NIKE, Inc. (NYSE:NKE) Shares Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP raised its holdings in NIKE, Inc. (NYSE:NKE) by 8.8% in the third quarter, Holdings Channel.com reports. The fund owned 5,528,800 shares of the footwear maker’s stock after buying an additional 446,200 shares during the quarter. NIKE makes up 1.1% of Two Sigma Advisers LP’s investment portfolio, making the stock its 13th largest position. Two Sigma Advisers LP’s holdings in NIKE were worth $488,746,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Texas Capital Bank Wealth Management Services Inc raised its holdings in NIKE by 1.6% during the third quarter. Texas Capital Bank Wealth Management Services Inc now owns 77,923 shares of the footwear maker’s stock worth $6,888,000 after purchasing an additional 1,241 shares during the last quarter. State Street Corp raised its position in NIKE by 3.3% during the third quarter. State Street Corp now owns 57,916,789 shares of the footwear maker’s stock worth $5,140,796,000 after acquiring an additional 1,862,021 shares during the last quarter. Stifel Financial Corp grew its holdings in NIKE by 6.0% during the 3rd quarter. Stifel Financial Corp now owns 3,728,729 shares of the footwear maker’s stock valued at $329,629,000 after buying an additional 210,760 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in NIKE during the 3rd quarter worth about $28,310,000. Finally, Royal London Asset Management Ltd. boosted its stake in shares of NIKE by 9.3% during the 3rd quarter. Royal London Asset Management Ltd. now owns 649,813 shares of the footwear maker’s stock worth $57,443,000 after purchasing an additional 55,266 shares during the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Trading Up 0.3 %

Shares of NYSE NKE opened at $78.58 on Friday. The business has a fifty day simple moving average of $79.46 and a 200-day simple moving average of $81.80. The company has a market cap of $117.82 billion, a price-to-earnings ratio of 22.52, a P/E/G ratio of 1.92 and a beta of 1.02. NIKE, Inc. has a 12 month low of $70.75 and a 12 month high of $123.39. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE) last announced its earnings results on Tuesday, October 1st. The footwear maker reported $0.70 EPS for the quarter, topping the consensus estimate of $0.52 by $0.18. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The company had revenue of $11.59 billion during the quarter, compared to analysts’ expectations of $11.64 billion. During the same period last year, the company posted $0.94 earnings per share. The business’s revenue for the quarter was down 10.4% on a year-over-year basis. Sell-side analysts predict that NIKE, Inc. will post 2.74 EPS for the current year.

NIKE Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.40 per share. This is an increase from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Monday, December 2nd. NIKE’s payout ratio is 45.85%.

Analysts Set New Price Targets

NKE has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on shares of NIKE from $95.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, October 2nd. Robert W. Baird lifted their price objective on NIKE from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. Evercore ISI reduced their target price on NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Bank of America lowered their price target on NIKE from $100.00 to $95.00 and set a “buy” rating for the company in a report on Thursday. Finally, Telsey Advisory Group cut their price objective on shares of NIKE from $100.00 to $96.00 and set an “outperform” rating on the stock in a report on Wednesday, October 2nd. Fourteen research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.54.

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.