Autumn Glory Partners LLC Has $1.44 Million Stock Holdings in NIKE, Inc. (NYSE:NKE)

Autumn Glory Partners LLC grew its position in NIKE, Inc. (NYSE:NKE) by 2.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,625 shares of the footwear maker’s stock after purchasing an additional 451 shares during the period. Autumn Glory Partners LLC’s holdings in NIKE were worth $1,436,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Renaissance Technologies LLC lifted its position in NIKE by 1,302.7% during the 4th quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker’s stock worth $196,901,000 after buying an additional 2,416,601 shares in the last quarter. Capitolis Liquid Global Markets LLC lifted its position in NIKE by 40.9% during the 4th quarter. Capitolis Liquid Global Markets LLC now owns 310,000 shares of the footwear maker’s stock worth $23,458,000 after buying an additional 90,000 shares in the last quarter. Janus Henderson Group PLC lifted its position in NIKE by 8.3% during the 4th quarter. Janus Henderson Group PLC now owns 6,081,021 shares of the footwear maker’s stock worth $460,160,000 after buying an additional 463,470 shares in the last quarter. Markel Group Inc. lifted its position in NIKE by 0.8% during the 4th quarter. Markel Group Inc. now owns 432,400 shares of the footwear maker’s stock worth $32,720,000 after buying an additional 3,500 shares in the last quarter. Finally, Evergreen Capital Management LLC lifted its position in NIKE by 3.3% during the 4th quarter. Evergreen Capital Management LLC now owns 237,199 shares of the footwear maker’s stock worth $18,042,000 after buying an additional 7,536 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Stock Performance

NYSE:NKE opened at $59.47 on Thursday. The business has a 50 day moving average of $59.57 and a 200 day moving average of $68.36. The company has a market capitalization of $87.96 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 2.11 and a beta of 1.21. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $98.04. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.19 and a quick ratio of 1.52.

NIKE (NYSE:NKE) last released 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 during the quarter, compared to the consensus estimate of $11.02 billion. NIKE had a return on equity of 32.18% and a net margin of 9.43%. NIKE’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS. On average, sell-side analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The business 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 $0.40 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.60 annualized dividend and a yield of 2.69%. NIKE’s payout ratio is currently 53.16%.

Insider Buying and Selling at NIKE

In related news, Director Robert Holmes Swan acquired 8,600 shares of the stock in a transaction on Friday, April 4th. The stock was purchased at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the transaction, the director now owns 31,983 shares of the company’s stock, valued at $1,869,726.18. This trade represents a 36.78% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

NKE has been the subject of several recent research reports. Stifel Nicolaus dropped their price objective on NIKE from $75.00 to $64.00 and set a “hold” rating for the company in a report on Thursday, April 10th. Berenberg Bank initiated coverage on NIKE in a report on Tuesday, April 15th. They set a “hold” rating and a $58.00 price objective for the company. Bank of America dropped their price objective on NIKE from $90.00 to $80.00 and set a “buy” rating for the company in a report on Friday, April 25th. Williams Trading dropped their price objective on NIKE from $93.00 to $73.00 and set a “buy” rating for the company in a report on Monday, April 21st. Finally, Barclays lowered their price target on NIKE from $60.00 to $53.00 and set an “equal weight” rating for the company in a research note on Wednesday. Seventeen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.15.

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.