Cable Hill Partners LLC Purchases 7,479 Shares of NIKE, Inc. (NYSE:NKE)

Cable Hill Partners LLC raised its position in NIKE, Inc. (NYSE:NKE) by 22.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,230 shares of the footwear maker’s stock after acquiring an additional 7,479 shares during the quarter. NIKE makes up 0.3% of Cable Hill Partners LLC’s investment portfolio, making the stock its 23rd largest position. Cable Hill Partners LLC’s holdings in NIKE were worth $3,136,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of NKE. Heritage Investors Management Corp lifted its position in NIKE by 1.1% during the fourth quarter. Heritage Investors Management Corp now owns 356,087 shares of the footwear maker’s stock valued at $26,945,000 after buying an additional 3,888 shares during the period. SRN Advisors LLC purchased a new position in NIKE during the 4th quarter valued at about $787,000. Checchi Capital Advisers LLC boosted its stake in NIKE by 9.4% during the fourth quarter. Checchi Capital Advisers LLC now owns 8,947 shares of the footwear maker’s stock worth $677,000 after acquiring an additional 766 shares in the last quarter. Gibraltar Capital Management Inc. grew its holdings in NIKE by 2.3% in the fourth quarter. Gibraltar Capital Management Inc. now owns 77,510 shares of the footwear maker’s stock worth $5,865,000 after purchasing an additional 1,744 shares during the period. Finally, National Pension Service increased its stake in shares of NIKE by 18.2% during the fourth quarter. National Pension Service now owns 2,608,187 shares of the footwear maker’s stock valued at $197,362,000 after purchasing an additional 401,197 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

Insider Transactions at NIKE

In other news, Director John W. Rogers, Jr. bought 2,500 shares of the firm’s stock in a transaction on Friday, December 27th. The shares were bought at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the purchase, the director now owns 34,403 shares in the company, valued at approximately $2,636,989.95. The trade was a 7.84 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of NIKE 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 transaction, the chairman now directly owns 896,632 shares in the company, valued at $65,301,708.56. This represents a 15.92 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

NIKE Stock Performance

NKE opened at $81.17 on Thursday. The company’s 50 day moving average is $74.54 and its 200 day moving average is $78.28. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The company has a market cap of $120.06 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 2.52 and a beta of 1.01. NIKE, Inc. has a 12-month low of $68.62 and a 12-month high of $105.57.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.15. The firm had revenue of $12.35 billion during the quarter, compared to the consensus estimate of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.03 EPS. On average, equities research analysts predict that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Monday, March 3rd. NIKE’s payout ratio is 49.38%.

Analysts Set New Price Targets

Several analysts recently weighed in on NKE shares. Needham & Company LLC restated a “buy” rating and issued a $84.00 price target on shares of NIKE in a research note on Friday, February 7th. Royal Bank of Canada cut their target price on NIKE from $82.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 7th. Jefferies Financial Group raised NIKE from a “hold” rating to a “buy” rating and lifted their price target for the stock from $75.00 to $115.00 in a research report on Monday. BMO Capital Markets increased their price objective on shares of NIKE from $92.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Finally, UBS Group restated a “neutral” rating and set a $73.00 price objective on shares of NIKE in a research note on Thursday, December 26th. Fourteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.77.

NIKE 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.