Greenwood Capital Associates LLC Reduces Holdings in NIKE, Inc. $NKE

Greenwood Capital Associates LLC decreased its holdings in shares of NIKE, Inc. (NYSE:NKE) by 2.1% during the second quarter, Holdings Channel.com reports. The fund owned 10,672 shares of the footwear maker’s stock after selling 230 shares during the period. Greenwood Capital Associates LLC’s holdings in NIKE were worth $758,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of NKE. Brighton Jones LLC boosted its position in NIKE by 388.5% in the fourth quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock valued at $15,316,000 after buying an additional 160,980 shares during the last quarter. NBC Securities Inc. boosted its position in NIKE by 109,628.6% in the 1st quarter. NBC Securities Inc. now owns 7,681 shares of the footwear maker’s stock worth $487,000 after purchasing an additional 7,674 shares in the last quarter. Merit Financial Group LLC raised its stake in shares of NIKE by 26.2% during the 1st quarter. Merit Financial Group LLC now owns 10,526 shares of the footwear maker’s stock worth $668,000 after buying an additional 2,187 shares during the period. RFG Advisory LLC raised its stake in shares of NIKE by 11.6% during the 1st quarter. RFG Advisory LLC now owns 9,746 shares of the footwear maker’s stock worth $619,000 after buying an additional 1,011 shares during the period. Finally, Apella Capital LLC raised its stake in shares of NIKE by 47.8% during the 1st quarter. Apella Capital LLC now owns 4,390 shares of the footwear maker’s stock worth $260,000 after buying an additional 1,420 shares during the period. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Mark G. Parker sold 86,078 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $75.93, for a total value of $6,535,902.54. Following the sale, the chairman directly owned 744,988 shares in the company, valued at $56,566,938.84. This trade represents a 10.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.80% of the stock is currently owned by corporate insiders.

NIKE Price Performance

Shares of NYSE NKE opened at $72.01 on Friday. The company has a market capitalization of $106.34 billion, a price-to-earnings ratio of 36.93, a PEG ratio of 2.75 and a beta of 1.29. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $84.76. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.50. The business has a 50-day moving average of $74.62 and a 200-day moving average of $67.31.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Tuesday, September 30th. The footwear maker reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.22. NIKE had a return on equity of 21.16% and a net margin of 6.23%.The firm had revenue of $11.72 billion during the quarter, compared to the consensus estimate of $10.96 billion. During the same quarter in the prior year, the business posted $0.70 earnings per share. NIKE’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Tuesday, September 2nd. NIKE’s dividend payout ratio is presently 82.05%.

Analyst Upgrades and Downgrades

Several research firms recently commented on NKE. Robert W. Baird increased their price objective on NIKE from $80.00 to $88.00 and gave the company an “outperform” rating in a research note on Friday, June 27th. Hsbc Global Res upgraded NIKE from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th. Royal Bank Of Canada upgraded NIKE from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $76.00 to $90.00 in a report on Thursday, September 18th. Stifel Nicolaus set a $68.00 target price on NIKE and gave the company a “hold” rating in a report on Wednesday. Finally, The Goldman Sachs Group set a $85.00 price objective on NIKE and gave the company a “buy” rating in a research note on Thursday, September 25th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $81.57.

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.