Texas Yale Capital Corp. Acquires 2,650 Shares of NIKE, Inc. (NYSE:NKE)

Texas Yale Capital Corp. increased its holdings in shares of NIKE, Inc. (NYSE:NKE) by 1.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 237,763 shares of the footwear maker’s stock after purchasing an additional 2,650 shares during the quarter. NIKE accounts for 0.7% of Texas Yale Capital Corp.’s portfolio, making the stock its 13th biggest position. Texas Yale Capital Corp.’s holdings in NIKE were worth $17,992,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Wellington Management Group LLP increased its stake in shares of NIKE by 32.4% in the 4th quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker’s stock valued at $2,749,903,000 after acquiring an additional 8,898,591 shares during the last quarter. Geode Capital Management LLC grew its holdings in NIKE by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 25,376,558 shares of the footwear maker’s stock valued at $1,915,110,000 after purchasing an additional 347,178 shares during the period. Bank of New York Mellon Corp increased its stake in NIKE by 18.1% in the fourth quarter. Bank of New York Mellon Corp now owns 20,367,993 shares of the footwear maker’s stock valued at $1,541,246,000 after purchasing an additional 3,121,929 shares in the last quarter. Norges Bank acquired a new stake in NIKE in the fourth quarter worth $1,126,288,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of NIKE by 7.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,205,753 shares of the footwear maker’s stock worth $696,599,000 after purchasing an additional 603,219 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NIKE

In other news, Director Robert Holmes Swan bought 8,600 shares of the stock in a transaction dated Friday, April 4th. The shares were bought at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the purchase, the director now owns 31,983 shares in the company, valued at approximately $1,869,726.18. This trade represents a 36.78 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the business’s stock in a transaction 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 completion of the sale, the chairman now owns 896,632 shares of the company’s stock, valued at $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

NIKE Stock Performance

Shares of NYSE NKE opened at $52.95 on Wednesday. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $78.31 billion, a P/E ratio of 16.34, a P/E/G ratio of 2.52 and a beta of 1.15. NIKE, Inc. has a 12 month low of $52.37 and a 12 month high of $98.04. The stock has a 50 day moving average of $71.65 and a 200-day moving average of $75.69.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.26. The firm had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.98 earnings per share. As a group, equities research analysts predict that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were issued a $0.40 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.60 annualized dividend and a yield of 3.02%. NIKE’s dividend payout ratio is currently 53.16%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Citigroup cut shares of NIKE from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $102.00 to $72.00 in a research report on Friday, February 7th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $80.00 price target on shares of NIKE in a research report on Monday, March 17th. Wells Fargo & Company cut their price objective on NIKE from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, March 21st. Needham & Company LLC lowered their target price on NIKE from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Monday, March 17th. Finally, UBS Group reduced their price target on shares of NIKE from $73.00 to $66.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Fifteen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $87.38.

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.