GUARDCAP ASSET MANAGEMENT Ltd Lowers Stock Position in NIKE, Inc. (NYSE:NKE)

GUARDCAP ASSET MANAGEMENT Ltd reduced its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 11.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,469,841 shares of the footwear maker's stock after selling 465,362 shares during the quarter. NIKE comprises approximately 4.2% of GUARDCAP ASSET MANAGEMENT Ltd's portfolio, making the stock its 13th largest holding. GUARDCAP ASSET MANAGEMENT Ltd owned about 0.23% of NIKE worth $262,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new position in shares of NIKE during the fourth quarter worth approximately $28,000. Caitlin John LLC grew its position in NIKE by 117.0% during 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 last quarter. Teachers Insurance & Annuity Association of America purchased a new position in NIKE during the 3rd quarter worth $30,000. Roxbury Financial LLC acquired a new position in NIKE in the fourth quarter valued at $30,000. Finally, LFA Lugano Financial Advisors SA raised its holdings in shares of NIKE by 110.5% in 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 last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Price Performance

Shares of NKE stock traded up $0.13 during trading hours on Thursday, hitting $65.87. The company's stock had a trading volume of 16,424,324 shares, compared to its average volume of 12,466,770. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a twelve month low of $64.95 and a twelve month high of $98.04. The stock has a market cap of $97.42 billion, a price-to-earnings ratio of 20.33, a P/E/G ratio of 2.52 and a beta of 1.02. The business has a fifty day moving average of $74.31 and a 200-day moving average of $77.05.

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NIKE (NYSE:NKE - Get Free Report) last announced its earnings results on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $11.02 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. NIKE's quarterly revenue was down 9.1% on a year-over-year basis. As a group, equities research analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The company also recently announced 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. This represents a $1.60 annualized dividend and a yield of 2.43%. The ex-dividend date is Monday, March 3rd. NIKE's payout ratio is 53.16%.

Insider Buying and Selling at NIKE

In other NIKE news, Director John W. Rogers, Jr. purchased 2,500 shares of NIKE stock in a transaction on Friday, December 27th. The shares were bought at an average price of $76.65 per share, with a total value of $191,625.00. Following the purchase, the director now directly owns 34,403 shares in the company, valued at $2,636,989.95. This trade represents a 7.84 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of NIKE 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 completion of the sale, the chairman now directly owns 896,632 shares of the company's stock, valued at approximately $65,301,708.56. This represents a 15.92 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Needham & Company LLC lowered their price target on NIKE from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Jefferies Financial Group raised NIKE from a "hold" rating to a "buy" rating and boosted their target price for the company from $75.00 to $115.00 in a report on Monday, February 24th. Barclays lowered their price objective on shares of NIKE from $79.00 to $70.00 and set an "equal weight" rating on the stock in a research report on Friday, December 20th. JPMorgan Chase & Co. cut their price objective on shares of NIKE from $73.00 to $64.00 and set a "neutral" rating for the company in a research report on Friday, March 21st. Finally, BMO Capital Markets reduced their target price on shares of NIKE from $95.00 to $92.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Fifteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $87.38.

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.