NIKE, Inc. (NYSE:NKE) Shares Sold by NS Partners Ltd

NS Partners Ltd lowered its stake in NIKE, Inc. (NYSE:NKE) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 235,892 shares of the footwear maker’s stock after selling 2,090 shares during the quarter. NS Partners Ltd’s holdings in NIKE were worth $17,850,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Teachers Insurance & Annuity Association of America bought a new position in NIKE during the 3rd quarter worth approximately $30,000. Caitlin John LLC lifted its holdings in NIKE by 117.0% during the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock worth $28,000 after buying an additional 200 shares during the last quarter. Heck Capital Advisors LLC bought a new position in NIKE during the 4th quarter worth approximately $28,000. Roxbury Financial LLC bought a new position in NIKE during the 4th quarter worth approximately $30,000. Finally, BankPlus Trust Department bought a new position in NIKE during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Wall Street Analyst Weigh In

NKE has been the topic of several recent research reports. Bank of America cut their price target on NIKE from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, December 20th. UBS Group reissued a “neutral” rating and issued a $73.00 price target on shares of NIKE in a report on Thursday, December 26th. Needham & Company LLC reissued a “buy” rating and issued a $84.00 price target on shares of NIKE in a report on Friday, February 7th. Guggenheim reissued a “buy” rating and issued a $110.00 price target on shares of NIKE in a report on Wednesday, February 12th. Finally, Wells Fargo & Company lowered their target price on NIKE from $95.00 to $92.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Fourteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, NIKE currently has a consensus rating of “Moderate Buy” and an average price target of $89.77.

Insiders Place Their Bets

In other NIKE news, Director John W. Rogers, Jr. acquired 2,500 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The stock was acquired at an average price of $76.65 per share, with a total value of $191,625.00. Following the transaction, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Mark G. Parker sold 169,732 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $72.83, for a total value of $12,361,581.56. Following the completion of the transaction, the chairman now directly owns 896,632 shares of the company’s stock, valued at approximately $65,301,708.56. This trade represents a 15.92 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

NIKE Stock Performance

Shares of NIKE stock opened at $78.68 on Friday. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 12 month low of $68.62 and a 12 month high of $102.49. The business has a fifty day simple moving average of $74.76 and a 200-day simple moving average of $78.21. The stock has a market cap of $116.38 billion, a PE ratio of 24.28, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02.

NIKE (NYSE:NKE) last issued its earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $12.11 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. On average, sell-side analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be given a $0.40 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.03%. NIKE’s dividend payout ratio is currently 49.38%.

NIKE 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.