FORA Capital LLC Invests $4.05 Million in NIKE, Inc. (NYSE:NKE)

FORA Capital LLC purchased a new stake in NIKE, Inc. (NYSE:NKE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 53,567 shares of the footwear maker's stock, valued at approximately $4,053,000.

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A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Heck Capital Advisors LLC purchased a new stake in shares of NIKE during the 4th quarter worth about $28,000. Caitlin John LLC increased its position in shares of NIKE by 117.0% in the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock valued at $28,000 after buying an additional 200 shares in the last quarter. Roxbury Financial LLC purchased a new position in shares of NIKE during the 4th quarter valued at approximately $30,000. LFA Lugano Financial Advisors SA grew its stake in 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 acquiring an additional 210 shares during the period. Finally, Hopwood Financial Services Inc. acquired a new position in NIKE during the fourth quarter worth $30,000. Institutional investors and hedge funds own 64.25% of the company's stock.

Insider Buying and Selling at NIKE

In related news, Director Robert Holmes Swan bought 8,600 shares of the firm's stock in a transaction dated Friday, April 4th. The stock was bought at an average price of $58.46 per share, with a total value of $502,756.00. Following the completion of the transaction, the director now directly owns 31,983 shares of the company's stock, valued at approximately $1,869,726.18. This represents a 36.78 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the completion of the sale, the chairman now directly owns 896,632 shares of the company's stock, valued at $65,301,708.56. This trade represents a 15.92 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

• Nike Stock Dips on Earnings: Analysts Weigh in on What’s Next

A number of research analysts recently weighed in on NKE shares. Jefferies Financial Group raised shares of NIKE from a "hold" rating to a "buy" rating and raised their price target for the company from $75.00 to $115.00 in a research note on Monday, February 24th. Royal Bank of Canada dropped their price target on NIKE from $67.00 to $66.00 and set a "sector perform" rating for the company in a research report on Friday, March 21st. Morgan Stanley lowered their target price on shares of NIKE from $72.00 to $70.00 and set an "equal weight" rating on the stock in a research note on Friday, March 21st. Wells Fargo & Company downgraded shares of NIKE from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $75.00 to $55.00 in a research note on Wednesday, April 30th. Finally, China Renaissance started coverage on shares of NIKE in a research note on Wednesday, March 19th. They set a "hold" rating for the company. Seventeen investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $80.48.

Read Our Latest Stock Report on NIKE

NIKE Stock Up 2.8 %

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NKE opened at $58.65 on Thursday. The company has a market cap of $86.76 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 2.52 and a beta of 1.23. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. NIKE, Inc. has a one year low of $52.28 and a one year high of $98.04. The business's fifty day moving average is $63.29 and its two-hundred day moving average is $71.63.

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

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Monday, June 2nd. NIKE's payout ratio is currently 53.16%.

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.

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