NIKE, Inc. (NYSE:NKE) Shares Sold by Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC lessened its position in NIKE, Inc. (NYSE:NKE) by 4.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,952 shares of the footwear maker’s stock after selling 600 shares during the quarter. Baker Ellis Asset Management LLC’s holdings in NIKE were worth $759,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NKE. Heck Capital Advisors LLC purchased a new position in NIKE during the fourth quarter worth approximately $28,000. Roxbury Financial LLC purchased a new stake in NIKE in the fourth quarter valued at $30,000. LFA Lugano Financial Advisors SA raised its position in NIKE by 110.5% in the fourth 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 period. Hopwood Financial Services Inc. purchased a new stake in NIKE in the fourth quarter valued at $30,000. Finally, EnRich Financial Partners LLC raised its position in NIKE by 196.4% in the fourth quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker’s stock valued at $31,000 after purchasing an additional 273 shares during the period. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insider Transactions at NIKE

In other news, Director Robert Holmes Swan acquired 8,600 shares of the business’s stock in a transaction on Friday, April 4th. The shares were purchased at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the purchase, the director now directly owns 31,983 shares of the company’s stock, valued at $1,869,726.18. This represents a 36.78% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NKE shares. Guggenheim reiterated a “buy” rating and issued a $110.00 price objective on shares of NIKE in a report on Wednesday, February 12th. Telsey Advisory Group lowered their price objective on NIKE from $80.00 to $70.00 and set a “market perform” rating for the company in a research report on Tuesday, May 6th. Dbs Bank raised NIKE from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Robert W. Baird reduced their target price on NIKE from $105.00 to $99.00 and set an “outperform” rating for the company in a report on Friday, March 21st. Finally, Bank of America reduced their price objective on NIKE from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Seventeen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $80.26.

NIKE Trading Down 1.1%

Shares of NKE opened at $63.15 on Thursday. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $98.04. The firm has a market capitalization of $93.41 billion, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 2.52 and a beta of 1.21. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The stock’s fifty day simple moving average is $59.09 and its 200 day simple moving average is $68.97.

NIKE (NYSE:NKE) last issued its 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 firm had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $11.02 billion. During the same quarter last year, the firm earned $0.98 earnings per share. The firm’s revenue for the quarter was down 9.1% compared to the same quarter last year. On average, equities research analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.53%. The ex-dividend date is Monday, June 2nd. NIKE’s dividend payout ratio (DPR) is presently 53.16%.

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.