Stevens Capital Management LP Buys Shares of 49,090 NIKE, Inc. (NYSE:NKE)

Stevens Capital Management LP bought a new stake in NIKE, Inc. (NYSE:NKE) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 49,090 shares of the footwear maker’s stock, valued at approximately $5,330,000. NIKE makes up 1.3% of Stevens Capital Management LP’s investment portfolio, making the stock its 11th biggest holding.

A number of other large investors have also recently modified their holdings of the business. Impact Partnership Wealth LLC boosted its holdings in shares of 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 acquiring an additional 181 shares in the last quarter. Iron Horse Wealth Management LLC boosted its holdings in shares of NIKE by 120.7% during the 4th quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock valued at $28,000 after acquiring an additional 140 shares in the last quarter. Planned Solutions Inc. acquired a new stake in shares of NIKE during the 4th quarter valued at $29,000. Raleigh Capital Management Inc. raised its position in NIKE by 134.2% during the 3rd quarter. Raleigh Capital Management Inc. now owns 377 shares of the footwear maker’s stock worth $36,000 after purchasing an additional 216 shares during the last quarter. Finally, Stephens Consulting LLC raised its position in NIKE by 160.0% during the 3rd quarter. Stephens Consulting LLC now owns 390 shares of the footwear maker’s stock worth $37,000 after purchasing an additional 240 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on NKE. Telsey Advisory Group lowered their target price on NIKE from $140.00 to $120.00 and set an “outperform” rating for the company in a research report on Monday, March 18th. The Goldman Sachs Group lowered their target price on NIKE from $135.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Stifel Nicolaus lowered their price objective on NIKE from $129.00 to $117.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. HSBC cut their target price on NIKE from $120.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, January 22nd. Finally, UBS Group cut their target price on NIKE from $138.00 to $125.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $116.26.

NIKE Stock Performance

Shares of NKE traded up $0.18 on Friday, reaching $94.12. 6,110,023 shares of the company’s stock traded hands, compared to its average volume of 9,428,839. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. The stock has a market cap of $142.06 billion, a PE ratio of 27.86, a PEG ratio of 1.83 and a beta of 1.08. The stock’s 50 day simple moving average is $97.15 and its two-hundred day simple moving average is $103.32. NIKE, Inc. has a 52-week low of $88.66 and a 52-week high of $128.68.

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

NIKE Announces Dividend

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

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.