Northwest Capital Management Inc Sells 1,178 Shares of NIKE, Inc. (NYSE:NKE)

Northwest Capital Management Inc decreased its position in NIKE, Inc. (NYSE:NKE) by 28.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,987 shares of the footwear maker’s stock after selling 1,178 shares during the quarter. Northwest Capital Management Inc’s holdings in NIKE were worth $226,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in NKE. IFP Advisors Inc grew its stake in shares of NIKE by 17.9% in the fourth quarter. IFP Advisors Inc now owns 11,806 shares of the footwear maker’s stock valued at $894,000 after acquiring an additional 1,789 shares in the last quarter. B&D White Capital Company LLC bought a new stake in NIKE in the 4th quarter valued at about $499,000. South Dakota Investment Council grew its position in shares of NIKE by 11.3% during the 4th quarter. South Dakota Investment Council now owns 69,953 shares of the footwear maker’s stock worth $5,293,000 after purchasing an additional 7,114 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of NIKE during the fourth quarter worth approximately $496,000. Finally, Delta Financial Group Inc. acquired a new stake in shares of NIKE in the fourth quarter valued at approximately $567,000. Institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling

In other news, Director John W. Rogers, Jr. purchased 2,500 shares of the stock in a transaction on Friday, December 27th. The stock was purchased at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the acquisition, the director now owns 34,403 shares in the company, valued at $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the company’s stock in a transaction on 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 directly 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. 1.10% of the stock is owned by insiders.

NIKE Price Performance

NKE stock opened at $76.50 on Monday. The company has a market capitalization of $113.15 billion, a P/E ratio of 23.61, a PEG ratio of 2.52 and a beta of 1.01. The company has a fifty day moving average price of $74.31 and a 200-day moving average price of $78.16. 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 52-week low of $68.62 and a 52-week high of $106.62.

NIKE (NYSE:NKE) last announced 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 business had revenue of $12.35 billion during the quarter, compared to analyst estimates of $12.11 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. NIKE’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period last year, the company earned $1.03 EPS. As a group, equities analysts expect that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

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 given a dividend of $0.40 per share. 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 2.09%. NIKE’s dividend payout ratio (DPR) is 49.38%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. DA Davidson raised NIKE to a “strong-buy” rating in a research report on Monday, December 23rd. Citigroup lowered NIKE from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $102.00 to $72.00 in a report on Friday, February 7th. Barclays decreased their price target on NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Guggenheim reaffirmed a “buy” rating and set a $110.00 price objective on shares of NIKE in a research report on Wednesday, February 12th. Finally, Morgan Stanley decreased their target price on shares of NIKE from $80.00 to $74.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Fifteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $88.62.

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.