NIKE, Inc. (NYSE:NKE) Shares Sold by Jacobson & Schmitt Advisors LLC

Jacobson & Schmitt Advisors LLC lowered its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 9.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 93,043 shares of the footwear maker's stock after selling 10,229 shares during the quarter. Jacobson & Schmitt Advisors LLC's holdings in NIKE were worth $7,041,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Heck Capital Advisors LLC acquired a new position in NIKE during the fourth quarter worth $28,000. Caitlin John LLC increased its holdings in shares of NIKE by 117.0% in the 4th 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. Teachers Insurance & Annuity Association of America acquired a new stake in shares of NIKE in the third quarter valued at about $30,000. Roxbury Financial LLC purchased a new stake in NIKE during the fourth quarter worth about $30,000. Finally, Bank of Jackson Hole Trust acquired a new position in NIKE during the fourth quarter worth about $43,000. Institutional investors and hedge funds own 64.25% of the company's stock.

NIKE Trading Down 1.2 %

Shares of NYSE NKE traded down $0.96 during midday trading on Friday, hitting $76.27. The stock had a trading volume of 8,113,933 shares, compared to its average volume of 13,076,081. The company has a fifty day moving average price of $74.33 and a 200 day moving average price of $78.05. The company has a market capitalization of $112.82 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 2.50 and a beta of 1.01. NIKE, Inc. has a 1-year low of $68.62 and a 1-year high of $106.62. 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 (NYSE:NKE - Get Free Report) last released its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, topping the consensus estimate of $0.63 by $0.15. The firm had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.11 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. During the same period in the previous year, the company posted $1.03 EPS. NIKE's revenue for the quarter was down 7.7% on a year-over-year basis. On average, analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders 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 2.10%. NIKE's dividend payout ratio (DPR) is presently 49.38%.

Analyst Upgrades and Downgrades

NKE has been the subject of several research reports. JPMorgan Chase & Co. cut their price target on NIKE from $77.00 to $73.00 and set a "neutral" rating for the company in a research note on Monday, December 2nd. Robert W. Baird cut their target price on shares of NIKE from $110.00 to $105.00 and set an "outperform" rating for the company in a research report on Monday, December 23rd. Telsey Advisory Group reiterated a "market perform" rating and issued a $80.00 price target on shares of NIKE in a research report on Wednesday. TD Cowen cut their price objective on NIKE from $78.00 to $73.00 and set a "hold" rating for the company in a research report on Monday, November 18th. Finally, Royal Bank of Canada lowered their target price on NIKE from $82.00 to $80.00 and set a "sector perform" rating on the stock in a report on Thursday, November 7th. Fifteen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $88.62.

Insider Activity at NIKE

In other news, Chairman Mark G. Parker sold 169,732 shares of the firm's stock in a transaction dated Friday, February 14th. The stock was 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 directly owns 896,632 shares in the company, valued at $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John W. Rogers, Jr. bought 2,500 shares of the company's stock in a transaction dated Friday, December 27th. The shares were acquired 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 owns 34,403 shares of the company's stock, valued at approximately $2,636,989.95. The trade was a 7.84 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company's stock.

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.