Dark Forest Capital Management LP Purchases Shares of 4,422 NIKE, Inc. (NYSE:NKE)

Dark Forest Capital Management LP acquired a new stake in shares of NIKE, Inc. (NYSE:NKE) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,422 shares of the footwear maker’s stock, valued at approximately $333,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. 9258 Wealth Management LLC increased its holdings in shares of NIKE by 23.9% during the 4th quarter. 9258 Wealth Management LLC now owns 4,366 shares of the footwear maker’s stock valued at $474,000 after purchasing an additional 842 shares in the last quarter. Gryphon Financial Partners LLC increased its holdings in NIKE by 34.6% in the fourth quarter. Gryphon Financial Partners LLC now owns 11,598 shares of the footwear maker’s stock valued at $1,259,000 after buying an additional 2,981 shares in the last quarter. Focus Financial Network Inc. ADV acquired a new position in shares of NIKE in the fourth quarter worth about $729,000. Dorsey & Whitney Trust CO LLC raised its position in shares of NIKE by 6.1% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 9,121 shares of the footwear maker’s stock worth $990,000 after acquiring an additional 522 shares during the period. Finally, Eagle Asset Management Inc. boosted its stake in shares of NIKE by 19.2% during the 4th quarter. Eagle Asset Management Inc. now owns 7,816 shares of the footwear maker’s stock worth $849,000 after acquiring an additional 1,257 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analysts Set New Price Targets

NKE has been the subject of a number of analyst reports. Sanford C. Bernstein reduced their price target on NIKE from $112.00 to $109.00 and set an “outperform” rating for the company in a report on Thursday, September 19th. Evercore ISI upped their target price on NIKE from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Royal Bank of Canada lifted their price target on shares of NIKE from $75.00 to $85.00 and gave the company a “sector perform” rating in a research note on Wednesday. BMO Capital Markets reduced their price objective on shares of NIKE from $118.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, June 28th. Finally, Jefferies Financial Group dropped their target price on shares of NIKE from $90.00 to $80.00 in a research report on Friday, July 12th. Fifteen research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.52.

NIKE Stock Up 0.1 %

Shares of NYSE NKE opened at $89.44 on Friday. The company has a market capitalization of $135.00 billion, a P/E ratio of 23.98, a P/E/G ratio of 2.30 and a beta of 1.02. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.40 and a quick ratio of 1.69. The company has a 50 day simple moving average of $79.67 and a 200-day simple moving average of $86.67. NIKE, Inc. has a 1 year low of $70.75 and a 1 year high of $123.39.

NIKE (NYSE:NKE) last posted its earnings results on Thursday, June 27th. The footwear maker reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.16. The company had revenue of $12.60 billion during the quarter, compared to analysts’ expectations of $12.86 billion. NIKE had a return on equity of 42.63% and a net margin of 11.10%. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 earnings per share. On average, equities research analysts predict that NIKE, Inc. will post 3.04 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd will be given a $0.37 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.65%. NIKE’s payout ratio is currently 39.68%.

Insiders Place Their Bets

In other news, Chairman Mark G. Parker sold 110,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $72.97, for a total value of $8,026,700.00. Following the sale, the chairman now directly owns 1,102,090 shares of the company’s stock, valued at approximately $80,419,507.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Chairman Mark G. Parker sold 52,487 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the completion of the transaction, the chairman now directly owns 1,031,226 shares in the company, valued at $80,435,628. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Mark G. Parker sold 110,000 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $72.97, for a total value of $8,026,700.00. Following the completion of the sale, the chairman now owns 1,102,090 shares in the company, valued at approximately $80,419,507.30. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

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.