NIKE, Inc. (NYSE:NKE) Shares Sold by Peachtree Investment Partners LLC

Peachtree Investment Partners LLC trimmed its holdings in NIKE, Inc. (NYSE:NKE) by 14.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,322 shares of the footwear maker’s stock after selling 1,690 shares during the period. Peachtree Investment Partners LLC’s holdings in NIKE were worth $781,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NKE. Dbs Bank raised shares of NIKE from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Telsey Advisory Group restated a “market perform” rating and set a $80.00 price target on shares of NIKE in a report on Monday, March 17th. Guggenheim reiterated a “buy” rating and issued a $110.00 price objective on shares of NIKE in a report on Wednesday, February 12th. Needham & Company LLC cut their target price on NIKE from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Monday, March 17th. Finally, China Renaissance began coverage on NIKE in a report on Wednesday, March 19th. They set a “hold” rating for the company. Fifteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, NIKE presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.38.

Insider Transactions at NIKE

In related news, Chairman Mark G. Parker sold 169,732 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $72.83, for a total value of $12,361,581.56. Following the sale, the chairman now owns 896,632 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. Also, Director Robert Holmes Swan purchased 8,600 shares of the company’s stock in a transaction on Friday, April 4th. The shares were bought at an average cost of $58.46 per share, with a total value of $502,756.00. Following the transaction, 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 disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.

NIKE Price Performance

Shares of NYSE:NKE opened at $55.62 on Tuesday. NIKE, Inc. has a 52 week low of $52.50 and a 52 week high of $98.04. The company has a 50-day moving average price of $72.55 and a 200 day moving average price of $76.09. The company has a market cap of $82.26 billion, a P/E ratio of 17.17, a PEG ratio of 2.52 and a beta of 1.15. The company has a quick ratio of 1.51, a current ratio of 2.22 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. The business had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period last year, the firm earned $0.98 EPS. Research analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend was Monday, March 3rd. NIKE’s dividend payout ratio (DPR) is 53.16%.

About NIKE

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.