NIKE, Inc. (NYSE:NKE) Shares Sold by Ironwood Investment Counsel LLC

Ironwood Investment Counsel LLC decreased its holdings in shares of NIKE, Inc. (NYSE:NKE) by 3.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 6,626 shares of the footwear maker’s stock after selling 269 shares during the period. Ironwood Investment Counsel LLC’s holdings in NIKE were worth $586,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Cetera Investment Advisers grew its position in shares of NIKE by 144.5% during the first quarter. Cetera Investment Advisers now owns 215,631 shares of the footwear maker’s stock worth $20,265,000 after acquiring an additional 127,449 shares during the last quarter. Cetera Advisors LLC increased its stake in shares of NIKE by 85.5% in the first quarter. Cetera Advisors LLC now owns 88,299 shares of the footwear maker’s stock valued at $8,298,000 after purchasing an additional 40,704 shares during the period. Transcend Capital Advisors LLC raised its holdings in shares of NIKE by 9.6% during the second quarter. Transcend Capital Advisors LLC now owns 12,229 shares of the footwear maker’s stock valued at $922,000 after buying an additional 1,067 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of NIKE by 50.4% during the second quarter. GAMMA Investing LLC now owns 16,473 shares of the footwear maker’s stock worth $1,242,000 after buying an additional 5,521 shares during the period. Finally, Hudson Valley Investment Advisors Inc. ADV grew its holdings in NIKE by 19.5% in the 2nd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 8,299 shares of the footwear maker’s stock worth $625,000 after buying an additional 1,356 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on NKE shares. Sanford C. Bernstein cut their target price on NIKE from $112.00 to $109.00 and set an “outperform” rating on the stock in a research note on Thursday, September 19th. Guggenheim cut their price objective on shares of NIKE from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of NIKE from $95.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, October 2nd. Barclays lowered their target price on shares of NIKE from $84.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 2nd. Finally, Morgan Stanley upped their price target on shares of NIKE from $79.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $95.86.

NIKE Stock Up 0.5 %

Shares of NIKE stock opened at $78.77 on Friday. The company has a current ratio of 2.36, a quick ratio of 1.58 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 1 year low of $70.75 and a 1 year high of $123.39. The stock has a 50-day moving average price of $80.18 and a 200 day moving average price of $82.17. The company has a market cap of $118.10 billion, a P/E ratio of 22.57, a P/E/G ratio of 1.90 and a beta of 1.03.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Tuesday, October 1st. The footwear maker reported $0.70 EPS 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%. The firm’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same period last year, the company posted $0.94 earnings per share. As a group, analysts expect that NIKE, Inc. will post 2.75 EPS for the current fiscal year.

NIKE Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This is an increase from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.03%. NIKE’s dividend payout ratio is 45.85%.

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.