NIKE, Inc. (NYSE:NKE) Shares Bought by Metis Global Partners LLC

Metis Global Partners LLC boosted its stake in shares of NIKE, Inc. (NYSE:NKE) by 15.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 59,830 shares of the footwear maker’s stock after buying an additional 7,915 shares during the period. Metis Global Partners LLC’s holdings in NIKE were worth $6,496,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Concord Wealth Partners raised its position in NIKE by 900.0% in the third quarter. Concord Wealth Partners now owns 1,690 shares of the footwear maker’s stock valued at $162,000 after purchasing an additional 1,521 shares during the period. Vision Capital Management Inc. raised its position in NIKE by 1.6% in the third quarter. Vision Capital Management Inc. now owns 83,241 shares of the footwear maker’s stock valued at $7,960,000 after purchasing an additional 1,322 shares during the period. Verdence Capital Advisors LLC raised its position in NIKE by 15.0% in the third quarter. Verdence Capital Advisors LLC now owns 4,028 shares of the footwear maker’s stock valued at $385,000 after purchasing an additional 525 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in NIKE by 3.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 524,548 shares of the footwear maker’s stock valued at $50,157,000 after purchasing an additional 17,322 shares during the period. Finally, BluePath Capital Management LLC purchased a new stake in NIKE in the third quarter valued at $130,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Stock Performance

Shares of NYSE NKE traded down $0.26 during trading hours on Friday, reaching $92.15. The stock had a trading volume of 5,736,711 shares, compared to its average volume of 8,740,078. The firm has a market cap of $139.09 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 1.78 and a beta of 1.07. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. NIKE, Inc. has a fifty-two week low of $88.66 and a fifty-two week high of $127.69. The firm has a 50-day moving average of $95.73 and a 200-day moving average of $103.04.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, beating the consensus estimate of $0.69 by $0.29. The firm had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. Equities research analysts predict that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.61%. The ex-dividend date is Monday, June 3rd. NIKE’s dividend payout ratio is presently 43.53%.

Analysts Set New Price Targets

A number of equities research analysts have commented on NKE shares. Morgan Stanley reduced their target price on NIKE from $124.00 to $116.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 27th. Wells Fargo & Company reduced their target price on NIKE from $125.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, March 22nd. Stifel Nicolaus cut their price objective on NIKE from $129.00 to $117.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. The Goldman Sachs Group cut their price objective on NIKE from $135.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Finally, Bank of America upgraded NIKE from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $110.00 to $113.00 in a report on Thursday, April 11th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, NIKE currently has an average rating of “Moderate Buy” and a consensus price target of $116.26.

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.