NIKE, Inc. (NYSE:NKE) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP raised its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 32.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,340,736 shares of the footwear maker's stock after buying an additional 8,898,591 shares during the quarter. Wellington Management Group LLP owned about 2.46% of NIKE worth $2,749,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of NKE. Partners in Financial Planning bought a new stake in NIKE in the 4th quarter valued at $671,000. O Shaughnessy Asset Management LLC grew its position in shares of NIKE by 8.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 79,896 shares of the footwear maker's stock valued at $6,046,000 after purchasing an additional 6,530 shares in the last quarter. Inkwell Capital LLC bought a new stake in shares of NIKE in the fourth quarter worth about $2,588,000. United Bank lifted its position in shares of NIKE by 6.1% in the fourth quarter. United Bank now owns 15,413 shares of the footwear maker's stock worth $1,166,000 after buying an additional 887 shares in the last quarter. Finally, Life Planning Partners Inc purchased a new position in NIKE during the 4th quarter valued at approximately $11,183,000. Institutional investors own 64.25% of the company's stock.

Insiders Place Their Bets

In other news, Chairman Mark G. Parker sold 169,732 shares of the firm's stock in a transaction on Friday, February 14th. The stock was 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 of the company's stock, valued at $65,301,708.56. This trade represents a 15.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.10% of the company's stock.

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Analysts Set New Price Targets

Several brokerages have recently issued reports on NKE. Needham & Company LLC decreased their price objective on NIKE from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Royal Bank of Canada lowered their price objective on shares of NIKE from $67.00 to $66.00 and set a "sector perform" rating for the company in a research report on Friday, March 21st. Robert W. Baird reduced their target price on shares of NIKE from $105.00 to $99.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Deutsche Bank Aktiengesellschaft lowered their price target on shares of NIKE from $92.00 to $82.00 and set a "buy" rating for the company in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. reduced their price objective on NIKE from $73.00 to $64.00 and set a "neutral" rating on the stock in a research note on Friday, March 21st. Fifteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $87.38.

NIKE Stock Up 2.0 %

Shares of NYSE NKE traded up $1.30 during mid-day trading on Tuesday, reaching $64.78. 13,476,963 shares of the company were exchanged, compared to its average volume of 12,950,787. NIKE, Inc. has a 1 year low of $62.65 and a 1 year high of $98.04. The firm has a 50-day moving average of $74.01 and a 200 day moving average of $76.82. The stock has a market cap of $95.81 billion, a price-to-earnings ratio of 19.99, a P/E/G ratio of 2.52 and a beta of 1.02. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE - Get Free Report) last announced 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 the consensus estimate of $11.02 billion. During the same period in the previous year, the company posted $0.98 earnings per share. The firm's revenue was down 9.1% on a year-over-year basis. On average, research analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 annualized dividend and a yield of 2.47%. NIKE's dividend payout ratio (DPR) is 53.16%.

About NIKE

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.