LaFleur & Godfrey LLC Sells 5,243 Shares of NIKE, Inc. (NYSE:NKE)

LaFleur & Godfrey LLC trimmed its holdings in shares of NIKE, Inc. (NYSE:NKE) by 13.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,149 shares of the footwear maker’s stock after selling 5,243 shares during the quarter. LaFleur & Godfrey LLC’s holdings in NIKE were worth $2,584,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Pacer Advisors Inc. boosted its holdings in shares of NIKE by 9.6% in the second quarter. Pacer Advisors Inc. now owns 107,821 shares of the footwear maker’s stock valued at $8,126,000 after purchasing an additional 9,471 shares during the period. Sei Investments Co. raised its position in NIKE by 26.7% during the 2nd quarter. Sei Investments Co. now owns 985,520 shares of the footwear maker’s stock valued at $74,279,000 after purchasing an additional 207,548 shares in the last quarter. Summit Trail Advisors LLC lifted its holdings in shares of NIKE by 23.4% in the 2nd quarter. Summit Trail Advisors LLC now owns 13,699 shares of the footwear maker’s stock worth $1,037,000 after buying an additional 2,594 shares during the period. Westwood Holdings Group Inc. bought a new position in shares of NIKE during the 2nd quarter worth $231,000. Finally, Legacy Financial Advisors Inc. increased its stake in shares of NIKE by 17.0% during the second quarter. Legacy Financial Advisors Inc. now owns 4,812 shares of the footwear maker’s stock valued at $363,000 after buying an additional 698 shares during the period. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NIKE

In other NIKE news, Director John W. Rogers, Jr. acquired 2,500 shares of the company’s stock in a transaction on Friday, December 27th. The shares were bought at an average cost of $76.65 per share, with a total value of $191,625.00. Following the completion of the acquisition, the director now owns 34,403 shares in the company, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

NKE has been the topic of several recent research reports. Stifel Nicolaus dropped their target price on shares of NIKE from $79.00 to $75.00 and set a “hold” rating on the stock in a report on Friday, December 20th. Telsey Advisory Group downgraded shares of NIKE from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $93.00 to $80.00 in a research note on Friday, December 20th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of NIKE from $92.00 to $82.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Evercore ISI lowered their target price on NIKE from $105.00 to $97.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Finally, Morgan Stanley cut their price target on NIKE from $80.00 to $74.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Fourteen 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $89.96.

NIKE Stock Performance

Shares of NKE stock opened at $70.89 on Monday. NIKE, Inc. has a 52-week low of $70.32 and a 52-week high of $107.43. 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 stock has a market cap of $104.85 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02. The business has a 50-day simple moving average of $75.77 and a 200-day simple moving average of $77.94.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.15. The company had revenue of $12.35 billion during the quarter, compared to the consensus estimate of $12.11 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. NIKE’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 earnings per share. On average, equities analysts expect that NIKE, Inc. will post 2.1 EPS for the current year.

NIKE Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.26%. The ex-dividend date was Monday, December 2nd. This is a positive change from NIKE’s previous quarterly dividend of $0.37. NIKE’s dividend payout ratio (DPR) is currently 49.38%.

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.