Gulf International Bank UK Ltd Sells 1,098 Shares of NIKE, Inc. (NYSE:NKE)

Gulf International Bank UK Ltd decreased its position in NIKE, Inc. (NYSE:NKE) by 1.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 92,699 shares of the footwear maker’s stock after selling 1,098 shares during the period. Gulf International Bank UK Ltd’s holdings in NIKE were worth $7,014,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Teachers Insurance & Annuity Association of America acquired a new position in shares of NIKE during the 3rd quarter worth approximately $30,000. Caitlin John LLC grew its holdings in NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock valued at $28,000 after buying an additional 200 shares in the last quarter. Heck Capital Advisors LLC bought a new stake in shares of NIKE during the 4th quarter valued at $28,000. Roxbury Financial LLC bought a new stake in shares of NIKE during the 4th quarter valued at $30,000. Finally, BankPlus Trust Department bought a new stake in shares of NIKE during the 4th quarter valued at $34,000. Institutional investors own 64.25% of the company’s stock.

NIKE Trading Down 0.7 %

NYSE NKE opened at $81.17 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The firm’s fifty day moving average price is $74.54 and its 200 day moving average price is $78.28. The company has a market capitalization of $120.06 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 2.52 and a beta of 1.01. NIKE, Inc. has a 12 month low of $68.62 and a 12 month high of $105.57.

NIKE (NYSE:NKE) last released its earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $12.11 billion. During the same quarter last year, the business earned $1.03 EPS. The business’s revenue was down 7.7% on a year-over-year basis. On average, sell-side analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders 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 yield of 1.97%. NIKE’s dividend payout ratio (DPR) is 49.38%.

Analyst Upgrades and Downgrades

NKE has been the subject of several research reports. Needham & Company LLC reiterated a “buy” rating and issued a $84.00 target price on shares of NIKE in a research report on Friday, February 7th. Barclays decreased their target price on NIKE from $79.00 to $70.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. BMO Capital Markets increased their price objective on shares of NIKE from $92.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Royal Bank of Canada reduced 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. Finally, Jefferies Financial Group upgraded NIKE from a “hold” rating to a “buy” rating and lifted their price target for the company from $75.00 to $115.00 in a research note on Monday. Fourteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $89.77.

Insider Buying and Selling at NIKE

In other NIKE news, Director John W. Rogers, Jr. bought 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 completion of the purchase, the director now directly owns 34,403 shares in the company, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Mark G. Parker sold 169,732 shares of the business’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 sale, 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. 1.10% of the stock is currently owned by corporate 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.