Sigma Planning Corp Reduces Stock Position in NIKE, Inc. (NYSE:NKE)

Sigma Planning Corp lessened its stake in shares of NIKE, Inc. (NYSE:NKE) by 45.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,572 shares of the footwear maker’s stock after selling 8,985 shares during the quarter. Sigma Planning Corp’s holdings in NIKE were worth $1,148,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NKE. RFG Advisory LLC boosted its holdings in shares of NIKE by 9.7% in the third quarter. RFG Advisory LLC now owns 6,492 shares of the footwear maker’s stock worth $621,000 after buying an additional 573 shares during the last quarter. Naples Global Advisors LLC boosted its holdings in shares of NIKE by 9.9% in the third quarter. Naples Global Advisors LLC now owns 5,402 shares of the footwear maker’s stock worth $518,000 after buying an additional 486 shares during the last quarter. Capital Investment Advisors LLC boosted its holdings in shares of NIKE by 3.7% in the third quarter. Capital Investment Advisors LLC now owns 18,458 shares of the footwear maker’s stock worth $1,765,000 after buying an additional 652 shares during the last quarter. Impact Partnership Wealth LLC boosted its holdings in shares of NIKE by 220.7% in the third quarter. Impact Partnership Wealth LLC now owns 263 shares of the footwear maker’s stock worth $25,000 after buying an additional 181 shares during the last quarter. Finally, 1900 Wealth Management LLC boosted its holdings in shares of NIKE by 4.6% in the third quarter. 1900 Wealth Management LLC now owns 9,832 shares of the footwear maker’s stock worth $940,000 after buying an additional 429 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on NKE shares. Telsey Advisory Group decreased their target price on shares of NIKE from $140.00 to $120.00 and set an “outperform” rating on the stock in a research note on Monday, March 18th. Robert W. Baird decreased their target price on shares of NIKE from $140.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. HSBC decreased their target price on shares of NIKE from $120.00 to $115.00 and set a “hold” rating on the stock in a research note on Monday, January 22nd. TheStreet cut shares of NIKE from a “b” rating to a “c+” rating in a research note on Tuesday, January 9th. Finally, Sanford C. Bernstein decreased their target price on shares of NIKE from $134.00 to $120.00 and set an “outperform” rating on the stock in a research note 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 issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $116.26.

NIKE Stock Down 0.3 %

NYSE NKE opened at $94.20 on Tuesday. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63. The company has a fifty day moving average of $97.85 and a two-hundred day moving average of $103.46. The firm has a market capitalization of $142.18 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 1.82 and a beta of 1.09. NIKE, Inc. has a 52 week low of $88.66 and a 52 week high of $128.68.

NIKE (NYSE:NKE) last issued its earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.29. The firm had revenue of $12.43 billion during the quarter, compared to analyst estimates of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. On average, analysts predict that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Friday, March 1st. NIKE’s dividend payout ratio (DPR) is presently 43.53%.

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.