NIKE, Inc. (NYSE:NKE) Shares Sold by Mission Wealth Management LP

Mission Wealth Management LP lessened its position in NIKE, Inc. (NYSE:NKE) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,727 shares of the footwear maker’s stock after selling 395 shares during the period. Mission Wealth Management LP’s holdings in NIKE were worth $1,493,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NKE. Auxano Advisors LLC grew its stake in NIKE by 5.3% in the 4th quarter. Auxano Advisors LLC now owns 14,585 shares of the footwear maker’s stock worth $1,104,000 after acquiring an additional 733 shares during the period. Grandfield & Dodd LLC boosted its holdings in shares of NIKE by 24.7% during the fourth quarter. Grandfield & Dodd LLC now owns 86,711 shares of the footwear maker’s stock worth $6,561,000 after purchasing an additional 17,168 shares during the last quarter. Gruss & Co. LLC purchased a new stake in shares of NIKE in the fourth quarter valued at $1,892,000. DJE Kapital AG purchased a new stake in NIKE in the 4th quarter valued at about $69,033,000. Finally, SBI Securities Co. Ltd. purchased a new stake in NIKE in the fourth quarter valued at approximately $1,653,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insider Activity

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

NIKE Stock Performance

NKE stock opened at $78.29 on Tuesday. The firm has a market cap of $115.80 billion, a P/E ratio of 24.16, a P/E/G ratio of 2.52 and a beta of 1.01. The stock’s 50 day simple moving average is $74.67 and its 200 day simple moving average is $78.29. 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, Inc. has a 12-month low of $68.62 and a 12-month high of $102.49.

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

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.04%. NIKE’s payout ratio is currently 49.38%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on NKE shares. Stifel Nicolaus decreased their price target 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. Wells Fargo & Company reduced their price objective on NIKE from $95.00 to $92.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Guggenheim reissued a “buy” rating and issued a $110.00 price objective on shares of NIKE in a research report on Wednesday, February 12th. Jefferies Financial Group upgraded shares of NIKE from a “hold” rating to a “buy” rating and lifted their target price for the company from $75.00 to $115.00 in a report on Monday, February 24th. Finally, Royal Bank of Canada decreased their price target on shares of NIKE from $82.00 to $80.00 and set a “sector perform” rating for the company in a research report on Thursday, November 7th. Fourteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, NIKE has a consensus rating of “Moderate Buy” and an average target price 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.