NIKE, Inc. (NYSE:NKE) Shares Acquired by Interchange Capital Partners LLC

Interchange Capital Partners LLC increased its position in shares of NIKE, Inc. (NYSE:NKE) by 9.3% during the fourth quarter, Holdings Channel reports. The fund owned 3,656 shares of the footwear maker’s stock after acquiring an additional 310 shares during the quarter. Interchange Capital Partners LLC’s holdings in NIKE were worth $277,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Range Financial Group LLC acquired a new stake in shares of NIKE during the fourth quarter worth $642,000. Cacti Asset Management LLC acquired a new stake in NIKE in the 4th quarter worth about $9,987,000. Capricorn Fund Managers Ltd purchased a new stake in NIKE in the 4th quarter valued at about $5,384,000. Klein Pavlis & Peasley Financial Inc. increased its stake in shares of NIKE by 31.1% during the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 25,835 shares of the footwear maker’s stock valued at $1,955,000 after acquiring an additional 6,124 shares during the last quarter. Finally, FNY Investment Advisers LLC lifted its holdings in shares of NIKE by 5,745.9% during the 4th quarter. FNY Investment Advisers LLC now owns 8,652 shares of the footwear maker’s stock worth $654,000 after acquiring an additional 8,504 shares during the period. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NIKE news, Director John W. Rogers, Jr. acquired 2,500 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The shares were purchased at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the purchase, the director now directly owns 34,403 shares in the company, valued at $2,636,989.95. The trade was a 7.84 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 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 approximately $65,301,708.56. The trade was 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 corporate insiders.

NIKE Stock Down 0.7 %

NYSE:NKE opened at $67.45 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The company has a market capitalization of $99.76 billion, a price-to-earnings ratio of 20.82, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. NIKE, Inc. has a one year low of $65.17 and a one year high of $98.04. The stock has a 50-day simple moving average of $74.61 and a 200 day simple moving average of $77.31.

NIKE (NYSE:NKE) last issued its earnings results on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.28 by $0.26. The company had revenue of $11.27 billion during the quarter, compared to analyst estimates of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business’s revenue was down 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS. Sell-side analysts predict that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.37%. NIKE’s dividend payout ratio (DPR) is 53.16%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus lowered 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. Royal Bank of Canada dropped their price objective on NIKE from $67.00 to $66.00 and set a “sector perform” rating for the company in a report on Friday. Wells Fargo & Company reduced their target price on NIKE from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday. JPMorgan Chase & Co. dropped their price target on NIKE from $73.00 to $64.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Robert W. Baird decreased their target price on NIKE from $105.00 to $99.00 and set an “outperform” rating for the company in a report on Friday. Fifteen 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $87.38.

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.