Keybank National Association OH Trims Position in NIKE, Inc. (NYSE:NKE)

Keybank National Association OH decreased its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 324,620 shares of the footwear maker's stock after selling 10,923 shares during the quarter. Keybank National Association OH's holdings in NIKE were worth $24,564,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NKE. Heck Capital Advisors LLC bought a new stake in shares of NIKE during the fourth quarter worth about $28,000. Caitlin John LLC grew its holdings in shares of NIKE by 117.0% during the fourth 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 bought a new stake in shares of NIKE during the third quarter worth about $30,000. Roxbury Financial LLC bought a new stake in shares of NIKE during the fourth quarter worth about $30,000. Finally, BankPlus Trust Department bought a new stake in shares of NIKE during the fourth quarter worth about $34,000. Institutional investors and hedge funds own 64.25% of the company's stock.

Wall Street Analysts Forecast Growth

NKE has been the topic of several analyst reports. Jefferies Financial Group upgraded NIKE from a "hold" rating to a "buy" rating and upped their target price for the company from $75.00 to $115.00 in a report on Monday, February 24th. BMO Capital Markets upped their target price on NIKE from $92.00 to $95.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. reduced their target price on NIKE from $77.00 to $73.00 and set a "neutral" rating on the stock in a report on Monday, December 2nd. Citigroup cut NIKE from a "buy" rating to a "neutral" rating and reduced their target price for the company from $102.00 to $72.00 in a report on Friday, February 7th. Finally, Stifel Nicolaus reduced their target price on NIKE from $79.00 to $75.00 and set a "hold" rating on the stock in a report on Friday, December 20th. Fourteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $89.77.

Insider Buying and Selling at NIKE

In other NIKE news, Director John W. Rogers, Jr. acquired 2,500 shares of the business's stock in a transaction dated Friday, December 27th. The stock was bought at an average price of $76.65 per share, with a total value of $191,625.00. Following the completion of the acquisition, the director now owns 34,403 shares of the company's stock, valued at $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 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. Insiders own 1.10% of the company's stock.

NIKE Stock Performance

NKE traded up $0.44 during trading hours on Wednesday, hitting $77.76. The stock had a trading volume of 9,846,561 shares, compared to its average volume of 13,333,925. The company's fifty day simple moving average is $74.70 and its 200 day simple moving average is $78.25. NIKE, Inc. has a 1 year low of $68.62 and a 1 year high of $102.49. The stock has a market cap of $115.01 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 2.52 and a beta of 1.01. 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 announced its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.15. The company had revenue of $12.35 billion during 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%. The firm's revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 EPS. Equities analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Monday, March 3rd. NIKE's payout ratio is presently 49.38%.

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.