NIKE, Inc. (NYSE:NKE) Shares Sold by Central Valley Advisors LLC

Central Valley Advisors LLC cut its stake in shares of NIKE, Inc. (NYSE:NKE) by 6.8% in the 4th quarter, Holdings Channel reports. The firm owned 3,359 shares of the footwear maker’s stock after selling 247 shares during the quarter. Central Valley Advisors LLC’s holdings in NIKE were worth $254,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mercer Global Advisors Inc. ADV grew its position in shares of NIKE by 1.3% during the second quarter. Mercer Global Advisors Inc. ADV now owns 376,060 shares of the footwear maker’s stock worth $28,344,000 after acquiring an additional 4,790 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in NIKE by 7.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 103,575 shares of the footwear maker’s stock worth $7,734,000 after purchasing an additional 6,962 shares during the last quarter. Blair William & Co. IL increased its stake in shares of NIKE by 0.3% in the second quarter. Blair William & Co. IL now owns 381,012 shares of the footwear maker’s stock valued at $28,717,000 after purchasing an additional 1,206 shares during the period. Marathon Trading Investment Management LLC raised its holdings in shares of NIKE by 20.6% during the second quarter. Marathon Trading Investment Management LLC now owns 4,100 shares of the footwear maker’s stock valued at $309,000 after buying an additional 700 shares during the last quarter. Finally, Brighton Jones LLC boosted its position in shares of NIKE by 10.0% during the second quarter. Brighton Jones LLC now owns 223,044 shares of the footwear maker’s stock worth $16,811,000 after buying an additional 20,353 shares during the period. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NIKE

In related news, Director John W. Rogers, Jr. acquired 2,500 shares of the company’s stock in a transaction on Friday, December 27th. The shares were purchased at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the purchase, the director now owns 34,403 shares in the company, valued at $2,636,989.95. This represents a 7.84 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by insiders.

NIKE Trading Up 0.1 %

NIKE stock opened at $71.11 on Friday. NIKE, Inc. has a 52 week low of $70.32 and a 52 week high of $107.43. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The firm has a market capitalization of $105.18 billion, a price-to-earnings ratio of 21.95, a P/E/G ratio of 2.26 and a beta of 1.02. The company has a 50 day moving average price of $75.97 and a 200 day moving average price of $78.01.

NIKE (NYSE:NKE) last issued its earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, topping the consensus estimate of $0.63 by $0.15. The business had revenue of $12.35 billion during the quarter, compared to analysts’ expectations of $12.11 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. NIKE’s revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 earnings per share. Research analysts forecast that NIKE, Inc. will post 2.1 EPS for the current year.

NIKE Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were issued a $0.40 dividend. This is an increase from NIKE’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.25%. NIKE’s dividend payout ratio is currently 49.38%.

Analysts Set New Price Targets

NKE has been the topic of several analyst reports. Evercore ISI lowered their target price on NIKE from $105.00 to $97.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Sanford C. Bernstein lowered their price target on NIKE from $112.00 to $109.00 and set an “outperform” rating on the stock in a report on Thursday, September 19th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of NIKE from $92.00 to $82.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. Needham & Company LLC reiterated a “buy” rating and issued a $84.00 target price on shares of NIKE in a research report on Friday, December 20th. Finally, Telsey Advisory Group downgraded shares of NIKE from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $93.00 to $80.00 in a research report on Friday, December 20th. Fourteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $89.96.

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.