NIKE, Inc. (NYSE:NKE) Shares Sold by Renaissance Investment Group LLC

Renaissance Investment Group LLC lowered its stake in shares of NIKE, Inc. (NYSE:NKE – Get Rating) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,562 shares of the footwear maker’s stock after selling 177 shares during the period. Renaissance Investment Group LLC’s holdings in NIKE were worth $417,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Worth Asset Management LLC purchased a new position in shares of NIKE in the 1st quarter valued at $32,000. Turim 21 Investimentos Ltda. boosted its stake in NIKE by 821.1% in the third quarter. Turim 21 Investimentos Ltda. now owns 350 shares of the footwear maker’s stock valued at $29,000 after acquiring an additional 312 shares during the period. Ameliora Wealth Management Ltd. acquired a new position in NIKE in the third quarter valued at approximately $33,000. MinichMacGregor Wealth Management LLC acquired a new position in shares of NIKE during the fourth quarter worth approximately $45,000. Finally, Heritage Wealth Management LLC acquired a new position in shares of NIKE during the second quarter worth approximately $48,000. Hedge funds and other institutional investors own 63.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on NKE shares. Raymond James upped their price target on NIKE from $99.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, December 21st. The Goldman Sachs Group set a $133.00 price target on NIKE in a report on Monday, January 2nd. Cowen upped their price target on NIKE from $114.00 to $118.00 in a report on Tuesday, November 22nd. Redburn Partners started coverage on NIKE in a report on Thursday. They issued a “sell” rating and a $100.00 price target on the stock. Finally, Sanford C. Bernstein set a $122.00 price target on NIKE in a report on Monday, January 2nd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.66.

NIKE Stock Down 0.2 %

NYSE:NKE traded down $0.26 during trading hours on Friday, reaching $120.39. The company’s stock had a trading volume of 12,868,912 shares, compared to its average volume of 4,992,426. The company has a market cap of $186.67 billion, a price-to-earnings ratio of 33.91, a price-to-earnings-growth ratio of 3.86 and a beta of 1.10. NIKE, Inc. has a one year low of $82.22 and a one year high of $139.86. The business’s 50-day moving average is $123.67 and its 200-day moving average is $109.92. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.69 and a quick ratio of 1.78.

NIKE (NYSE:NKE – Get Rating) last issued its quarterly earnings data on Tuesday, December 20th. The footwear maker reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.20. The firm had revenue of $13.32 billion during the quarter, compared to analysts’ expectations of $12.61 billion. NIKE had a net margin of 11.47% and a return on equity of 36.83%. Equities research analysts predict that NIKE, Inc. will post 3.15 EPS for the current year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Monday, March 6th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Friday, March 3rd. NIKE’s dividend payout ratio is presently 38.31%.

Insider Buying and Selling at NIKE

In other news, Director Peter B. Henry purchased 557 shares of the firm’s stock in a transaction on Tuesday, February 7th. The stock was bought at an average cost of $125.45 per share, for a total transaction of $69,875.65. Following the completion of the acquisition, the director now directly owns 4,062 shares of the company’s stock, valued at $509,577.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Peter B. Henry purchased 557 shares of the firm’s stock in a transaction on Tuesday, February 7th. The stock was bought at an average cost of $125.45 per share, for a total transaction of $69,875.65. Following the completion of the acquisition, the director now directly owns 4,062 shares of the company’s stock, valued at $509,577.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Monique S. Matheson sold 5,000 shares of the company’s stock in a transaction dated Friday, January 6th. The shares were sold at an average price of $124.00, for a total transaction of $620,000.00. Following the sale, the executive vice president now owns 60,213 shares of the company’s stock, valued at $7,466,412. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

About NIKE

(Get Rating)

NIKE, Inc engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America, Europe, Middle East & Africa, Greater China, Asia Pacific & Latin America, Global Brand Divisions, Converse, and Corporate.