American Century Companies Inc. Sells 67,527 Shares of NIKE, Inc. (NYSE:NKE)

American Century Companies Inc. cut its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 6.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 906,879 shares of the footwear maker's stock after selling 67,527 shares during the period. American Century Companies Inc. owned 0.06% of NIKE worth $68,624,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Heck Capital Advisors LLC bought a new position in shares of NIKE in the fourth quarter worth $28,000. Caitlin John LLC boosted its stake in NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock worth $28,000 after purchasing an additional 200 shares during the period. Teachers Insurance & Annuity Association of America purchased a new position in NIKE during the 3rd quarter valued at about $30,000. Roxbury Financial LLC purchased a new position in NIKE during the 4th quarter valued at about $30,000. Finally, LFA Lugano Financial Advisors SA increased its position in shares of NIKE by 110.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock valued at $30,000 after buying an additional 210 shares during the period. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Trading Down 3.6 %

NYSE:NKE traded down $2.37 during mid-day trading on Friday, reaching $63.43. 10,006,527 shares of the company's stock traded hands, compared to its average volume of 12,888,995. NIKE, Inc. has a 12-month low of $63.35 and a 12-month high of $98.04. 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 company has a 50 day moving average price of $74.31 and a 200-day moving average price of $77.05. The firm has a market capitalization of $93.82 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 2.52 and a beta of 1.02.

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NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.26. The company had revenue of $11.27 billion for the quarter, compared to analysts' expectations of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. NIKE's quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.98 earnings per share. On average, sell-side analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.52%. NIKE's payout ratio is 53.16%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NKE. BMO Capital Markets cut their price objective on shares of NIKE from $95.00 to $92.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Robert W. Baird reduced their price target on shares of NIKE from $105.00 to $99.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. China Renaissance assumed coverage on shares of NIKE in a report on Wednesday, March 19th. They issued a "hold" rating on the stock. Cfra Research upgraded NIKE to a "moderate buy" rating in a research report on Friday, March 21st. Finally, UBS Group decreased their target price on NIKE from $73.00 to $66.00 and set a "neutral" rating on the stock in a research note on Friday, March 21st. Fifteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $87.38.

Insider Activity at NIKE

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the firm's stock in a transaction that occurred 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 transaction, the chairman now owns 896,632 shares of the company's stock, valued at approximately $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by corporate insiders.

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.