Virtu Financial LLC Makes New $5.64 Million Investment in NIKE, Inc. (NYSE:NKE)

Virtu Financial LLC purchased a new position in NIKE, Inc. (NYSE:NKE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 74,570 shares of the footwear maker's stock, valued at approximately $5,643,000.

A number of other large investors have also made changes to their positions in the business. Pacer Advisors Inc. grew its stake in NIKE by 6,029.6% during the 4th quarter. Pacer Advisors Inc. now owns 6,821,270 shares of the footwear maker's stock worth $516,166,000 after buying an additional 6,709,985 shares during the last quarter. Loomis Sayles & Co. L P grew its stake in shares of NIKE by 1,209,638.7% during the third quarter. Loomis Sayles & Co. L P now owns 6,508,394 shares of the footwear maker's stock worth $575,342,000 after acquiring an additional 6,507,856 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of NIKE by 18.1% during the fourth quarter. Bank of New York Mellon Corp now owns 20,367,993 shares of the footwear maker's stock valued at $1,541,246,000 after acquiring an additional 3,121,929 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of NIKE by 358.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 3,015,267 shares of the footwear maker's stock valued at $228,165,000 after purchasing an additional 2,357,745 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in NIKE in the 4th quarter worth approximately $156,438,000. 64.25% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NIKE

In related news, Chairman Mark G. Parker sold 169,732 shares of NIKE stock in a transaction that occurred on 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 transaction, the chairman now owns 896,632 shares in the company, valued at approximately $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John W. Rogers, Jr. purchased 2,500 shares of NIKE stock in a transaction dated Friday, December 27th. The shares were bought at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the acquisition, 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 disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company's stock.

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NIKE Price Performance

NYSE NKE traded down $0.79 on Wednesday, hitting $65.76. The company had a trading volume of 18,682,768 shares, compared to its average volume of 12,438,915. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The company's fifty day moving average price is $74.52 and its 200-day moving average price is $77.21. The company has a market capitalization of $97.26 billion, a PE ratio of 20.29, a PEG ratio of 2.52 and a beta of 1.02. NIKE, Inc. has a 12-month low of $64.96 and a 12-month high of $98.04.

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 business had revenue of $11.27 billion during the quarter, compared to analysts' expectations of $11.02 billion. During the same quarter in the previous year, the company earned $0.98 earnings per share. The company's quarterly revenue was down 9.1% on a year-over-year basis. As a group, analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Cfra Research raised shares of NIKE to a "moderate buy" rating in a report on Friday, March 21st. Needham & Company LLC lowered their price target on NIKE from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Monday, March 17th. DA Davidson raised NIKE to a "strong-buy" rating in a report on Monday, December 23rd. Bank of America decreased their target price on NIKE from $95.00 to $90.00 and set a "buy" rating for the company in a report on Friday, December 20th. Finally, UBS Group cut their price target on shares of NIKE from $73.00 to $66.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Fifteen investment 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 company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price 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.