NIKE, Inc. (NYSE:NKE) Shares Sold by TRUE Private Wealth Advisors

TRUE Private Wealth Advisors lessened its holdings in NIKE, Inc. (NYSE:NKE) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,287 shares of the footwear maker’s stock after selling 380 shares during the quarter. TRUE Private Wealth Advisors’ holdings in NIKE were worth $930,000 at the end of the most recent quarter.

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

Insider Activity

In related news, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the sale, the chairman now directly owns 896,632 shares in the company, valued at $65,301,708.56. This represents a 15.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Holmes Swan acquired 8,600 shares of the business’s stock in a transaction on Friday, April 4th. The stock was acquired at an average price of $58.46 per share, with a total value of $502,756.00. Following the transaction, the director now owns 31,983 shares in the company, valued at approximately $1,869,726.18. The trade was a 36.78 % increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is owned by corporate insiders.

NIKE Price Performance

Shares of NKE stock opened at $52.95 on Wednesday. NIKE, Inc. has a 12 month low of $52.37 and a 12 month high of $98.04. The company has a market capitalization of $78.31 billion, a P/E ratio of 16.34, a P/E/G ratio of 2.52 and a beta of 1.15. The stock has a 50 day moving average of $71.65 and a two-hundred day moving average of $75.69. The company has a current ratio of 2.22, a quick ratio of 1.51 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.26. The firm had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The business’s revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.98 earnings per share. As a group, equities analysts expect that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.02%. NIKE’s payout ratio is presently 53.16%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NKE. Bank of America lowered their price target on NIKE from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Stifel Nicolaus reiterated a “hold” rating and set a $75.00 price objective on shares of NIKE in a research note on Friday, April 4th. Wells Fargo & Company cut their target price on NIKE from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, March 21st. Robert W. Baird lowered their price target on NIKE from $105.00 to $99.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. Finally, Royal Bank of Canada cut their price objective on NIKE from $67.00 to $66.00 and set a “sector perform” rating for the company in a report on Friday, March 21st. Fifteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.38.

NIKE Company 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.