40,564 Shares in NIKE, Inc. (NYSE:NKE) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new position in shares of NIKE, Inc. (NYSE:NKE) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 40,564 shares of the footwear maker’s stock, valued at approximately $4,404,000. NIKE makes up 0.5% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 14th largest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of NKE. Allworth Financial LP lifted its stake in NIKE by 13.3% during the third quarter. Allworth Financial LP now owns 6,128 shares of the footwear maker’s stock worth $586,000 after purchasing an additional 719 shares during the last quarter. Csenge Advisory Group boosted its holdings in shares of NIKE by 31.8% in the 3rd quarter. Csenge Advisory Group now owns 4,454 shares of the footwear maker’s stock valued at $426,000 after buying an additional 1,074 shares during the period. Albion Financial Group UT grew its position in shares of NIKE by 3.1% during the 3rd quarter. Albion Financial Group UT now owns 5,103 shares of the footwear maker’s stock valued at $488,000 after buying an additional 155 shares during the last quarter. WealthPlan Investment Management LLC raised its stake in NIKE by 4,687.4% during the third quarter. WealthPlan Investment Management LLC now owns 55,294 shares of the footwear maker’s stock worth $5,287,000 after acquiring an additional 54,139 shares during the period. Finally, Olympiad Research LP bought a new position in NIKE in the third quarter worth about $205,000. Institutional investors own 64.25% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Monique S. Matheson sold 45,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $94.16, for a total transaction of $4,237,200.00. Following the completion of the sale, the executive vice president now owns 44,997 shares in the company, valued at approximately $4,236,917.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Monique S. Matheson sold 45,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $94.16, for a total value of $4,237,200.00. Following the transaction, the executive vice president now directly owns 44,997 shares in the company, valued at approximately $4,236,917.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Mark G. Parker sold 168,378 shares of NIKE stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $93.14, for a total transaction of $15,682,726.92. Following the completion of the transaction, the chairman now owns 1,102,090 shares in the company, valued at approximately $102,648,662.60. The disclosure for this sale can be found here. Insiders have sold 213,660 shares of company stock valued at $19,946,333 over the last three months. 0.50% of the stock is currently owned by insiders.

NIKE Stock Up 0.2 %

Shares of NKE stock traded up $0.14 on Monday, reaching $92.32. 1,473,770 shares of the company’s stock traded hands, compared to its average volume of 9,200,149. NIKE, Inc. has a 12-month low of $88.66 and a 12-month high of $123.39. The company has a market capitalization of $139.34 billion, a P/E ratio of 27.11, a price-to-earnings-growth ratio of 1.78 and a beta of 1.07. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74. The business’s 50 day moving average price is $94.00 and its two-hundred day moving average price is $102.37.

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

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.60%. The ex-dividend date is Monday, June 3rd. NIKE’s payout ratio is 43.53%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. HSBC dropped their price target on NIKE from $120.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, January 22nd. Bank of America upgraded NIKE from a “neutral” rating to a “buy” rating and raised their target price for the company from $110.00 to $113.00 in a research note on Thursday, April 11th. Evercore ISI lowered their price target on shares of NIKE from $127.00 to $117.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. Citigroup cut their price objective on shares of NIKE from $135.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, March 14th. Finally, Sanford C. Bernstein decreased their target price on shares of NIKE from $134.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.