Oppenheimer Asset Management Inc. Sells 17,279 Shares of NIKE, Inc. (NYSE:NKE)

Oppenheimer Asset Management Inc. cut its position in shares of NIKE, Inc. (NYSE:NKE) by 9.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 160,208 shares of the footwear maker’s stock after selling 17,279 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in NIKE were worth $12,123,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NKE. Kovack Advisors Inc. grew its stake in NIKE by 20.3% during the fourth quarter. Kovack Advisors Inc. now owns 8,323 shares of the footwear maker’s stock valued at $630,000 after acquiring an additional 1,403 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co raised its position in shares of NIKE by 7.8% during the 4th quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 5,899 shares of the footwear maker’s stock valued at $446,000 after buying an additional 426 shares in the last quarter. Harfst & Associates Inc. lifted its holdings in shares of NIKE by 0.8% during the 4th quarter. Harfst & Associates Inc. now owns 25,281 shares of the footwear maker’s stock worth $1,913,000 after acquiring an additional 189 shares during the last quarter. Nwam LLC grew its position in NIKE by 2.9% in the fourth quarter. Nwam LLC now owns 6,318 shares of the footwear maker’s stock worth $478,000 after acquiring an additional 176 shares in the last quarter. Finally, Cable Hill Partners LLC increased its stake in NIKE by 22.2% in the fourth quarter. Cable Hill Partners LLC now owns 41,230 shares of the footwear maker’s stock valued at $3,136,000 after acquiring an additional 7,479 shares during the last quarter. 64.25% of the stock is owned by institutional investors.

Insider Transactions at NIKE

In other news, Chairman Mark G. Parker sold 169,732 shares of the company’s stock in a transaction dated 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 directly owns 896,632 shares of the company’s stock, valued at $65,301,708.56. This represents a 15.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John W. Rogers, Jr. purchased 2,500 shares of the stock in a transaction that occurred on Friday, December 27th. The shares were acquired at an average cost of $76.65 per share, with a total value of $191,625.00. Following the completion of the transaction, the director now owns 34,403 shares in the company, valued at $2,636,989.95. This trade represents a 7.84 % 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 Stock Performance

NYSE:NKE opened at $79.86 on Friday. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The firm’s fifty day simple moving average is $74.59 and its 200 day simple moving average is $78.29. The stock has a market cap of $118.13 billion, a P/E ratio of 24.65, a price-to-earnings-growth ratio of 2.52 and a beta of 1.01. NIKE, Inc. has a twelve month low of $68.62 and a twelve month high of $105.57.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the firm posted $1.03 EPS. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. As a group, research analysts predict that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.00%. NIKE’s dividend payout ratio (DPR) is 49.38%.

Analyst Ratings Changes

Several brokerages have issued reports on NKE. Evercore ISI dropped their price target on NIKE from $105.00 to $97.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Wells Fargo & Company dropped their target price on NIKE from $95.00 to $92.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Bank of America reduced their price target on shares of NIKE from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Morgan Stanley decreased their price target on shares of NIKE from $80.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Finally, Stifel Nicolaus cut their price objective on shares of NIKE from $79.00 to $75.00 and set a “hold” rating for the company in a research note on Friday, December 20th. Fourteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, NIKE currently has an average rating of “Moderate Buy” and a consensus price target of $89.77.

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.