ProShare Advisors LLC Has $24.30 Million Stake in NIKE, Inc. (NYSE:NKE)

ProShare Advisors LLC boosted its stake in NIKE, Inc. (NYSE:NKE) by 27.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 321,173 shares of the footwear maker’s stock after purchasing an additional 70,108 shares during the period. ProShare Advisors LLC’s holdings in NIKE were worth $24,303,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NKE. Heck Capital Advisors LLC acquired a new stake in NIKE in the fourth quarter valued at $28,000. Caitlin John LLC boosted its position in NIKE by 117.0% during the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock valued at $28,000 after acquiring an additional 200 shares during the last quarter. Roxbury Financial LLC bought a new stake in NIKE during the fourth quarter valued at $30,000. LFA Lugano Financial Advisors SA boosted its position in NIKE by 110.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock valued at $30,000 after acquiring an additional 210 shares during the last quarter. Finally, Hopwood Financial Services Inc. bought a new stake in NIKE during the fourth quarter valued at $30,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Robert Holmes Swan acquired 8,600 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the purchase, the director now owns 31,983 shares in the company, valued at approximately $1,869,726.18. This trade represents a 36.78% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

NIKE Stock Performance

NKE stock opened at $63.13 on Friday. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The firm has a market cap of $93.38 billion, a PE ratio of 19.48, a P/E/G ratio of 2.52 and a beta of 1.23. The business has a 50 day moving average of $61.07 and a 200-day moving average of $70.74. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $98.04.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.26. The firm had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. As a group, sell-side analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.53%. NIKE’s dividend payout ratio (DPR) is presently 53.16%.

Analyst Ratings Changes

A number of analysts have commented on the stock. BMO Capital Markets cut their price target on shares of NIKE from $95.00 to $92.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. Needham & Company LLC cut their price target on shares of NIKE from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, March 17th. The Goldman Sachs Group cut their price target on shares of NIKE from $88.00 to $72.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company upped their price target on shares of NIKE from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Bank of America cut their price target on shares of NIKE from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Seventeen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, NIKE has an average rating of “Moderate Buy” and a consensus price target of $80.30.

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.