NIKE, Inc. $NKE Position Cut by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. trimmed its holdings in NIKE, Inc. (NYSE:NKE) by 20.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 218,921 shares of the footwear maker’s stock after selling 56,886 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in NIKE were worth $13,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Brighton Jones LLC boosted its stake in NIKE by 388.5% during the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock valued at $15,316,000 after purchasing an additional 160,980 shares in the last quarter. Caxton Associates LLP bought a new position in NIKE during the 1st quarter valued at $311,000. United Bank boosted its stake in NIKE by 11.3% during the 2nd quarter. United Bank now owns 17,067 shares of the footwear maker’s stock valued at $1,212,000 after purchasing an additional 1,736 shares in the last quarter. NewEdge Advisors LLC boosted its stake in NIKE by 0.3% during the 2nd quarter. NewEdge Advisors LLC now owns 64,161 shares of the footwear maker’s stock valued at $4,558,000 after purchasing an additional 197 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in NIKE by 6.5% during the 2nd quarter. CIBC Asset Management Inc now owns 191,268 shares of the footwear maker’s stock valued at $13,588,000 after purchasing an additional 11,646 shares in the last quarter. 64.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NKE has been the subject of a number of research reports. Wall Street Zen raised NIKE from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Evercore decreased 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. BTIG Research decreased 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. HSBC lowered NIKE from a “buy” rating to a “hold” rating and decreased their price target for the company from $90.00 to $48.00 in a research note on Monday, April 13th. Finally, China Renaissance decreased their price target on NIKE from $74.60 to $50.30 and set a “hold” rating for the company in a research note on Thursday, April 2nd. Sixteen research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $62.04.

Insiders Place Their Bets

In other NIKE news, Director Robert Holmes Swan bought 11,781 shares of NIKE stock in a transaction dated Tuesday, April 7th. The stock was bought at an average price of $42.44 per share, for a total transaction of $499,985.64. Following the completion of the acquisition, the director directly 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John W. Rogers, Jr. bought 4,000 shares of NIKE stock in a transaction dated Thursday, April 9th. The stock was acquired at an average price of $43.34 per share, with a total value of $173,360.00. Following the acquisition, the director directly owned 41,022 shares of the company’s stock, valued at approximately $1,777,893.48. This represents a 10.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 64,441 shares of company stock worth $2,734,204 over the last three months. Company insiders own 0.80% of the company’s stock.

NIKE Price Performance

Shares of NYSE:NKE opened at $45.93 on Tuesday. NIKE, Inc. has a one year low of $41.35 and a one year high of $80.17. The stock has a fifty day moving average of $45.60 and a 200-day moving average of $56.61. The company has a market capitalization of $68.01 billion, a PE ratio of 30.42, a price-to-earnings-growth ratio of 2.45 and a beta of 1.12. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.45 and a current ratio of 2.14.

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

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be issued a $0.41 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.6%. NIKE’s dividend payout ratio is presently 108.61%.

About NIKE

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).