NIKE, Inc. (NYSE:NKE) Shares Sold by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC lowered its holdings in NIKE, Inc. (NYSE:NKE) by 7.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,077 shares of the footwear maker’s stock after selling 261 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in NIKE were worth $233,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Allworth Financial LP grew its position in NIKE by 20.9% during the third quarter. Allworth Financial LP now owns 12,431 shares of the footwear maker’s stock valued at $1,099,000 after buying an additional 2,148 shares during the period. NorthCrest Asset Manangement LLC grew its position in NIKE by 12.8% during the third quarter. NorthCrest Asset Manangement LLC now owns 3,378 shares of the footwear maker’s stock valued at $299,000 after buying an additional 383 shares during the period. Modera Wealth Management LLC grew its position in NIKE by 8.8% during the third quarter. Modera Wealth Management LLC now owns 8,983 shares of the footwear maker’s stock valued at $794,000 after buying an additional 727 shares during the period. Carret Asset Management LLC grew its position in NIKE by 16.4% during the third quarter. Carret Asset Management LLC now owns 5,400 shares of the footwear maker’s stock valued at $477,000 after buying an additional 760 shares during the period. Finally, J.W. Cole Advisors Inc. grew its position in NIKE by 7.7% during the third quarter. J.W. Cole Advisors Inc. now owns 12,029 shares of the footwear maker’s stock valued at $1,063,000 after buying an additional 858 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Activity

In other news, Chairman Mark G. Parker sold 169,732 shares of the business’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 sale, the chairman now directly owns 896,632 shares of the company’s stock, valued at approximately $65,301,708.56. The trade was a 15.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John W. Rogers, Jr. bought 2,500 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The shares were acquired at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the purchase, the director now owns 34,403 shares in the company, valued at $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on NKE shares. Stifel Nicolaus dropped their price target on shares of NIKE from $79.00 to $75.00 and set a “hold” rating on the stock in a research report on Friday, December 20th. Royal Bank of Canada dropped their target price on shares of NIKE from $82.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 7th. BMO Capital Markets lifted their target price on shares of NIKE from $92.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. UBS Group reiterated a “neutral” rating and issued a $73.00 target price on shares of NIKE in a research report on Thursday, December 26th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $84.00 target price on shares of NIKE in a research report on Friday, February 7th. Fourteen 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 company’s stock. Based on data from MarketBeat.com, NIKE currently has an average rating of “Moderate Buy” and a consensus target price of $89.77.

NIKE Price Performance

Shares of NKE stock opened at $80.32 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The firm’s 50-day moving average is $74.37 and its two-hundred day moving average is $78.21. NIKE, Inc. has a 12 month low of $68.62 and a 12 month high of $106.10. The company has a market capitalization of $118.80 billion, a PE ratio of 24.79, a price-to-earnings-growth ratio of 2.52 and a beta of 1.01.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.15. The business had revenue of $12.35 billion for the quarter, compared to the consensus estimate of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The business’s revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 EPS. Analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE’s dividend payout ratio (DPR) is 49.38%.

NIKE Company 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.