Quantinno Capital Management LP Acquires 10,031 Shares of NIKE, Inc. (NYSE:NKE)

Quantinno Capital Management LP boosted its holdings in NIKE, Inc. (NYSE:NKE) by 21.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Heck Capital Advisors LLC acquired a new position in shares of NIKE in the 4th quarter worth approximately $28,000. Caitlin John LLC raised its stake in NIKE by 117.0% during the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock worth $28,000 after acquiring an additional 200 shares in the last quarter. Roxbury Financial LLC acquired a new position in NIKE during the fourth quarter worth $30,000. LFA Lugano Financial Advisors SA lifted its holdings in shares of NIKE by 110.5% during the fourth 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 stake in shares of NIKE in the 4th quarter valued at $30,000. Institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling

In other NIKE news, Director Robert Holmes Swan acquired 8,600 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average price of $58.46 per share, with a total value of $502,756.00. Following the purchase, the director now owns 31,983 shares of the company’s stock, valued at $1,869,726.18. This represents a 36.78% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by insiders.

NIKE Stock Performance

Shares of NIKE stock opened at $63.13 on Monday. The firm has a fifty day moving average of $61.07 and a two-hundred day moving average of $70.66. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The stock has a market capitalization of $93.38 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 2.52 and a beta of 1.23. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $98.04.

NIKE (NYSE:NKE) last announced 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 business had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $11.02 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. As a group, equities research analysts predict that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Piper Sandler lowered their target price on shares of NIKE from $90.00 to $70.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. BMO Capital Markets decreased their price objective on shares of NIKE from $95.00 to $92.00 and set an “outperform” rating on the stock in a research note on Friday, March 21st. Bank of America dropped their price objective on shares of NIKE from $90.00 to $80.00 and set a “buy” rating for the company in a report on Friday, April 25th. Telsey Advisory Group reduced their target price on NIKE from $80.00 to $70.00 and set a “market perform” rating on the stock in a report on Tuesday, May 6th. Finally, China Renaissance assumed coverage on NIKE in a research report on Wednesday, March 19th. They set a “hold” rating on the stock. 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 stock. According to data from MarketBeat, NIKE currently has a consensus rating of “Moderate Buy” and an average target price of $80.30.

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.