Robeco Institutional Asset Management B.V. Trims Position in NIKE, Inc. (NYSE:NKE)

Robeco Institutional Asset Management B.V. reduced its stake in NIKE, Inc. (NYSE:NKE) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 288,429 shares of the footwear maker’s stock after selling 13,302 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in NIKE were worth $21,825,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Teachers Insurance & Annuity Association of America acquired a new position in NIKE in the 3rd quarter valued at $30,000. VitalStone Financial LLC boosted its holdings in shares of NIKE by 52.6% in the third quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock valued at $38,000 after acquiring an additional 150 shares in the last quarter. Dunhill Financial LLC increased its stake in shares of NIKE by 52.2% during the third quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker’s stock worth $44,000 after acquiring an additional 169 shares during the period. Riverview Trust Co purchased a new position in NIKE during the third quarter worth about $52,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in NIKE in the 3rd quarter valued at approximately $54,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Trading Up 2.2 %

Shares of NKE opened at $78.28 on Friday. NIKE, Inc. has a 12 month low of $70.32 and a 12 month high of $107.43. The stock’s 50-day moving average is $75.55 and its two-hundred day moving average is $77.95. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The stock has a market cap of $115.79 billion, a PE ratio of 24.16, a P/E/G ratio of 2.36 and a beta of 1.02.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, topping 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 firm had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.11 billion. During the same period in the previous year, the company posted $1.03 EPS. NIKE’s revenue for the quarter was down 7.7% on a year-over-year basis. Equities analysts forecast that NIKE, Inc. will post 2.1 earnings per share for the current fiscal year.

NIKE Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.04%. This is a positive change from NIKE’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Monday, December 2nd. NIKE’s dividend payout ratio (DPR) is presently 49.38%.

Insider Buying and Selling

In other NIKE news, Director John W. Rogers, Jr. bought 2,500 shares of the stock in a transaction dated Friday, December 27th. The stock was bought at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the purchase, the director now directly owns 34,403 shares of the company’s stock, valued at approximately $2,636,989.95. The trade was a 7.84 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NKE has been the subject of a number of analyst reports. Royal Bank of Canada cut their target price on NIKE from $82.00 to $80.00 and set a “sector perform” rating for the company in a research note on Thursday, November 7th. Barclays reduced their target price on NIKE from $79.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. DA Davidson upgraded shares of NIKE to a “strong-buy” rating in a report on Monday, December 23rd. TD Cowen decreased their price objective on shares of NIKE from $78.00 to $73.00 and set a “hold” rating on the stock in a report on Monday, November 18th. Finally, Evercore ISI lowered their target price on shares of NIKE from $105.00 to $97.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Fourteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, NIKE currently has an average rating of “Moderate Buy” and an average price target of $89.96.

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.