Strategy Asset Managers LLC Sells 512 Shares of NIKE, Inc. (NYSE:NKE)

Strategy Asset Managers LLC reduced its holdings in shares of NIKE, Inc. (NYSE:NKE) by 12.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,493 shares of the footwear maker’s stock after selling 512 shares during the period. Strategy Asset Managers LLC’s holdings in NIKE were worth $264,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Range Financial Group LLC purchased a new stake in shares of NIKE during the fourth quarter valued at $642,000. Cacti Asset Management LLC bought a new stake in NIKE during the 4th quarter valued at about $9,987,000. Capricorn Fund Managers Ltd purchased a new stake in NIKE in the 4th quarter valued at about $5,384,000. Klein Pavlis & Peasley Financial Inc. grew its stake in NIKE by 31.1% in the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 25,835 shares of the footwear maker’s stock worth $1,955,000 after acquiring an additional 6,124 shares in the last quarter. Finally, FNY Investment Advisers LLC increased its position in shares of NIKE by 5,745.9% during the fourth quarter. FNY Investment Advisers LLC now owns 8,652 shares of the footwear maker’s stock worth $654,000 after acquiring an additional 8,504 shares during the period. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman Mark G. Parker sold 169,732 shares of the 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 sale, the chairman now owns 896,632 shares in the company, valued at $65,301,708.56. This represents a 15.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.

NIKE Price Performance

Shares of NKE opened at $63.32 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The company’s fifty day moving average price is $74.16 and its 200-day moving average price is $76.93. NIKE, Inc. has a 1-year low of $63.14 and a 1-year high of $98.04. The firm has a market capitalization of $93.65 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02.

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

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be issued a $0.40 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.60 annualized dividend and a yield of 2.53%. NIKE’s dividend payout ratio (DPR) is presently 53.16%.

Analysts Set New Price Targets

NKE has been the topic of several research analyst reports. UBS Group dropped their price objective on NIKE from $73.00 to $66.00 and set a “neutral” rating on the stock in a research note on Friday, March 21st. JPMorgan Chase & Co. dropped their price target on NIKE from $73.00 to $64.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Robert W. Baird decreased their price objective on NIKE from $105.00 to $99.00 and set an “outperform” rating for the company in a report on Friday, March 21st. DA Davidson upgraded shares of NIKE to a “strong-buy” rating in a report on Monday, December 23rd. Finally, Royal Bank of Canada reduced their price target on shares of NIKE from $67.00 to $66.00 and set a “sector perform” rating for the company in a report on Friday, March 21st. Fifteen investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, NIKE has a consensus rating of “Moderate Buy” and an average price target of $87.38.

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.