Headlands Technologies LLC Invests $756,000 in NIKE, Inc. (NYSE:NKE)

Headlands Technologies LLC purchased a new position in shares of NIKE, Inc. (NYSE:NKE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,961 shares of the footwear maker’s stock, valued at approximately $756,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Iron Horse Wealth Management LLC boosted its position in NIKE by 120.7% in the 4th quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock valued at $28,000 after buying an additional 140 shares during the last quarter. Impact Partnership Wealth LLC grew its stake in NIKE by 220.7% during the 3rd quarter. Impact Partnership Wealth LLC now owns 263 shares of the footwear maker’s stock valued at $25,000 after purchasing an additional 181 shares in the last quarter. Planned Solutions Inc. purchased a new stake in NIKE during the 4th quarter worth approximately $29,000. Mizuho Securities Co. Ltd. boosted its stake in shares of NIKE by 100.0% during the 4th quarter. Mizuho Securities Co. Ltd. now owns 340 shares of the footwear maker’s stock valued at $37,000 after buying an additional 170 shares during the last quarter. Finally, NewSquare Capital LLC grew its position in shares of NIKE by 372.0% during the fourth quarter. NewSquare Capital LLC now owns 354 shares of the footwear maker’s stock worth $38,000 after buying an additional 279 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Trading Up 0.2 %

NIKE stock traded up $0.18 during mid-day trading on Friday, hitting $94.12. The stock had a trading volume of 6,115,744 shares, compared to its average volume of 9,124,711. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. NIKE, Inc. has a 12 month low of $88.66 and a 12 month high of $128.68. The stock has a market capitalization of $142.06 billion, a PE ratio of 27.68, a P/E/G ratio of 1.81 and a beta of 1.08. The stock has a 50-day simple moving average of $96.96 and a two-hundred day simple moving average of $103.30.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. NIKE had a net margin of 10.14% and a return on equity of 39.41%. The business had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.28 billion. As a group, sell-side analysts forecast that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were issued a $0.37 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.48 dividend on an annualized basis and a yield of 1.57%. NIKE’s dividend payout ratio is presently 43.53%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Evercore ISI reduced their target price on NIKE from $127.00 to $117.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $100.00 price target (down from $110.00) on shares of NIKE in a research note on Friday, March 22nd. TheStreet downgraded NIKE from a “b” rating to a “c+” rating in a research note on Tuesday, January 9th. Wedbush reaffirmed an “outperform” rating and set a $115.00 target price on shares of NIKE in a report on Wednesday, March 27th. Finally, Bank of America upgraded shares of NIKE from a “neutral” rating to a “buy” rating and raised their target price for the stock from $110.00 to $113.00 in a report on Thursday, April 11th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, NIKE presently has a consensus rating of “Moderate Buy” and an average price target of $116.26.

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.