% during the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock valued at $28,000 after buying an additional 200 shares in the last quarter. Teachers Insurance & Annuity Association of America purchased a new position in NIKE during the third quarter valued at $30,000. Roxbury Financial LLC bought a new stake in NIKE in the fourth quarter worth $30,000. Finally, LFA Lugano Financial Advisors SA grew its stake 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 acquiring an additional 210 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NKE shares. DA Davidson raised NIKE to a "strong-buy" rating in a research report on Monday, December 23rd. Stifel Nicolaus decreased their target price on shares of NIKE from $79.00 to $75.00 and set a "hold" rating for the company in a report on Friday, December 20th. Telsey Advisory Group reiterated a "market perform" rating and set a $80.00 price target on shares of NIKE in a report on Monday, March 17th. UBS Group decreased their price objective on shares of NIKE from $73.00 to $66.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Finally, Barclays lowered their price objective on NIKE from $79.00 to $70.00 and set an "equal weight" rating on the stock in a research report on Friday, December 20th. Fifteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, NIKE has an average rating of "Moderate Buy" and a consensus price target of $87.38.

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NIKE Price Performance

Shares of NKE traded up $0.13 during trading hours on Thursday, reaching $65.87. 16,424,324 shares of the stock traded hands, compared to its average volume of 12,466,770. The company has a market cap of $97.42 billion, a P/E ratio of 20.33, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The company's 50-day moving average price is $74.31 and its two-hundred day moving average price is $77.05. NIKE, Inc. has a 52-week low of $64.95 and a 52-week high of $98.04.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.26. The business 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 company's revenue was down 9.1% on a year-over-year basis. During the same period last year, the firm posted $0.98 EPS. On average, analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.43%. NIKE's dividend payout ratio (DPR) is 53.16%.

Insider Buying and Selling

In other news, Director John W. Rogers, Jr. purchased 2,500 shares of the company's stock in a transaction that occurred on Friday, December 27th. The stock was purchased at an average cost of $76.65 per share, with a total value of $191,625.00. Following the purchase, the director now owns 34,403 shares in the company, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction dated 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 completion of the sale, the chairman now directly owns 896,632 shares in the company, valued at $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is 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.