NIKE, Inc. (NYSE:NKE) Shares Sold by Cape ANN Savings Bank

Cape ANN Savings Bank lessened its stake in NIKE, Inc. (NYSE:NKE) by 16.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,885 shares of the footwear maker’s stock after selling 786 shares during the period. Cape ANN Savings Bank’s holdings in NIKE were worth $294,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Range Financial Group LLC acquired a new stake in NIKE during the fourth quarter valued at $642,000. Cacti Asset Management LLC purchased a new stake in shares of NIKE during the 4th quarter worth about $9,987,000. Capricorn Fund Managers Ltd acquired a new stake in shares of NIKE during the 4th quarter valued at about $5,384,000. Klein Pavlis & Peasley Financial Inc. increased its stake in shares of NIKE by 31.1% in the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 25,835 shares of the footwear maker’s stock valued at $1,955,000 after purchasing an additional 6,124 shares in the last quarter. Finally, FNY Investment Advisers LLC raised its holdings in NIKE by 5,745.9% in the 4th quarter. FNY Investment Advisers LLC now owns 8,652 shares of the footwear maker’s stock worth $654,000 after purchasing an additional 8,504 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insiders Place Their Bets

In other news, Director John W. Rogers, Jr. acquired 2,500 shares of NIKE stock in a transaction dated Friday, December 27th. The shares were acquired at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the acquisition, the director now owns 34,403 shares of the company’s stock, valued at $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the business’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the transaction, the chairman now owns 896,632 shares of the company’s stock, valued at approximately $65,301,708.56. The trade was a 15.92 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

NIKE Trading Down 0.9 %

NKE opened at $76.50 on Monday. NIKE, Inc. has a one year low of $68.62 and a one year high of $106.62. 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 $113.15 billion, a PE ratio of 23.61, a P/E/G ratio of 2.52 and a beta of 1.01. The business’s 50 day moving average price is $74.31 and its 200 day moving average price is $78.16.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, topping the consensus estimate of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.11 billion. During the same period in the prior year, the business posted $1.03 EPS. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. As a group, equities research analysts expect that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Monday, March 3rd. NIKE’s payout ratio is 49.38%.

Wall Street Analysts Forecast Growth

Several analysts have commented on NKE shares. Deutsche Bank Aktiengesellschaft dropped their price objective on NIKE from $92.00 to $82.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Guggenheim reissued a “buy” rating and issued a $110.00 price target on shares of NIKE in a report on Wednesday, February 12th. Robert W. Baird reduced their price objective on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Monday, December 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $84.00 target price on shares of NIKE in a research report on Friday, February 7th. Finally, Barclays reduced their price target on shares of NIKE from $79.00 to $70.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Fifteen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $88.62.

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.