NIKE, Inc. (NYSE:NKE) Shares Sold by Dohj LLC

Dohj LLC trimmed its stake in NIKE, Inc. (NYSE:NKE) by 33.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,700 shares of the footwear maker’s stock after selling 2,829 shares during the quarter. Dohj LLC’s holdings in NIKE were worth $619,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. FMR LLC increased its stake in NIKE by 0.7% in the third quarter. FMR LLC now owns 18,502,409 shares of the footwear maker’s stock valued at $1,769,200,000 after purchasing an additional 125,746 shares during the last quarter. Northern Trust Corp increased its stake in NIKE by 4.5% in the third quarter. Northern Trust Corp now owns 15,557,676 shares of the footwear maker’s stock valued at $1,487,625,000 after purchasing an additional 674,198 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in NIKE by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,200,932 shares of the footwear maker’s stock valued at $766,829,000 after purchasing an additional 89,947 shares during the last quarter. Newport Trust Company LLC acquired a new position in NIKE in the third quarter valued at $679,775,000. Finally, Massachusetts Financial Services Co. MA increased its stake in NIKE by 37.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,791,531 shares of the footwear maker’s stock valued at $553,786,000 after purchasing an additional 1,583,541 shares during the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE Stock Up 0.2 %

NYSE NKE traded up $0.18 on Friday, hitting $94.12. 6,115,744 shares of the stock traded hands, compared to its average volume of 9,124,711. The stock has a 50-day moving average of $96.96 and a 200 day moving average of $103.34. NIKE, Inc. has a twelve month low of $88.66 and a twelve month high of $128.68. The company has a market capitalization of $142.06 billion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 1.82 and a beta of 1.08. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. The business had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. As a group, analysts expect that NIKE, Inc. will post 3.73 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend was Friday, March 1st. NIKE’s payout ratio is 43.53%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NKE. HSBC lowered their price target on NIKE from $120.00 to $115.00 and set a “hold” rating for the company in a research report on Monday, January 22nd. Bank of America raised NIKE from a “neutral” rating to a “buy” rating and boosted their price target for the company from $110.00 to $113.00 in a research report on Thursday, April 11th. Royal Bank of Canada reissued a “sector perform” rating and set a $100.00 price target (down previously from $110.00) on shares of NIKE in a research report on Friday, March 22nd. Barclays lowered their price target on NIKE from $142.00 to $114.00 and set an “overweight” rating for the company in a research report on Monday, March 25th. Finally, Jefferies Financial Group lowered their price target on NIKE from $110.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, NIKE has a consensus rating of “Moderate Buy” and a consensus target price of $116.26.

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.