Fisher Asset Management LLC Sells 31,752 Shares of NIKE, Inc. $NKE

Fisher Asset Management LLC lessened its holdings in NIKE, Inc. (NYSE:NKE) by 7.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 417,639 shares of the footwear maker’s stock after selling 31,752 shares during the quarter. Fisher Asset Management LLC’s holdings in NIKE were worth $26,608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Guerra Advisors Inc bought a new position in NIKE in the 3rd quarter valued at $34,000. Gordian Capital Singapore Pte Ltd bought a new position in NIKE in the 3rd quarter valued at $35,000. Accredited Wealth Management LLC grew its stake in NIKE by 268.6% in the 3rd quarter. Accredited Wealth Management LLC now owns 516 shares of the footwear maker’s stock valued at $36,000 after purchasing an additional 376 shares during the period. Matrix Trust Co grew its stake in NIKE by 43.6% in the 4th quarter. Matrix Trust Co now owns 596 shares of the footwear maker’s stock valued at $38,000 after purchasing an additional 181 shares during the period. Finally, Ares Financial Consulting LLC bought a new position in NIKE in the 4th quarter valued at $40,000. Institutional investors own 64.25% of the company’s stock.

Analyst Ratings Changes

NKE has been the subject of a number of recent analyst reports. Williams Trading reduced their price objective on NIKE from $80.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Stifel Nicolaus cut their price target on NIKE from $65.00 to $56.00 and set a “hold” rating for the company in a research note on Wednesday, April 1st. BTIG Research cut their price target on NIKE from $90.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Evercore cut their price target on NIKE from $69.00 to $57.00 and set an “outperform” rating for the company in a research note on Wednesday, April 1st. Finally, Berenberg Bank reiterated a “neutral” rating on shares of NIKE in a research note on Wednesday, May 6th. Sixteen analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $62.04.

NIKE Stock Up 0.4%

NKE stock opened at $44.85 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.45 and a current ratio of 2.14. The company has a market capitalization of $66.42 billion, a price-to-earnings ratio of 29.70, a PEG ratio of 2.37 and a beta of 1.12. NIKE, Inc. has a fifty-two week low of $41.35 and a fifty-two week high of $80.17. The stock has a fifty day moving average of $46.22 and a 200-day moving average of $57.04.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.06. The company had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.23 billion. NIKE had a return on equity of 16.41% and a net margin of 4.84%.The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.54 EPS. As a group, equities research analysts predict that NIKE, Inc. will post 1.51 earnings per share for the current year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.64 dividend on an annualized basis and a yield of 3.7%. NIKE’s dividend payout ratio is 108.61%.

Insider Buying and Selling

In related news, Director Robert Holmes Swan acquired 11,781 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The shares were acquired at an average price of $42.44 per share, with a total value of $499,985.64. Following the acquisition, the director owned 55,074 shares of the company’s stock, valued at approximately $2,337,340.56. This trade represents a 27.21% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John W. Rogers, Jr. acquired 4,000 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The shares were bought at an average cost of $43.34 per share, for a total transaction of $173,360.00. Following the acquisition, the director directly owned 41,022 shares in the company, valued at $1,777,893.48. This represents a 10.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders acquired 64,441 shares of company stock worth $2,734,204. Company insiders own 0.80% of the company’s stock.

NIKE Profile

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).