NIKE, Inc. (NYSE:NKE) Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. decreased its holdings in NIKE, Inc. (NYSE:NKE) by 34.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 264,666 shares of the footwear maker’s stock after selling 142,033 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in NIKE were worth $20,033,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Wellington Management Group LLP raised its position in shares of NIKE by 32.4% during the 4th quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker’s stock worth $2,749,903,000 after purchasing an additional 8,898,591 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of NIKE by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 25,376,558 shares of the footwear maker’s stock valued at $1,915,110,000 after acquiring an additional 347,178 shares during the last quarter. Capital World Investors lifted its position in shares of NIKE by 10.3% in the fourth quarter. Capital World Investors now owns 24,545,937 shares of the footwear maker’s stock valued at $1,857,389,000 after acquiring an additional 2,288,627 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of NIKE by 18.1% in the fourth quarter. Bank of New York Mellon Corp now owns 20,367,993 shares of the footwear maker’s stock worth $1,541,246,000 after acquiring an additional 3,121,929 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of NIKE during the fourth quarter worth approximately $1,126,288,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on NKE shares. UBS Group lowered their target price on shares of NIKE from $73.00 to $66.00 and set a “neutral” rating on the stock in a research note on Friday, March 21st. Stifel Nicolaus dropped their price objective on shares of NIKE from $75.00 to $64.00 and set a “hold” rating for the company in a research note on Thursday, April 10th. Telsey Advisory Group reissued a “market perform” rating and issued a $80.00 target price on shares of NIKE in a research note on Monday, March 17th. DA Davidson upgraded NIKE to a “strong-buy” rating in a report on Monday, December 23rd. Finally, Jefferies Financial Group raised NIKE from a “hold” rating to a “buy” rating and increased their price target for the company from $75.00 to $115.00 in a report on Monday, February 24th. Sixteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.41.

Insider Activity

In other news, Director Robert Holmes Swan bought 8,600 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 31,983 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Mark G. Parker sold 169,732 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $72.83, for a total value of $12,361,581.56. Following the transaction, the chairman now owns 896,632 shares in the company, valued at $65,301,708.56. This represents a 15.92 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

NIKE Price Performance

Shares of NKE opened at $56.24 on Tuesday. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The firm’s fifty day simple moving average is $68.07 and its 200-day simple moving average is $73.55. The firm has a market capitalization of $83.19 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 2.52 and a beta of 1.15. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $98.04.

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

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were given a dividend of $0.40 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.84%. NIKE’s dividend payout ratio is presently 53.16%.

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.