Schechter Investment Advisors LLC Sells 2,700 Shares of NIKE, Inc. (NYSE:NKE)

Schechter Investment Advisors LLC lessened its stake in shares of NIKE, Inc. (NYSE:NKE) by 18.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,741 shares of the footwear maker’s stock after selling 2,700 shares during the quarter. Schechter Investment Advisors LLC’s holdings in NIKE were worth $1,275,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Freedom LLC bought a new stake in NIKE during the 4th quarter valued at $29,000. Impact Partnership Wealth LLC boosted its position in shares of NIKE by 220.7% in the 3rd quarter. Impact Partnership Wealth LLC now owns 263 shares of the footwear maker’s stock worth $25,000 after purchasing an additional 181 shares in the last quarter. Worth Asset Management LLC acquired a new stake in shares of NIKE in the 1st quarter worth $32,000. Gyon Technologies Capital Management LP acquired a new stake in shares of NIKE in the 4th quarter worth $36,000. Finally, VitalStone Financial LLC boosted its position in shares of NIKE by 61.7% in the 2nd quarter. VitalStone Financial LLC now owns 312 shares of the footwear maker’s stock worth $37,000 after purchasing an additional 119 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on NKE. UBS Group reduced their target price on NIKE from $138.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Royal Bank of Canada reiterated a “sector perform” rating and set a $100.00 price objective (down previously from $110.00) on shares of NIKE in a research note on Friday, March 22nd. Telsey Advisory Group reduced their price objective on NIKE from $140.00 to $120.00 and set an “outperform” rating for the company in a research note on Monday, March 18th. Bank of America reduced their price objective on NIKE from $125.00 to $120.00 and set a “neutral” rating for the company in a research note on Monday, March 18th. Finally, BMO Capital Markets lifted their price objective on NIKE from $110.00 to $118.00 and gave the company an “outperform” rating in a research note on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.75.

NIKE Stock Up 1.7 %

Shares of NYSE NKE opened at $94.15 on Thursday. The stock has a market cap of $143.29 billion, a P/E ratio of 27.69, a PEG ratio of 1.74 and a beta of 1.10. 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, Inc. has a 12-month low of $88.66 and a 12-month high of $128.68. The business’s fifty day simple moving average is $101.65 and its 200-day simple moving average is $103.69.

NIKE (NYSE:NKE) last posted its earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, beating the consensus estimate of $0.69 by $0.29. The firm had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. As a group, equities analysts predict that NIKE, Inc. will post 3.7 EPS for the current fiscal year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 4th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Friday, March 1st. NIKE’s payout ratio is 43.53%.

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.