Livforsakringsbolaget Skandia Omsesidigt Has $1.68 Million Stake in NIKE, Inc. (NYSE:NKE)

Livforsakringsbolaget Skandia Omsesidigt boosted its stake in NIKE, Inc. (NYSE:NKE) by 7.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,458 shares of the footwear maker’s stock after buying an additional 1,052 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in NIKE were worth $1,678,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of NKE. Oliver Luxxe Assets LLC boosted its stake in NIKE by 2.9% in the third quarter. Oliver Luxxe Assets LLC now owns 37,510 shares of the footwear maker’s stock worth $3,587,000 after purchasing an additional 1,041 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in NIKE in the fourth quarter worth $8,034,000. Financial Gravity Asset Management Inc. boosted its stake in NIKE by 2,332.5% in the third quarter. Financial Gravity Asset Management Inc. now owns 184,042 shares of the footwear maker’s stock worth $17,598,000 after purchasing an additional 176,476 shares in the last quarter. International Assets Investment Management LLC boosted its stake in NIKE by 10,184.3% in the fourth quarter. International Assets Investment Management LLC now owns 388,131 shares of the footwear maker’s stock worth $42,139,000 after purchasing an additional 384,357 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC boosted its stake in NIKE by 55.6% in the fourth quarter. Franklin Street Advisors Inc. NC now owns 194,164 shares of the footwear maker’s stock worth $21,080,000 after purchasing an additional 69,363 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Price Performance

NYSE:NKE opened at $94.95 on Thursday. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63. The stock’s 50 day moving average price is $98.47 and its two-hundred day moving average price is $103.42. The firm has a market capitalization of $143.31 billion, a price-to-earnings ratio of 27.89, a P/E/G ratio of 1.80 and a beta of 1.08. NIKE, Inc. has a 12-month low of $88.66 and a 12-month high of $128.68.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. The company had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. On average, analysts anticipate that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.48 dividend on an annualized basis and a yield of 1.56%. NIKE’s dividend payout ratio (DPR) is presently 43.53%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NKE. JPMorgan Chase & Co. dropped their target price on NIKE from $139.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, December 22nd. BMO Capital Markets boosted their target price on NIKE from $110.00 to $118.00 and gave the stock an “outperform” rating in a research report on Friday, December 22nd. Royal Bank of Canada restated a “sector perform” rating and set a $100.00 target price (down previously from $110.00) on shares of NIKE in a research report on Friday, March 22nd. Citigroup dropped their target price on NIKE from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, March 14th. Finally, TheStreet downgraded NIKE from a “b” rating to a “c+” rating in a research report on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.