NIKE, Inc. (NYSE:NKE) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 32.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,244,199 shares of the footwear maker's stock after selling 594,595 shares during the quarter. Envestnet Asset Management Inc. owned 0.08% of NIKE worth $94,149,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Caitlin John LLC lifted its holdings in shares of NIKE by 117.0% in the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in NIKE in the 4th quarter valued at approximately $28,000. Roxbury Financial LLC purchased a new stake in NIKE in the 4th quarter valued at approximately $30,000. LFA Lugano Financial Advisors SA grew its holdings in NIKE by 110.5% during the 4th 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 last quarter. Finally, Hopwood Financial Services Inc. purchased a new position in NIKE during the fourth quarter worth $30,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Stock Up 0.1 %

Shares of NIKE stock traded up $0.04 during trading hours on Friday, hitting $54.44. 22,585,735 shares of the company's stock traded hands, compared to its average volume of 14,036,479. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $98.04. The stock has a 50 day simple moving average of $70.03 and a 200-day simple moving average of $74.83. The company has a market cap of $80.52 billion, a PE ratio of 16.80, a PEG ratio of 2.52 and a beta of 1.15.

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

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.94%. The ex-dividend date was Monday, March 3rd. NIKE's dividend payout ratio is currently 53.16%.

Insider Transactions at NIKE

In other NIKE news, 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 completion of the sale, the chairman now owns 896,632 shares in the company, valued at $65,301,708.56. The trade was a 15.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Holmes Swan purchased 8,600 shares of NIKE stock in a transaction dated Friday, April 4th. The stock was acquired at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the transaction, the director now owns 31,983 shares in the company, valued at approximately $1,869,726.18. The trade was a 36.78 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on NKE shares. Stifel Nicolaus decreased their price objective on NIKE from $75.00 to $64.00 and set a "hold" rating on the stock in a research note on Thursday. Cfra Research raised shares of NIKE to a "moderate buy" rating in a research note on Friday, March 21st. DA Davidson raised shares of NIKE to a "strong-buy" rating in a research report on Monday, December 23rd. BMO Capital Markets decreased their target price on shares of NIKE from $95.00 to $92.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Finally, Morgan Stanley lowered their target price on shares of NIKE from $72.00 to $70.00 and set an "equal weight" rating for the company in a research note on Friday, March 21st. Fifteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $86.19.

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.