NIKE, Inc. (NYSE:NKE) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC increased its stake in NIKE, Inc. (NYSE:NKE) by 2.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 9,887,769 shares of the footwear maker’s stock after buying an additional 219,091 shares during the quarter. Fisher Asset Management LLC’s holdings in NIKE were worth $1,073,515,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. FMR LLC raised its holdings in NIKE by 0.7% during the 3rd quarter. FMR LLC now owns 18,502,409 shares of the footwear maker’s stock worth $1,769,200,000 after buying an additional 125,746 shares during the period. Northern Trust Corp increased its holdings in shares of NIKE by 4.5% in the 3rd quarter. Northern Trust Corp now owns 15,557,676 shares of the footwear maker’s stock valued at $1,487,625,000 after purchasing an additional 674,198 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of NIKE by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,200,932 shares of the footwear maker’s stock worth $766,829,000 after purchasing an additional 89,947 shares in the last quarter. Newport Trust Company LLC purchased a new stake in shares of NIKE in the third quarter worth approximately $679,775,000. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of NIKE by 37.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,791,531 shares of the footwear maker’s stock worth $553,786,000 after purchasing an additional 1,583,541 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on NKE shares. Stifel Nicolaus reduced their price target on shares of NIKE from $129.00 to $117.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Williams Trading reissued a “sell” rating and issued a $85.00 price target (down from $92.00) on shares of NIKE in a research report on Monday, March 18th. Telsey Advisory Group reduced their price target on shares of NIKE from $140.00 to $120.00 and set an “outperform” rating for the company in a research report on Monday, March 18th. Barclays reduced their price target on shares of NIKE from $142.00 to $114.00 and set an “overweight” rating for the company in a research report on Monday, March 25th. Finally, Morgan Stanley dropped their price objective on NIKE from $124.00 to $116.00 and set an “overweight” rating on the stock in a report on Wednesday, March 27th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $116.26.

NIKE Stock Performance

Shares of NIKE stock traded up $1.41 during midday trading on Thursday, hitting $91.75. The company had a trading volume of 2,601,518 shares, compared to its average volume of 9,261,388. The business’s 50 day simple moving average is $96.25 and its two-hundred day simple moving average is $103.19. The stock has a market cap of $138.48 billion, a PE ratio of 26.91, a P/E/G ratio of 1.78 and a beta of 1.07. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89. NIKE, Inc. has a 1-year low of $88.66 and a 1-year high of $128.38.

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

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.48 annualized dividend and a yield of 1.61%. NIKE’s dividend payout ratio (DPR) is currently 43.53%.

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.