Sava Infond d.o.o. Buys New Holdings in NIKE, Inc. (NYSE:NKE)

Sava Infond d.o.o. purchased a new position in shares of NIKE, Inc. (NYSE:NKE) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 27,050 shares of the footwear maker’s stock, valued at approximately $2,047,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Heck Capital Advisors LLC bought a new position in shares of NIKE during the 4th quarter worth about $28,000. Caitlin John LLC raised its position in NIKE by 117.0% in the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 200 shares in the last quarter. Teachers Insurance & Annuity Association of America bought a new position in NIKE during the third quarter worth about $30,000. Roxbury Financial LLC acquired a new stake in NIKE during the fourth quarter valued at approximately $30,000. Finally, LFA Lugano Financial Advisors SA grew its stake in shares of 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 purchasing an additional 210 shares during the period. Institutional investors own 64.25% of the company’s stock.

Insider Activity at NIKE

In other news, Chairman Mark G. Parker sold 169,732 shares of NIKE stock in a transaction 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John W. Rogers, Jr. acquired 2,500 shares of the stock in a transaction that occurred on Friday, December 27th. The stock was purchased at an average price of $76.65 per share, with a total value of $191,625.00. Following the transaction, the director now owns 34,403 shares in the company, valued at $2,636,989.95. This represents a 7.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.

NIKE Stock Performance

Shares of NIKE stock opened at $65.76 on Thursday. The firm has a fifty day moving average of $74.42 and a two-hundred day moving average of $77.13. 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 $97.26 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 2.52 and a beta of 1.02. NIKE, Inc. has a 52 week low of $64.95 and a 52 week high of $98.04.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, beating 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 the consensus estimate of $11.02 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. The firm’s revenue was down 9.1% on a year-over-year basis. As a group, equities research analysts predict that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.43%. The ex-dividend date is Monday, March 3rd. NIKE’s payout ratio is 53.16%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. BMO Capital Markets decreased their price target on NIKE from $95.00 to $92.00 and set an “outperform” rating on the stock in a research note on Friday, March 21st. DA Davidson raised shares of NIKE to a “strong-buy” rating in a report on Monday, December 23rd. Needham & Company LLC cut their price target on shares of NIKE from $84.00 to $80.00 and set a “buy” rating for the company in a report on Monday, March 17th. UBS Group decreased their price objective on shares of NIKE from $73.00 to $66.00 and set a “neutral” rating on the stock in a research note on Friday, March 21st. Finally, Robert W. Baird cut their target price on shares of NIKE from $105.00 to $99.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. Fifteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, NIKE currently has an average rating of “Moderate Buy” and a consensus target price of $87.38.

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.