Investment House LLC Reduces Position in NIKE, Inc. (NYSE:NKE)

Investment House LLC lessened its holdings in shares of NIKE, Inc. (NYSE:NKE) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,587 shares of the footwear maker’s stock after selling 925 shares during the period. Investment House LLC’s holdings in NIKE were worth $4,585,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Koss Olinger Consulting LLC grew its stake in NIKE by 65.4% during the 4th quarter. Koss Olinger Consulting LLC now owns 41,926 shares of the footwear maker’s stock valued at $3,173,000 after acquiring an additional 16,583 shares in the last quarter. Vinva Investment Management Ltd grew its stake in NIKE by 69.6% during the 4th quarter. Vinva Investment Management Ltd now owns 59,422 shares of the footwear maker’s stock valued at $4,436,000 after acquiring an additional 24,390 shares in the last quarter. Stokes Family Office LLC grew its stake in NIKE by 3.3% during the 4th quarter. Stokes Family Office LLC now owns 28,219 shares of the footwear maker’s stock valued at $2,135,000 after acquiring an additional 908 shares in the last quarter. Generali Asset Management SPA SGR purchased a new stake in NIKE during the 4th quarter valued at about $5,860,000. Finally, Horizon Investments LLC grew its stake in NIKE by 2.1% during the 4th quarter. Horizon Investments LLC now owns 23,953 shares of the footwear maker’s stock valued at $1,813,000 after acquiring an additional 503 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Price Performance

NIKE stock opened at $73.28 on Wednesday. The firm has a market cap of $108.38 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. NIKE, Inc. has a 52-week low of $68.62 and a 52-week high of $101.92. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The company’s 50 day moving average is $74.73 and its two-hundred day moving average is $77.64.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The business had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.11 billion. During the same period last year, the business earned $1.03 EPS. The company’s revenue was down 7.7% on a year-over-year basis. On average, research analysts expect that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be issued a $0.40 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.18%. NIKE’s payout ratio is 49.38%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Stifel Nicolaus dropped their price target on shares of NIKE from $79.00 to $75.00 and set a “hold” rating for the company in a research note on Friday, December 20th. Needham & Company LLC dropped their price target on shares of NIKE from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Monday. Telsey Advisory Group reissued a “market perform” rating and issued a $80.00 price target on shares of NIKE in a research note on Monday. JPMorgan Chase & Co. dropped their price target on shares of NIKE from $77.00 to $73.00 and set a “neutral” rating for the company in a research note on Monday, December 2nd. Finally, Robert W. Baird dropped their price target on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating for the company in a research note on Monday, December 23rd. Fourteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, NIKE has an average rating of “Moderate Buy” and a consensus target price of $89.54.

Insider Activity

In related news, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $72.83, for a total value of $12,361,581.56. Following the transaction, the chairman now directly owns 896,632 shares of the company’s stock, valued at $65,301,708.56. This trade represents a 15.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John W. Rogers, Jr. bought 2,500 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The stock was bought at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the transaction, the director now directly owns 34,403 shares in the company, valued at approximately $2,636,989.95. The trade was a 7.84 % increase in their ownership of the stock. The disclosure for this purchase 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.