LaFleur & Godfrey LLC Sells 17,121 Shares of NIKE, Inc. (NYSE:NKE)

LaFleur & Godfrey LLC lowered its position in shares of NIKE, Inc. (NYSE:NKE) by 50.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,028 shares of the footwear maker’s stock after selling 17,121 shares during the quarter. LaFleur & Godfrey LLC’s holdings in NIKE were worth $1,081,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP boosted its position in shares of NIKE by 32.4% during the 4th quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker’s stock worth $2,749,903,000 after purchasing an additional 8,898,591 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of NIKE by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 25,376,558 shares of the footwear maker’s stock worth $1,915,110,000 after purchasing an additional 347,178 shares in the last quarter. Capital World Investors boosted its position in shares of NIKE by 10.3% during the 4th quarter. Capital World Investors now owns 24,545,937 shares of the footwear maker’s stock worth $1,857,389,000 after purchasing an additional 2,288,627 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of NIKE by 18.1% during the 4th quarter. Bank of New York Mellon Corp now owns 20,367,993 shares of the footwear maker’s stock worth $1,541,246,000 after purchasing an additional 3,121,929 shares in the last quarter. Finally, Norges Bank bought a new position in shares of NIKE during the 4th quarter worth about $1,126,288,000. Institutional investors own 64.25% of the company’s stock.

Insider Transactions at NIKE

In other NIKE news, Director Robert Holmes Swan acquired 8,600 shares of NIKE stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the purchase, the director now owns 31,983 shares of the company’s stock, valued at approximately $1,869,726.18. This represents a 36.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on NKE shares. China Renaissance started coverage on shares of NIKE in a research report on Wednesday, March 19th. They set a “hold” rating on the stock. Royal Bank Of Canada cut their price objective on shares of NIKE from $66.00 to $65.00 and set a “sector perform” rating on the stock in a research report on Tuesday, May 20th. Robert W. Baird dropped their price target on shares of NIKE from $105.00 to $99.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. Cfra Research raised shares of NIKE to a “moderate buy” rating in a research report on Friday, March 21st. Finally, UBS Group dropped their price target on shares of NIKE from $73.00 to $66.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Sixteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.74.

NIKE Trading Up 1.7%

Shares of NKE stock opened at $60.81 on Tuesday. The company has a 50 day moving average of $59.89 and a 200-day moving average of $67.82. The company has a quick ratio of 1.52, a current ratio of 2.19 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $98.04. The firm has a market cap of $89.95 billion, a P/E ratio of 20.20, a PEG ratio of 2.11 and a beta of 1.21.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.63%. NIKE’s payout ratio is currently 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.