Stevens Capital Management LP Purchases New Holdings in NIKE, Inc. (NYSE:NKE)

Stevens Capital Management LP purchased a new stake in shares of NIKE, Inc. (NYSE:NKE) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 31,094 shares of the footwear maker’s stock, valued at approximately $2,353,000. NIKE accounts for approximately 0.9% of Stevens Capital Management LP’s portfolio, making the stock its 15th largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new stake in shares of NIKE in the 4th quarter valued at approximately $28,000. Caitlin John LLC grew its stake in shares of 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 purchasing an additional 200 shares during the period. Teachers Insurance & Annuity Association of America bought a new stake in shares of NIKE in the 3rd quarter valued at approximately $30,000. Roxbury Financial LLC bought a new stake in shares of NIKE in the 4th quarter valued at approximately $30,000. Finally, LFA Lugano Financial Advisors SA grew its stake in shares of NIKE by 110.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock valued at $30,000 after purchasing an additional 210 shares during the period. 64.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada lowered their price objective on NIKE from $67.00 to $66.00 and set a “sector perform” rating on the stock in a research note on Friday. Telsey Advisory Group restated a “market perform” rating and set a $80.00 price target on shares of NIKE in a research report on Monday, March 17th. Wells Fargo & Company decreased their price target on NIKE from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday. Stifel Nicolaus decreased their price target on NIKE from $79.00 to $75.00 and set a “hold” rating on the stock in a research report on Friday, December 20th. Finally, Bank of America decreased their price target on NIKE from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Fifteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, NIKE presently has a consensus rating of “Moderate Buy” and an average target price of $87.38.

NIKE Stock Performance

NKE stock opened at $68.02 on Friday. The company has a market cap of $100.60 billion, a P/E ratio of 20.99, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. NIKE, Inc. has a twelve month low of $65.17 and a twelve month high of $98.04. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The business’s fifty day moving average is $74.70 and its 200-day moving average is $77.43.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.28 by $0.26. The business had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The firm’s revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 EPS. Equities research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE’s payout ratio is presently 53.16%.

Insider Buying and Selling

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the completion of the transaction, the chairman now owns 896,632 shares in the company, valued at approximately $65,301,708.56. This represents a 15.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John W. Rogers, Jr. bought 2,500 shares of the stock in a transaction on Friday, December 27th. The shares were purchased at an average price of $76.65 per share, with a total value of $191,625.00. Following the acquisition, the director now owns 34,403 shares in the company, valued at approximately $2,636,989.95. This represents a 7.84 % increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by company insiders.

NIKE Company 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.