Quantinno Capital Management LP Has $4.35 Million Stake in NIKE, Inc. (NYSE:NKE)

Quantinno Capital Management LP boosted its stake in NIKE, Inc. (NYSE:NKE) by 21.2% during the 4th quarter, HoldingsChannel reports. The fund owned 57,453 shares of the footwear maker’s stock after acquiring an additional 10,031 shares during the quarter. Quantinno Capital Management LP’s holdings in NIKE were worth $4,348,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NKE. Heck Capital Advisors LLC bought a new stake in shares of NIKE in the fourth quarter valued at about $28,000. Caitlin John LLC lifted its stake in NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. Roxbury Financial LLC bought a new stake in NIKE in the 4th quarter valued at approximately $30,000. LFA Lugano Financial Advisors SA boosted its position in NIKE by 110.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock worth $30,000 after acquiring an additional 210 shares during the last quarter. Finally, Hopwood Financial Services Inc. bought a new position in shares of NIKE during the 4th quarter worth approximately $30,000. 64.25% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NIKE

In other NIKE news, Director Robert Holmes Swan purchased 8,600 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the purchase, the director now owns 31,983 shares of the company’s stock, valued at approximately $1,869,726.18. The trade was a 36.78% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

NIKE Trading Up 1.2%

Shares of NKE stock opened at $63.13 on Monday. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $98.04. The company has a market capitalization of $93.38 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23. The firm has a 50 day moving average price of $61.07 and a two-hundred day moving average price of $70.66. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57.

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

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.53%. The ex-dividend date is Monday, June 2nd. NIKE’s payout ratio is 53.16%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Stifel Nicolaus cut their price objective on shares of NIKE from $75.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, April 10th. Williams Trading cut their price target on shares of NIKE from $93.00 to $73.00 and set a “buy” rating on the stock in a research report on Monday, April 21st. Truist Financial reduced their price objective on shares of NIKE from $90.00 to $82.00 and set a “buy” rating for the company in a research note on Friday, March 21st. UBS Group lowered their target price on NIKE from $73.00 to $66.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Finally, Bank of America reduced their price target on NIKE from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Seventeen analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, NIKE has a consensus rating of “Moderate Buy” and an average price target of $80.30.

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.