Baillie Gifford & Co. Sells 2,479 Shares of NIKE, Inc. (NYSE:NKE)

Baillie Gifford & Co. decreased its stake in NIKE, Inc. (NYSE:NKE) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 180,351 shares of the footwear maker’s stock after selling 2,479 shares during the quarter. Baillie Gifford & Co.’s holdings in NIKE were worth $13,647,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of NKE. Strategic Advisors LLC raised its stake in shares of NIKE by 12.6% in the fourth quarter. Strategic Advisors LLC now owns 4,193 shares of the footwear maker’s stock valued at $317,000 after acquiring an additional 469 shares during the period. Sierra Ocean LLC purchased a new stake in NIKE in the 4th quarter worth about $195,000. Valmark Advisers Inc. lifted its stake in NIKE by 71.5% in the fourth quarter. Valmark Advisers Inc. now owns 25,804 shares of the footwear maker’s stock worth $1,953,000 after purchasing an additional 10,757 shares during the last quarter. L.M. Kohn & Company boosted its position in shares of NIKE by 1.8% during the fourth quarter. L.M. Kohn & Company now owns 9,188 shares of the footwear maker’s stock valued at $695,000 after buying an additional 160 shares during the period. Finally, Game Plan Financial Advisors LLC grew its stake in shares of NIKE by 11.1% during the fourth quarter. Game Plan Financial Advisors LLC now owns 1,500 shares of the footwear maker’s stock valued at $114,000 after buying an additional 150 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NKE. TD Cowen decreased their price target on NIKE from $78.00 to $73.00 and set a “hold” rating for the company in a research note on Monday, November 18th. Guggenheim reissued a “buy” rating and set a $110.00 target price on shares of NIKE in a research note on Wednesday, February 12th. Robert W. Baird reduced their price target on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Monday, December 23rd. JPMorgan Chase & Co. lowered their price objective on shares of NIKE from $77.00 to $73.00 and set a “neutral” rating for the company in a research report on Monday, December 2nd. Finally, Barclays reduced their target price on shares of NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Fifteen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $88.62.

NIKE Price Performance

Shares of NKE opened at $73.02 on Tuesday. The company has a 50 day moving average of $74.46 and a two-hundred day moving average of $78.05. The company has a market cap of $108.00 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 2.34 and a beta of 1.01. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a twelve month low of $68.62 and a twelve month high of $107.34.

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

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.19%. NIKE’s dividend payout ratio (DPR) is currently 49.38%.

Insider Activity at NIKE

In related news, Director John W. Rogers, Jr. purchased 2,500 shares of the business’s stock in a transaction on Friday, December 27th. The shares were acquired at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the purchase, the director now owns 34,403 shares of the company’s stock, valued at $2,636,989.95. This trade represents a 7.84 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by insiders.

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.