NIKE, Inc. (NYSE:NKE) Shares Sold by Ycg LLC

Ycg LLC trimmed its holdings in shares of NIKE, Inc. (NYSE:NKE) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 301,223 shares of the footwear maker’s stock after selling 6,693 shares during the quarter. NIKE makes up approximately 2.2% of Ycg LLC’s investment portfolio, making the stock its 21st largest position. Ycg LLC’s holdings in NIKE were worth $27,784,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in NKE. Cim LLC purchased a new stake in NIKE in the 4th quarter valued at $14,275,000. TKG Advisors LLC purchased a new stake in NIKE in the 4th quarter valued at $1,012,000. Louisiana State Employees Retirement System purchased a new stake in NIKE in the 4th quarter valued at $8,034,000. Brown Advisory Inc. grew its holdings in NIKE by 4.3% in the 4th quarter. Brown Advisory Inc. now owns 4,668,949 shares of the footwear maker’s stock valued at $506,908,000 after buying an additional 192,752 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in NIKE by 10,184.3% in the 4th quarter. International Assets Investment Management LLC now owns 388,131 shares of the footwear maker’s stock valued at $42,139,000 after buying an additional 384,357 shares in the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NKE has been the subject of several analyst reports. Guggenheim dropped their target price on NIKE from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, June 28th. Oppenheimer reiterated an “outperform” rating and set a $120.00 price target on shares of NIKE in a report on Friday, June 28th. Raymond James reiterated a “market perform” rating on shares of NIKE in a report on Friday, June 28th. The Goldman Sachs Group lowered their price target on NIKE from $118.00 to $105.00 and set a “buy” rating for the company in a report on Friday, June 28th. Finally, Royal Bank of Canada lowered their price target on NIKE from $100.00 to $75.00 and set a “sector perform” rating for the company in a report on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $96.44.

NIKE Stock Up 0.1 %

NKE stock traded up $0.05 during trading on Friday, hitting $73.44. 14,505,080 shares of the company’s stock were exchanged, compared to its average volume of 11,194,067. The business has a 50-day moving average price of $89.89 and a two-hundred day moving average price of $96.31. The stock has a market capitalization of $110.85 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 1.86 and a beta of 1.01. NIKE, Inc. has a 52-week low of $71.67 and a 52-week high of $123.39. The company has a current ratio of 2.40, a quick ratio of 1.69 and a debt-to-equity ratio of 0.55.

NIKE (NYSE:NKE) last posted its earnings results on Thursday, June 27th. The footwear maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.16. The firm had revenue of $12.60 billion during the quarter, compared to analysts’ expectations of $12.86 billion. NIKE had a return on equity of 42.63% and a net margin of 11.10%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.66 earnings per share. As a group, equities research analysts expect that NIKE, Inc. will post 3.17 EPS for the current year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 3rd were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend was Monday, June 3rd. NIKE’s dividend payout ratio is currently 39.68%.

Insider Buying and Selling at NIKE

In other NIKE news, VP Johanna Nielsen sold 282 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $93.64, for a total value of $26,406.48. Following the completion of the sale, the vice president now owns 730 shares in the company, valued at $68,357.20. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP Monique S. Matheson sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $94.16, for a total value of $4,237,200.00. Following the transaction, the executive vice president now owns 44,997 shares of the company’s stock, valued at $4,236,917.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Johanna Nielsen sold 282 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $93.64, for a total value of $26,406.48. Following the completion of the transaction, the vice president now directly owns 730 shares in the company, valued at approximately $68,357.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 213,660 shares of company stock worth $19,946,333. 0.50% of the stock is owned by insiders.

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.