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

Mission Wealth Management LP decreased its position in shares of NIKE, Inc. (NYSE:NKE) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in NKE. Auxano Advisors LLC lifted its holdings in NIKE by 5.3% during the 4th quarter. Auxano Advisors LLC now owns 14,585 shares of the footwear maker’s stock worth $1,104,000 after buying an additional 733 shares in the last quarter. Grandfield & Dodd LLC increased its position 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 acquiring an additional 17,168 shares during the period. Gruss & Co. LLC acquired a new stake in shares of NIKE in the fourth quarter valued at $1,892,000. DJE Kapital AG purchased a new position in NIKE in the fourth quarter valued at $69,033,000. Finally, SBI Securities Co. Ltd. acquired a new position in NIKE during the 4th quarter worth $1,653,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on NKE shares. Evercore ISI lowered their price target on shares of NIKE from $105.00 to $97.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Barclays lowered their target price on shares of NIKE from $79.00 to $70.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. Deutsche Bank Aktiengesellschaft cut their target price on NIKE from $92.00 to $82.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Wells Fargo & Company reduced their price objective on shares of NIKE from $95.00 to $92.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Finally, Guggenheim restated a “buy” rating and issued a $110.00 target price on shares of NIKE in a report on Wednesday, February 12th. Fourteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $89.77.

NIKE Stock Down 1.4 %

NKE stock opened at $78.29 on Tuesday. 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 stock has a market capitalization of $115.80 billion, a PE ratio of 24.16, a price-to-earnings-growth ratio of 2.52 and a beta of 1.01. NIKE, Inc. has a one year low of $68.62 and a one year high of $102.49. The company has a fifty day moving average of $74.67 and a 200-day moving average of $78.29.

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

NIKE Dividend Announcement

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

Insider Activity at NIKE

In other news, Director John W. Rogers, Jr. purchased 2,500 shares of the business’s stock in a transaction dated Friday, December 27th. The stock was acquired at an average price of $76.65 per share, with a total value of $191,625.00. Following the purchase, the director now directly owns 34,403 shares of the company’s stock, valued at $2,636,989.95. This represents a 7.84 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Mark G. Parker sold 169,732 shares of NIKE 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 transaction, the chairman now owns 896,632 shares of the company’s stock, valued at approximately $65,301,708.56. The trade was 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.

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.