NIKE, Inc. (NYSE:NKE) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its position in NIKE, Inc. (NYSE:NKE) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 288,429 shares of the footwear maker’s stock after selling 13,302 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in NIKE were worth $21,825,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Deane Retirement Strategies Inc. purchased a new position in shares of NIKE in the 4th quarter valued at about $1,915,000. Mayflower Financial Advisors LLC grew its holdings in NIKE by 20.8% in the fourth quarter. Mayflower Financial Advisors LLC now owns 11,642 shares of the footwear maker’s stock valued at $881,000 after purchasing an additional 2,006 shares during the period. Stonegate Investment Group LLC raised its stake in shares of NIKE by 18.5% during the 4th quarter. Stonegate Investment Group LLC now owns 670,616 shares of the footwear maker’s stock worth $50,746,000 after buying an additional 104,786 shares during the period. Vantage Investment Partners LLC raised its stake in shares of NIKE by 6.4% during the 4th quarter. Vantage Investment Partners LLC now owns 460,462 shares of the footwear maker’s stock worth $34,843,000 after buying an additional 27,566 shares during the period. Finally, Verde Servicos Internacionais S.A. lifted its position in shares of NIKE by 88.0% during the 4th quarter. Verde Servicos Internacionais S.A. now owns 117,903 shares of the footwear maker’s stock valued at $8,922,000 after buying an additional 55,202 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. UBS Group restated a “neutral” rating and set a $73.00 price target on shares of NIKE in a research report on Thursday, December 26th. Needham & Company LLC reissued a “buy” rating and set a $84.00 target price on shares of NIKE in a report on Friday, December 20th. Royal Bank of Canada lowered their price target on NIKE from $82.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 7th. Morgan Stanley reduced their price objective on NIKE from $80.00 to $74.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. Finally, Barclays lowered their target price on shares of NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Fourteen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $89.96.

Insider Activity at NIKE

In other news, Director John W. Rogers, Jr. acquired 2,500 shares of the firm’s stock in a transaction dated Friday, December 27th. The stock was acquired at an average cost of $76.65 per share, with a total value of $191,625.00. Following the transaction, the director now owns 34,403 shares in the company, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by company insiders.

NIKE Trading Up 2.2 %

NKE opened at $78.28 on Friday. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The firm has a market cap of $115.79 billion, a P/E ratio of 24.16, a P/E/G ratio of 2.36 and a beta of 1.02. NIKE, Inc. has a 52 week low of $70.32 and a 52 week high of $107.43. The business has a fifty day simple moving average of $75.55 and a 200-day simple moving average of $77.95.

NIKE (NYSE:NKE) last released its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.15. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company had revenue of $12.35 billion during the quarter, compared to the consensus estimate of $12.11 billion. During the same period in the previous year, the company posted $1.03 EPS. NIKE’s revenue was down 7.7% compared to the same quarter last year. On average, equities analysts expect that NIKE, Inc. will post 2.1 earnings per share for the current year.

NIKE Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were paid a $0.40 dividend. This is a boost from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend was Monday, December 2nd. NIKE’s dividend payout ratio (DPR) 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.