US Bancorp DE Sells 86,114 Shares of NIKE, Inc. (NYSE:NKE)

US Bancorp DE trimmed its holdings in NIKE, Inc. (NYSE:NKE) by 8.4% in the 4th quarter, Holdings Channel reports. The fund owned 937,576 shares of the footwear maker’s stock after selling 86,114 shares during the quarter. US Bancorp DE’s holdings in NIKE were worth $70,947,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of NKE. Teachers Insurance & Annuity Association of America bought a new position in shares of NIKE during the third quarter valued at approximately $30,000. Caitlin John LLC boosted its position in shares of NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 200 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of NIKE in the 4th quarter worth approximately $28,000. Roxbury Financial LLC bought a new position in NIKE during the 4th quarter valued at approximately $30,000. Finally, BankPlus Trust Department purchased a new position in NIKE during the fourth quarter valued at $34,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Chairman Mark G. Parker sold 169,732 shares of the business’s stock in a transaction dated 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 directly owns 896,632 shares in the company, valued at $65,301,708.56. The trade was a 15.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John W. Rogers, Jr. acquired 2,500 shares of the company’s stock in a transaction dated Friday, December 27th. The stock was acquired at an average cost of $76.65 per share, with a total value of $191,625.00. Following the purchase, the director now owns 34,403 shares of the company’s stock, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by insiders.

NIKE Stock Down 0.7 %

NYSE NKE opened at $79.43 on Friday. NIKE, Inc. has a 52 week low of $68.62 and a 52 week high of $105.57. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $117.49 billion, a P/E ratio of 24.52, a price-to-earnings-growth ratio of 2.52 and a beta of 1.01. The stock’s 50-day moving average price is $74.64 and its 200-day moving average price is $78.32.

NIKE (NYSE:NKE) last released its earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company had revenue of $12.35 billion for the quarter, compared to analysts’ expectations of $12.11 billion. During the same quarter last year, the business earned $1.03 EPS. The firm’s revenue was down 7.7% compared to the same quarter last year. On average, equities research analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE’s dividend payout ratio (DPR) is 49.38%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Telsey Advisory Group restated a “market perform” rating and set a $80.00 price target on shares of NIKE in a report on Wednesday, February 19th. Royal Bank of Canada reduced their price objective on shares of NIKE from $82.00 to $80.00 and set a “sector perform” rating for the company in a research note on Thursday, November 7th. Evercore ISI dropped their target price on shares of NIKE from $105.00 to $97.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Jefferies Financial Group raised shares of NIKE from a “hold” rating to a “buy” rating and raised their price target for the company from $75.00 to $115.00 in a research report on Monday, February 24th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $73.00 price objective on shares of NIKE in a research report on Thursday, December 26th. Fourteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $89.77.

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.