NIKE, Inc. (NYSE:NKE) Shares Purchased by Gordian Capital Singapore Pte Ltd

Gordian Capital Singapore Pte Ltd grew its holdings in shares of NIKE, Inc. (NYSE:NKE) by 14.6% during the fourth quarter, Holdings Channel reports. The firm owned 23,481 shares of the footwear maker’s stock after acquiring an additional 3,000 shares during the quarter. NIKE comprises 0.9% of Gordian Capital Singapore Pte Ltd’s portfolio, making the stock its 26th largest holding. Gordian Capital Singapore Pte Ltd’s holdings in NIKE were worth $1,777,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Norges Bank acquired a new stake in NIKE during the fourth quarter worth about $1,126,288,000. Wellington Management Group LLP grew its holdings in shares of NIKE by 32.4% during the fourth quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker’s stock valued at $2,749,903,000 after purchasing an additional 8,898,591 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of NIKE by 6,029.6% during the fourth quarter. Pacer Advisors Inc. now owns 6,821,270 shares of the footwear maker’s stock valued at $516,166,000 after purchasing an additional 6,709,985 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of NIKE by 18.1% during the 4th quarter. Bank of New York Mellon Corp now owns 20,367,993 shares of the footwear maker’s stock worth $1,541,246,000 after purchasing an additional 3,121,929 shares during the period. Finally, Renaissance Technologies LLC increased its position in NIKE by 1,302.7% in the 4th quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker’s stock valued at $196,901,000 after acquiring an additional 2,416,601 shares during the period. 64.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NKE has been the subject of several research analyst reports. Needham & Company LLC reduced their price objective on shares of NIKE from $84.00 to $80.00 and set a “buy” rating for the company in a report on Monday, March 17th. Barclays reduced their price target on shares of NIKE from $70.00 to $60.00 and set an “equal weight” rating for the company in a research note on Monday, May 12th. Dbs Bank upgraded shares of NIKE from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Jefferies Financial Group upgraded shares of NIKE from a “hold” rating to a “buy” rating and raised their price objective for the company from $75.00 to $115.00 in a research note on Monday, February 24th. Finally, Cfra Research upgraded NIKE to a “moderate buy” rating in a research report on Friday, March 21st. Seventeen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.26.

NIKE Price Performance

Shares of NYSE:NKE opened at $59.96 on Thursday. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $98.04. The business has a fifty day simple moving average of $60.40 and a 200 day simple moving average of $70.42. The firm has a market cap of $88.68 billion, a price-to-earnings ratio of 18.50, a P/E/G ratio of 2.52 and a beta of 1.23.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.26. The firm had revenue of $11.27 billion for the quarter, compared to analyst estimates of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 earnings per share. As a group, sell-side analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Monday, June 2nd. NIKE’s dividend payout ratio is presently 53.16%.

Insiders Place Their Bets

In related news, Director Robert Holmes Swan purchased 8,600 shares of the firm’s stock in a transaction dated Friday, April 4th. The stock was bought at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the purchase, the director now owns 31,983 shares in the company, valued at $1,869,726.18. The trade was a 36.78% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.

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.