Metis Global Partners LLC Has $3.37 Million Stock Position in NIKE, Inc. (NYSE:NKE)

Metis Global Partners LLC lifted its position in shares of NIKE, Inc. (NYSE:NKE) by 5.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,512 shares of the footwear maker’s stock after buying an additional 2,166 shares during the quarter. Metis Global Partners LLC’s holdings in NIKE were worth $3,368,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Range Financial Group LLC acquired a new position in NIKE in the fourth quarter valued at about $642,000. Cacti Asset Management LLC acquired a new position in NIKE in the fourth quarter valued at about $9,987,000. Capricorn Fund Managers Ltd acquired a new position in NIKE in the fourth quarter valued at about $5,384,000. Klein Pavlis & Peasley Financial Inc. raised its stake in NIKE by 31.1% in the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 25,835 shares of the footwear maker’s stock valued at $1,955,000 after purchasing an additional 6,124 shares in the last quarter. Finally, FNY Investment Advisers LLC raised its stake in NIKE by 5,745.9% in the fourth quarter. FNY Investment Advisers LLC now owns 8,652 shares of the footwear maker’s stock valued at $654,000 after purchasing an additional 8,504 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Robert W. Baird dropped their price target on NIKE from $110.00 to $105.00 and set an “outperform” rating for the company in a research note on Monday, December 23rd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $80.00 price target on shares of NIKE in a research note on Wednesday, February 19th. Jefferies Financial Group raised NIKE from a “hold” rating to a “buy” rating and boosted their target price for the stock from $75.00 to $115.00 in a research note on Monday, February 24th. UBS Group reissued a “neutral” rating and set a $73.00 target price on shares of NIKE in a research note on Thursday, December 26th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on NIKE from $92.00 to $82.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Fourteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, NIKE presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.77.

Insiders Place Their Bets

In other NIKE news, Director John W. Rogers, Jr. purchased 2,500 shares of the business’s stock in a transaction on Friday, December 27th. The shares were purchased at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the acquisition, the director now owns 34,403 shares of the company’s stock, valued at approximately $2,636,989.95. This represents a 7.84 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $72.83, for a total value of $12,361,581.56. Following the transaction, the chairman now owns 896,632 shares in the company, valued at $65,301,708.56. The trade was a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

NIKE Stock Performance

Shares of NKE stock opened at $79.43 on Friday. The business’s 50 day simple moving average is $74.64 and its 200 day simple moving average is $78.32. NIKE, Inc. has a one year low of $68.62 and a one year high of $105.57. The stock has a market capitalization of $117.49 billion, a PE ratio of 24.52, a PEG ratio of 2.52 and a beta of 1.01. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, beating the consensus estimate of $0.63 by $0.15. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business had revenue of $12.35 billion for the quarter, compared to analysts’ expectations of $12.11 billion. During the same period in the prior year, the business posted $1.03 earnings per share. The firm’s revenue was down 7.7% on a year-over-year basis. As a group, research analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE’s payout ratio is presently 49.38%.

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.