Oregon Public Employees Retirement Fund Sells 760 Shares of NIKE, Inc. (NYSE:NKE)

Oregon Public Employees Retirement Fund decreased its position in shares of NIKE, Inc. (NYSE:NKE) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102,077 shares of the footwear maker’s stock after selling 760 shares during the period. Oregon Public Employees Retirement Fund’s holdings in NIKE were worth $7,724,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Checchi Capital Advisers LLC increased its position in NIKE by 9.4% during the fourth quarter. Checchi Capital Advisers LLC now owns 8,947 shares of the footwear maker’s stock valued at $677,000 after acquiring an additional 766 shares during the last quarter. Gibraltar Capital Management Inc. increased its position in NIKE by 2.3% during the fourth quarter. Gibraltar Capital Management Inc. now owns 77,510 shares of the footwear maker’s stock valued at $5,865,000 after acquiring an additional 1,744 shares during the last quarter. National Pension Service increased its position in NIKE by 18.2% during the fourth quarter. National Pension Service now owns 2,608,187 shares of the footwear maker’s stock valued at $197,362,000 after acquiring an additional 401,197 shares during the last quarter. Kirtland Hills Capital Management LLC boosted its stake in shares of NIKE by 33.9% during the fourth quarter. Kirtland Hills Capital Management LLC now owns 19,038 shares of the footwear maker’s stock valued at $1,441,000 after purchasing an additional 4,819 shares during the period. Finally, Gray Foundation purchased a new stake in shares of NIKE during the fourth quarter valued at $545,000. Institutional investors own 64.25% of the company’s stock.

Insider Activity at NIKE

In related news, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $72.83, for a total value of $12,361,581.56. Following the completion of the transaction, the chairman now directly owns 896,632 shares of the company’s stock, valued at $65,301,708.56. This trade represents a 15.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John W. Rogers, Jr. acquired 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The stock was bought at an average cost of $76.65 per share, with a total value of $191,625.00. Following the completion of the transaction, the director now directly owns 34,403 shares in the company, valued at $2,636,989.95. The trade was a 7.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by insiders.

NIKE Stock Down 0.7 %

NYSE:NKE opened at $81.17 on Thursday. NIKE, Inc. has a fifty-two week low of $68.62 and a fifty-two week high of $105.57. The stock has a market capitalization of $120.06 billion, a P/E ratio of 25.05, a P/E/G ratio of 2.52 and a beta of 1.01. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The company’s 50-day simple moving average is $74.54 and its 200-day simple moving average is $78.28.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, beating the consensus estimate of $0.63 by $0.15. The firm had revenue of $12.35 billion during the quarter, compared to analyst estimates of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. NIKE’s revenue was down 7.7% on a year-over-year basis. During the same period last year, the firm posted $1.03 EPS. On average, equities analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Monday, March 3rd. NIKE’s payout ratio is currently 49.38%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NKE. Citigroup downgraded shares of NIKE from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $102.00 to $72.00 in a research note on Friday, February 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $84.00 price target on shares of NIKE in a research note on Friday, February 7th. UBS Group reaffirmed a “neutral” rating and issued a $73.00 price target on shares of NIKE in a research note on Thursday, December 26th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of NIKE from $92.00 to $82.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. Finally, BMO Capital Markets raised their price target on shares of NIKE from $92.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Fourteen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $89.77.

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.