NIKE, Inc. (NYSE:NKE) Shares Sold by Tenere Capital LLC

Tenere Capital LLC trimmed its position in shares of NIKE, Inc. (NYSE:NKE) by 23.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 185,562 shares of the footwear maker’s stock after selling 56,161 shares during the period. NIKE makes up about 3.7% of Tenere Capital LLC’s holdings, making the stock its 13th largest holding. Tenere Capital LLC’s holdings in NIKE were worth $14,041,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in NIKE during the 4th quarter worth approximately $28,000. Caitlin John LLC boosted its holdings in shares of NIKE by 117.0% in the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock valued at $28,000 after acquiring an additional 200 shares during the period. Roxbury Financial LLC acquired a new stake in shares of NIKE during the fourth quarter worth about $30,000. LFA Lugano Financial Advisors SA grew its stake in shares of NIKE by 110.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock valued at $30,000 after purchasing an additional 210 shares during the last quarter. Finally, Hopwood Financial Services Inc. purchased a new stake in shares of NIKE during the fourth quarter worth approximately $30,000. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE Stock Performance

Shares of NKE stock opened at $57.09 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The stock has a market capitalization of $84.44 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 2.52 and a beta of 1.15. NIKE, Inc. has a one year low of $52.28 and a one year high of $98.04. The company’s 50-day simple moving average is $67.75 and its 200-day simple moving average is $73.44.

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

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.80%. NIKE’s payout ratio is currently 53.16%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NKE. UBS Group cut their price target on shares of NIKE from $73.00 to $66.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Robert W. Baird lowered their price target on NIKE from $105.00 to $99.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. Cfra Research upgraded NIKE to a “moderate buy” rating in a research report on Friday, March 21st. Berenberg Bank initiated coverage on NIKE in a research note on Tuesday, April 15th. They set a “hold” rating and a $58.00 price target for the company. Finally, Wells Fargo & Company dropped their target price on shares of NIKE from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, March 21st. Sixteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $83.19.

Insider Activity

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the sale, the chairman now directly owns 896,632 shares in the company, valued at approximately $65,301,708.56. The trade was a 15.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Holmes Swan acquired 8,600 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the purchase, the director now directly owns 31,983 shares of the company’s stock, valued at approximately $1,869,726.18. This trade represents a 36.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.

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.