NIKE, Inc. (NYSE:NKE) Shares Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. cut its position in NIKE, Inc. (NYSE:NKE - Free Report) by 0.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,476,072 shares of the footwear maker's stock after selling 10,030 shares during the period. Mawer Investment Management Ltd. owned approximately 0.10% of NIKE worth $130,485,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of NKE. Transcendent Capital Group LLC lifted its stake in NIKE by 97.6% during the 1st quarter. Transcendent Capital Group LLC now owns 405 shares of the footwear maker's stock valued at $38,000 after acquiring an additional 200 shares during the period. VitalStone Financial LLC lifted its holdings in shares of NIKE by 52.6% in the 3rd quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker's stock valued at $38,000 after buying an additional 150 shares during the period. Bruce G. Allen Investments LLC grew its holdings in NIKE by 272.5% during the second quarter. Bruce G. Allen Investments LLC now owns 514 shares of the footwear maker's stock worth $39,000 after acquiring an additional 376 shares during the period. Triad Wealth Partners LLC purchased a new position in shares of NIKE during the 2nd quarter valued at approximately $44,000. Finally, MFA Wealth Advisors LLC acquired a new position in shares of NIKE in the 2nd quarter valued at $46,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Trading Down 2.3 %

NYSE:NKE traded down $1.80 on Monday, reaching $74.86. The company's stock had a trading volume of 12,595,183 shares, compared to its average volume of 11,493,966. NIKE, Inc. has a 12-month low of $70.75 and a 12-month high of $123.39. The stock has a 50 day moving average price of $80.89 and a 200 day moving average price of $83.15. The firm has a market cap of $112.24 billion, a price-to-earnings ratio of 21.89, a price-to-earnings-growth ratio of 1.86 and a beta of 1.03. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings data on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.18. The firm had revenue of $11.59 billion for the quarter, compared to analyst estimates of $11.64 billion. NIKE had a net margin of 10.60% and a return on equity of 39.84%. NIKE's revenue was down 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 EPS. On average, equities analysts anticipate that NIKE, Inc. will post 2.74 EPS for the current fiscal year.

NIKE Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.14%. This is a boost from NIKE's previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Monday, December 2nd. NIKE's dividend payout ratio is 42.41%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on NKE shares. Wells Fargo & Company raised their target price on NIKE from $86.00 to $95.00 and gave the company an "overweight" rating in a research report on Friday, September 20th. Sanford C. Bernstein dropped their price objective on NIKE from $112.00 to $109.00 and set an "outperform" rating on the stock in a report on Thursday, September 19th. Deutsche Bank Aktiengesellschaft reduced their target price on NIKE from $95.00 to $92.00 and set a "buy" rating for the company in a research note on Wednesday, October 2nd. Robert W. Baird lifted their price target on shares of NIKE from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, September 20th. Finally, Barclays reduced their price objective on shares of NIKE from $84.00 to $81.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 2nd. Fourteen analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $96.30.

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.