NIKE, Inc. (NYSE:NKE) Shares Sold by Kozak & Associates Inc.

Kozak & Associates Inc. lowered its position in shares of NIKE, Inc. (NYSE:NKE) by 14.9% during the fourth quarter, HoldingsChannel reports. The firm owned 997 shares of the footwear maker’s stock after selling 175 shares during the period. Kozak & Associates Inc.’s holdings in NIKE were worth $73,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in NKE. Teachers Insurance & Annuity Association of America acquired a new position in shares of NIKE in the third quarter worth about $30,000. VitalStone Financial LLC boosted its position in NIKE by 52.6% during the 3rd quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock valued at $38,000 after purchasing an additional 150 shares during the period. Dunhill Financial LLC increased its position in NIKE by 52.2% in the third quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker’s stock worth $44,000 after buying an additional 169 shares during the period. Strategic Financial Concepts LLC bought a new stake in NIKE in the second quarter valued at $48,000. Finally, Ecofi Investissements SA acquired a new position in shares of NIKE during the second quarter valued at $49,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analysts Set New Price Targets

NKE has been the subject of a number of analyst reports. Sanford C. Bernstein reduced their price target on NIKE from $112.00 to $109.00 and set an “outperform” rating for the company in a research report on Thursday, September 19th. Deutsche Bank Aktiengesellschaft lowered 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. Wells Fargo & Company decreased their target price on NIKE from $95.00 to $92.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. TD Cowen cut their target price on shares of NIKE from $78.00 to $73.00 and set a “hold” rating for the company in a research note on Monday, November 18th. Finally, Daiwa America lowered shares of NIKE from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Fifteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $89.58.

Insider Buying and Selling

In other news, Director John W. Rogers, Jr. acquired 2,500 shares of NIKE stock in a transaction on Friday, December 27th. The shares were purchased at an average price of $76.65 per share, with a total value of $191,625.00. Following the acquisition, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by corporate insiders.

NIKE Stock Performance

Shares of NYSE:NKE traded down $0.85 during trading on Monday, hitting $72.46. 9,010,157 shares of the stock were exchanged, compared to its average volume of 9,801,060. The company has a market capitalization of $108.64 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 1.89 and a beta of 1.02. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 2.36. NIKE, Inc. has a 1-year low of $70.75 and a 1-year high of $107.43. The company’s fifty day simple moving average is $76.91 and its 200-day simple moving average is $79.09.

NIKE (NYSE:NKE) last issued its earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, beating the consensus estimate of $0.63 by $0.15. The company had revenue of $12.35 billion for the quarter, compared to the consensus estimate of $12.11 billion. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 EPS. Sell-side analysts expect that NIKE, Inc. will post 2.72 EPS for the current fiscal year.

NIKE Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were given 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 annualized dividend and a yield of 2.21%. NIKE’s payout ratio is presently 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.