Public Employees Retirement Association of Colorado Reduces Position in NIKE, Inc. (NYSE:NKE)

Public Employees Retirement Association of Colorado trimmed its position in NIKE, Inc. (NYSE:NKE) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 159,596 shares of the footwear maker’s stock after selling 8,465 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in NIKE were worth $12,077,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other news, Director Robert Holmes Swan bought 8,600 shares of the firm’s stock in a transaction on Friday, April 4th. The stock was bought at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the acquisition, the director now directly owns 31,983 shares in the company, valued at $1,869,726.18. This represents a 36.78 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Mark G. Parker sold 169,732 shares of the business’s stock in a transaction that occurred on 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 owns 896,632 shares in the company, valued at $65,301,708.56. This represents a 15.92 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

NIKE Price Performance

Shares of NYSE NKE opened at $57.66 on Monday. The business has a 50 day simple moving average of $66.75 and a 200-day simple moving average of $72.88. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $98.04. The company has a market capitalization of $85.29 billion, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 2.52 and a beta of 1.15. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57.

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

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend was Monday, March 3rd. NIKE’s payout ratio is currently 53.16%.

Analyst Ratings Changes

Several analysts recently weighed in on NKE shares. Jefferies Financial Group upgraded shares of NIKE from a “hold” rating to a “buy” rating and lifted their target price for the company from $75.00 to $115.00 in a report on Monday, February 24th. Morgan Stanley lowered their price target on shares of NIKE from $72.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, March 21st. Stifel Nicolaus lowered their target price on shares of NIKE from $75.00 to $64.00 and set a “hold” rating for the company in a report on Thursday, April 10th. Bank of America cut their price target on NIKE from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Cfra Research raised NIKE to a “moderate buy” rating in a report on Friday, March 21st. Sixteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $82.81.

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.