Strs Ohio boosted its holdings in shares of Nike Inc (NYSE:NKE) by 2.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,255,486 shares of the footwear maker’s stock after acquiring an additional 31,694 shares during the quarter. Strs Ohio’s holdings in Nike were worth $127,193,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of NKE. Garrett Wealth Advisory Group LLC purchased a new stake in Nike during the 3rd quarter valued at about $26,000. Marquette Asset Management LLC acquired a new stake in shares of Nike in the third quarter worth $28,000. Candriam Luxembourg S.C.A. increased its stake in shares of Nike by 97.4% in the third quarter. Candriam Luxembourg S.C.A. now owns 295,776 shares of the footwear maker’s stock worth $29,000 after acquiring an additional 145,904 shares during the period. LFA Lugano Financial Advisors SA purchased a new position in shares of Nike during the fourth quarter worth $33,000. Finally, KCS Wealth Advisory purchased a new position in shares of Nike during the third quarter worth $38,000. Institutional investors own 65.08% of the company’s stock.

In related news, EVP Monique S. Matheson sold 8,500 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $105.00, for a total transaction of $892,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter B. Henry sold 2,416 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $101.14, for a total value of $244,354.24. Following the completion of the transaction, the director now directly owns 4,046 shares of the company’s stock, valued at $409,212.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 486,416 shares of company stock worth $47,551,974. Company insiders own 3.80% of the company’s stock.

Several research firms have commented on NKE. Evercore ISI assumed coverage on shares of Nike in a report on Friday, December 20th. They issued a “buy” rating and a $150.00 price target on the stock. Daiwa Capital Markets set a $91.00 price objective on Nike and gave the company a “hold” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. boosted their price objective on Nike from $109.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, December 20th. Morgan Stanley boosted their price objective on Nike from $118.00 to $119.00 and gave the company an “overweight” rating in a report on Friday, December 20th. Finally, Raymond James lifted their price target on Nike from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-five have issued a buy rating to the stock. Nike presently has an average rating of “Buy” and an average price target of $106.25.

Shares of NKE traded down $0.94 during mid-day trading on Friday, hitting $102.08. 2,819,112 shares of the company were exchanged, compared to its average volume of 4,559,038. Nike Inc has a 1-year low of $77.07 and a 1-year high of $105.62. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.23 and a current ratio of 1.98. The company has a 50 day moving average of $100.73 and a 200-day moving average of $91.62. The stock has a market cap of $162.73 billion, a price-to-earnings ratio of 35.69, a price-to-earnings-growth ratio of 2.49 and a beta of 0.84.

Nike (NYSE:NKE) last posted its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.12. Nike had a return on equity of 50.03% and a net margin of 11.21%. The company had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $10.09 billion. During the same period in the previous year, the firm posted $0.52 EPS. Nike’s revenue was up 10.2% compared to the same quarter last year. Research analysts anticipate that Nike Inc will post 3.01 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were issued a dividend of $0.245 per share. The ex-dividend date was Friday, November 29th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 0.96%. This is a boost from Nike’s previous quarterly dividend of $0.22. Nike’s dividend payout ratio is presently 39.36%.

Nike Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

Further Reading: How to build a Fibonacci channel

Want to see what other hedge funds are holding NKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nike Inc (NYSE:NKE).

Institutional Ownership by Quarter for Nike (NYSE:NKE)

Receive News & Ratings for Nike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nike and related companies with MarketBeat.com's FREE daily email newsletter.