Stevens Capital Management LP Acquires Shares of 49,090 NIKE, Inc. (NYSE:NKE)

Stevens Capital Management LP acquired a new stake in shares of NIKE, Inc. (NYSE:NKE) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 49,090 shares of the footwear maker’s stock, valued at approximately $5,330,000. NIKE accounts for 1.3% of Stevens Capital Management LP’s portfolio, making the stock its 11th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of NKE. Newport Trust Company LLC acquired a new position in shares of NIKE in the 3rd quarter valued at $679,775,000. Flossbach Von Storch AG lifted its stake in shares of NIKE by 433.5% in the 3rd quarter. Flossbach Von Storch AG now owns 4,128,587 shares of the footwear maker’s stock valued at $394,775,000 after purchasing an additional 3,354,677 shares during the period. Van ECK Associates Corp lifted its stake in shares of NIKE by 117.0% in the 3rd quarter. Van ECK Associates Corp now owns 2,986,441 shares of the footwear maker’s stock valued at $285,564,000 after purchasing an additional 1,610,273 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of NIKE by 37.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,791,531 shares of the footwear maker’s stock valued at $553,786,000 after purchasing an additional 1,583,541 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new position in shares of NIKE in the 3rd quarter valued at $97,724,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Stock Up 0.2 %

NIKE stock traded up $0.18 during mid-day trading on Friday, hitting $94.12. The company had a trading volume of 6,110,023 shares, compared to its average volume of 9,428,839. The stock has a market cap of $142.06 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 1.83 and a beta of 1.08. NIKE, Inc. has a 1 year low of $88.66 and a 1 year high of $128.68. 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 business has a fifty day moving average of $97.15 and a 200 day moving average of $103.32.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, beating the consensus estimate 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 net margin of 10.14% and a return on equity of 39.41%. On average, sell-side analysts expect that NIKE, Inc. will post 3.73 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were given a dividend of $0.37 per share. The ex-dividend date was Friday, March 1st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.57%. NIKE’s dividend payout ratio (DPR) is presently 43.53%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Stifel Nicolaus reduced their price objective 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. Barclays reduced their price objective 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. The Goldman Sachs Group reduced their price objective on shares of NIKE from $135.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. UBS Group reduced their price objective on shares of NIKE from $138.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $100.00 target price (down previously from $110.00) on shares of NIKE in a report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $116.26.

About NIKE

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.