Maryland State Retirement & Pension System Has $10.05 Million Position in NIKE, Inc. (NYSE:NKE)

Maryland State Retirement & Pension System grew its position in shares of NIKE, Inc. (NYSE:NKE) by 1.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 92,580 shares of the footwear maker’s stock after purchasing an additional 986 shares during the period. Maryland State Retirement & Pension System’s holdings in NIKE were worth $10,051,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Advisor Group LLC increased its holdings in NIKE by 5.9% in the fourth quarter. Private Advisor Group LLC now owns 60,176 shares of the footwear maker’s stock valued at $6,533,000 after purchasing an additional 3,374 shares during the period. Wealthcare Advisory Partners LLC raised its position in shares of NIKE by 6.5% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 15,727 shares of the footwear maker’s stock worth $1,707,000 after acquiring an additional 958 shares during the last quarter. MeadowBrook Investment Advisors LLC bought a new position in shares of NIKE during the fourth quarter worth about $1,440,000. Summit Trail Advisors LLC lifted its stake in shares of NIKE by 16.9% in the fourth quarter. Summit Trail Advisors LLC now owns 12,384 shares of the footwear maker’s stock worth $1,349,000 after acquiring an additional 1,792 shares during the period. Finally, Metis Global Partners LLC boosted its holdings in NIKE by 15.2% in the fourth quarter. Metis Global Partners LLC now owns 59,830 shares of the footwear maker’s stock valued at $6,496,000 after acquiring an additional 7,915 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors.

NIKE Stock Performance

NYSE NKE traded up $0.33 during trading on Tuesday, reaching $93.69. The company’s stock had a trading volume of 4,916,847 shares, compared to its average volume of 9,198,151. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74. NIKE, Inc. has a twelve month low of $88.66 and a twelve month high of $127.69. The firm has a market cap of $141.41 billion, a price-to-earnings ratio of 27.70, a P/E/G ratio of 1.78 and a beta of 1.07. The business’s fifty day moving average price is $95.51 and its 200-day moving average price is $102.97.

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

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.48 annualized dividend and a yield of 1.58%. NIKE’s dividend payout ratio (DPR) is currently 43.53%.

Analyst Ratings Changes

NKE has been the subject of several analyst reports. Telsey Advisory Group lowered their price target on shares of NIKE from $140.00 to $120.00 and set an “outperform” rating for the company in a report on Monday, March 18th. Wedbush reissued an “outperform” rating and issued a $115.00 price objective on shares of NIKE in a research report on Tuesday, April 30th. Bank of America upgraded NIKE from a “neutral” rating to a “buy” rating and upped their target price for the company from $110.00 to $113.00 in a research report on Thursday, April 11th. Williams Trading reiterated a “sell” rating and issued a $85.00 target price (down from $92.00) on shares of NIKE in a report on Monday, March 18th. Finally, HSBC cut their price target on NIKE from $120.00 to $115.00 and set a “hold” rating on the stock in a report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $116.26.

About NIKE

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.