Geo Capital Gestora de Recursos Ltd Lowers Stock Holdings in NIKE, Inc. (NYSE:NKE)

Geo Capital Gestora de Recursos Ltd reduced its position in NIKE, Inc. (NYSE:NKE) by 42.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 34,895 shares of the footwear maker’s stock after selling 25,474 shares during the period. NIKE comprises approximately 3.4% of Geo Capital Gestora de Recursos Ltd’s holdings, making the stock its 13th biggest holding. Geo Capital Gestora de Recursos Ltd’s holdings in NIKE were worth $2,641,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Plancorp LLC grew its stake in NIKE by 13.6% in the 4th quarter. Plancorp LLC now owns 9,616 shares of the footwear maker’s stock worth $728,000 after acquiring an additional 1,148 shares during the period. Mizuho Securities USA LLC grew its stake in NIKE by 44.8% in the 4th quarter. Mizuho Securities USA LLC now owns 112,842 shares of the footwear maker’s stock worth $8,539,000 after acquiring an additional 34,934 shares during the period. Virtu Financial LLC purchased a new stake in NIKE in the 4th quarter worth approximately $5,643,000. Lee Danner & Bass Inc. grew its stake in NIKE by 39.2% in the 4th quarter. Lee Danner & Bass Inc. now owns 64,326 shares of the footwear maker’s stock worth $4,868,000 after acquiring an additional 18,099 shares during the period. Finally, Holderness Investments Co. grew its stake in NIKE by 2.5% in the 4th quarter. Holderness Investments Co. now owns 17,185 shares of the footwear maker’s stock worth $1,300,000 after acquiring an additional 420 shares during the period. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Stock Performance

Shares of NIKE stock opened at $68.02 on Friday. The firm has a market cap of $100.60 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. The firm’s 50-day simple moving average is $74.70 and its 200-day simple moving average is $77.46. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. NIKE, Inc. has a 1 year low of $65.17 and a 1 year high of $98.04.

NIKE (NYSE:NKE) last issued its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.26. The business had revenue of $11.27 billion for the quarter, compared to analyst estimates of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.98 EPS. Equities analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders 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 dividend yield of 2.35%. NIKE’s dividend payout ratio (DPR) is presently 49.38%.

Insider Activity

In other NIKE news, Director John W. Rogers, Jr. bought 2,500 shares of the business’s stock in a transaction on Friday, December 27th. The shares were purchased at an average price of $76.65 per share, with a total value of $191,625.00. Following the completion of the acquisition, the director now directly owns 34,403 shares of the company’s stock, valued at approximately $2,636,989.95. The trade was a 7.84 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the firm’s stock in a transaction dated 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 completion of the transaction, 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 disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NKE. JPMorgan Chase & Co. lowered their price objective on shares of NIKE from $73.00 to $64.00 and set a “neutral” rating for the company in a research note on Friday. Jefferies Financial Group raised shares of NIKE from a “hold” rating to a “buy” rating and boosted their price objective for the company from $75.00 to $115.00 in a research note on Monday, February 24th. Telsey Advisory Group reissued a “market perform” rating and set a $80.00 price objective on shares of NIKE in a research note on Monday, March 17th. Morgan Stanley lowered their price objective on shares of NIKE from $72.00 to $70.00 and set an “equal weight” rating for the company in a research note on Friday. Finally, UBS Group lowered their price objective on shares of NIKE from $73.00 to $66.00 and set a “neutral” rating for the company in a research note on Friday. Fifteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $87.38.

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.