Motley Fool Asset Management LLC Sells 5,718 Shares of NIKE, Inc. (NYSE:NKE)

Motley Fool Asset Management LLC trimmed its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 8.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,087 shares of the footwear maker's stock after selling 5,718 shares during the quarter. Motley Fool Asset Management LLC's holdings in NIKE were worth $4,698,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Heck Capital Advisors LLC bought a new stake in NIKE during the fourth quarter worth about $28,000. Caitlin John LLC raised its stake in shares of NIKE by 117.0% in the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock worth $28,000 after acquiring an additional 200 shares during the last quarter. Roxbury Financial LLC acquired a new position in shares of NIKE during the fourth quarter worth approximately $30,000. LFA Lugano Financial Advisors SA grew its stake in shares of NIKE by 110.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock valued at $30,000 after purchasing an additional 210 shares during the last quarter. Finally, Hopwood Financial Services Inc. acquired a new stake in shares of NIKE in the fourth quarter valued at approximately $30,000. 64.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NKE has been the topic of several research reports. Telsey Advisory Group reaffirmed a "market perform" rating and set a $80.00 price target on shares of NIKE in a research note on Monday, March 17th. Barclays lowered their target price on shares of NIKE from $79.00 to $70.00 and set an "equal weight" rating for the company in a report on Friday, December 20th. Needham & Company LLC decreased their price objective on NIKE from $84.00 to $80.00 and set a "buy" rating for the company in a research note on Monday, March 17th. Dbs Bank raised NIKE from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Finally, UBS Group decreased their price objective on shares of NIKE from $73.00 to $66.00 and set a "neutral" rating for the company in a report on Friday, March 21st. Fifteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $87.38.

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NIKE Price Performance

Shares of NYSE NKE traded down $9.48 during mid-day trading on Thursday, reaching $55.49. The company had a trading volume of 71,401,127 shares, compared to its average volume of 13,211,281. NIKE, Inc. has a one year low of $55.26 and a one year high of $98.04. The business's 50-day simple moving average is $73.28 and its 200 day simple moving average is $76.49. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The firm has a market cap of $82.07 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 2.52 and a beta of 1.02.

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

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.88%. NIKE's dividend payout ratio (DPR) is presently 53.16%.

Insider Activity

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the company's stock in a transaction dated 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 transaction, the chairman now owns 896,632 shares of the company's stock, valued at $65,301,708.56. This represents a 15.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by corporate insiders.

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.