Coldstream Capital Management Inc. Sells 54,593 Shares of NIKE, Inc. (NYSE:NKE)

Coldstream Capital Management Inc. lessened its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 45.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,686 shares of the footwear maker's stock after selling 54,593 shares during the period. Coldstream Capital Management Inc.'s holdings in NIKE were worth $5,046,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in NKE. Arkos Global Advisors acquired a new stake in shares of NIKE in the 4th quarter valued at approximately $319,000. UP Strategic Wealth Investment Advisors LLC lifted its stake in shares of NIKE by 21.0% in the 4th quarter. UP Strategic Wealth Investment Advisors LLC now owns 3,084 shares of the footwear maker's stock valued at $233,000 after acquiring an additional 536 shares during the last quarter. Topsail Wealth Management LLC bought a new stake in NIKE during the 4th quarter worth $278,000. Integrated Wealth Concepts LLC raised its position in NIKE by 46.1% in the fourth quarter. Integrated Wealth Concepts LLC now owns 25,346 shares of the footwear maker's stock valued at $1,918,000 after purchasing an additional 7,998 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in shares of NIKE by 26.0% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 329,470 shares of the footwear maker's stock worth $24,907,000 after purchasing an additional 67,980 shares during the last quarter. 64.25% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Robert Holmes Swan acquired 8,600 shares of the business's stock in a transaction dated Friday, April 4th. The stock was purchased at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the acquisition, the director now owns 31,983 shares of the company's stock, valued at $1,869,726.18. This trade represents a 36.78 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Mark G. Parker sold 169,732 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $72.83, for a total value of $12,361,581.56. Following the completion of the sale, the chairman now owns 896,632 shares of the company's stock, valued at $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 owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on NKE. UBS Group decreased their price target on shares of NIKE from $73.00 to $66.00 and set a "neutral" rating for the company in a research report on Friday, March 21st. Guggenheim reiterated a "buy" rating and issued a $110.00 price target on shares of NIKE in a research report on Wednesday, February 12th. Williams Trading cut their price objective on NIKE from $93.00 to $73.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. Cfra Research upgraded shares of NIKE to a "moderate buy" rating in a research report on Friday, March 21st. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $80.00 target price on shares of NIKE in a research note on Monday, March 17th. Sixteen 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's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $82.81.

NIKE Price Performance

NYSE NKE opened at $57.66 on Friday. The company has a market cap of $85.29 billion, a PE ratio of 17.80, a price-to-earnings-growth ratio of 2.52 and a beta of 1.15. 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 firm's 50-day simple moving average is $66.75 and its two-hundred day simple moving average is $72.95. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $98.04.

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

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.77%. NIKE's dividend payout ratio (DPR) is presently 53.16%.

NIKE Company 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.

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