OMERS ADMINISTRATION Corp Grows Stake in NIKE, Inc. $NKE

OMERS ADMINISTRATION Corp grew its holdings in NIKE, Inc. (NYSE:NKE) by 77.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,526,179 shares of the footwear maker’s stock after acquiring an additional 1,106,499 shares during the period. NIKE accounts for approximately 1.1% of OMERS ADMINISTRATION Corp’s investment portfolio, making the stock its 29th biggest holding. OMERS ADMINISTRATION Corp’s holdings in NIKE were worth $160,943,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Westerkirk Capital Inc. raised its position in shares of NIKE by 52.4% in the 4th quarter. Westerkirk Capital Inc. now owns 131,220 shares of the footwear maker’s stock worth $8,360,000 after acquiring an additional 45,100 shares in the last quarter. Mizuho Markets Cayman LP bought a new position in shares of NIKE in the 3rd quarter worth approximately $34,200,000. PFA Pension Forsikringsaktieselskab bought a new position in shares of NIKE in the 4th quarter worth approximately $43,188,000. Strive Asset Management LLC bought a new position in shares of NIKE in the 3rd quarter worth approximately $1,743,000. Finally, Nicholas Company Inc. raised its position in shares of NIKE by 33.3% in the 4th quarter. Nicholas Company Inc. now owns 123,652 shares of the footwear maker’s stock worth $7,878,000 after acquiring an additional 30,890 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Stock Up 0.6%

NIKE stock opened at $45.20 on Tuesday. The firm has a market cap of $66.94 billion, a price-to-earnings ratio of 29.94, a PEG ratio of 1.95 and a beta of 1.12. The stock has a fifty day simple moving average of $44.28 and a two-hundred day simple moving average of $55.27. NIKE, Inc. has a 12 month low of $41.35 and a 12 month high of $80.17. The company has a current ratio of 2.14, a quick ratio of 1.45 and a debt-to-equity ratio of 0.50.

NIKE (NYSE:NKE) last posted its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.06. The business had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.23 billion. NIKE had a return on equity of 16.41% and a net margin of 4.84%.The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 EPS. Equities analysts predict that NIKE, Inc. will post 1.49 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be issued a $0.41 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.6%. NIKE’s dividend payout ratio (DPR) is presently 108.61%.

Insiders Place Their Bets

In other NIKE news, Director Timothy D. Cook bought 25,000 shares of NIKE stock in a transaction on Friday, April 10th. The stock was acquired at an average price of $42.43 per share, with a total value of $1,060,750.00. Following the acquisition, the director owned 130,480 shares in the company, valued at approximately $5,536,266.40. This trade represents a 23.70% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Holmes Swan bought 11,781 shares of NIKE stock in a transaction on Tuesday, April 7th. The stock was acquired at an average cost of $42.44 per share, with a total value of $499,985.64. Following the acquisition, the director owned 55,074 shares in the company, valued at approximately $2,337,340.56. This represents a 27.21% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have purchased 64,441 shares of company stock worth $2,734,204. 0.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NKE. Telsey Advisory Group decreased their target price on NIKE from $65.00 to $55.00 and set a “market perform” rating for the company in a research report on Wednesday, April 1st. BTIG Research decreased their target price on NIKE from $90.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. China Renaissance decreased their target price on NIKE from $74.60 to $50.30 and set a “hold” rating for the company in a research report on Thursday, April 2nd. Evercore decreased their target price on NIKE from $69.00 to $57.00 and set an “outperform” rating for the company in a research report on Wednesday, April 1st. Finally, CICC Research lowered NIKE from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $69.00 to $58.00 in a research report on Monday, April 6th. Fifteen equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, NIKE currently has a consensus rating of “Hold” and a consensus price target of $60.89.

NIKE Company Profile

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).