NIKE, Inc. (NYSE:NKE) Shares Sold by Greenleaf Trust

Greenleaf Trust reduced its position in NIKE, Inc. (NYSE:NKE) by 3.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 115,661 shares of the footwear maker’s stock after selling 4,739 shares during the quarter. Greenleaf Trust’s holdings in NIKE were worth $10,224,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC increased its holdings in NIKE by 36.8% during the 1st quarter. International Assets Investment Management LLC now owns 4,890 shares of the footwear maker’s stock worth $453,000 after purchasing an additional 1,315 shares during the last quarter. Riverview Trust Co bought a new stake in shares of NIKE in the 1st quarter valued at approximately $57,000. Thompson Investment Management Inc. increased its holdings in shares of NIKE by 52.0% in the 1st quarter. Thompson Investment Management Inc. now owns 833 shares of the footwear maker’s stock valued at $78,000 after acquiring an additional 285 shares during the last quarter. Brookstone Capital Management boosted its position in NIKE by 17.7% during the 1st quarter. Brookstone Capital Management now owns 64,524 shares of the footwear maker’s stock worth $6,064,000 after acquiring an additional 9,694 shares during the period. Finally, G&S Capital LLC boosted its position in NIKE by 105.1% during the 1st quarter. G&S Capital LLC now owns 26,387 shares of the footwear maker’s stock worth $2,480,000 after acquiring an additional 13,524 shares during the period. 64.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Williams Trading upgraded NIKE from a “sell” rating to a “buy” rating and boosted their price target for the stock from $67.00 to $93.00 in a research report on Friday, August 16th. UBS Group boosted their price target on NIKE from $78.00 to $82.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Robert W. Baird boosted their price target on NIKE from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Telsey Advisory Group reduced their price target on NIKE from $100.00 to $96.00 and set an “outperform” rating for the company in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada reduced their price target on NIKE from $85.00 to $82.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 2nd. Fourteen equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.56.

Insiders Place Their Bets

In other news, Chairman Mark G. Parker sold 52,487 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total value of $4,093,986.00. Following the completion of the transaction, the chairman now owns 1,031,226 shares of the company’s stock, valued at $80,435,628. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.50% of the company’s stock.

NIKE Price Performance

NKE traded down $0.85 on Wednesday, hitting $80.57. 733,621 shares of the stock were exchanged, compared to its average volume of 11,606,753. NIKE, Inc. has a 12 month low of $70.75 and a 12 month high of $123.39. The business has a 50-day moving average of $82.83 and a two-hundred day moving average of $85.14. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.36 and a quick ratio of 1.58. The firm has a market capitalization of $121.61 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 1.96 and a beta of 1.02.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.18. The business had revenue of $11.59 billion during the quarter, compared to analysts’ expectations of $11.64 billion. NIKE had a net margin of 10.60% and a return on equity of 39.84%. NIKE’s revenue was down 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.94 earnings per share. Sell-side analysts forecast that NIKE, Inc. will post 2.8 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.84%. The ex-dividend date was Tuesday, September 3rd. NIKE’s payout ratio is 39.68%.

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.