Neuberger Berman Group LLC Lowers Stock Holdings in NIKE, Inc. (NYSE:NKE)

Neuberger Berman Group LLC trimmed its position in NIKE, Inc. (NYSE:NKE - Free Report) by 8.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,259,830 shares of the footwear maker's stock after selling 202,746 shares during the quarter. Neuberger Berman Group LLC owned approximately 0.15% of NIKE worth $171,000,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of NKE. JNBA Financial Advisors raised its stake in NIKE by 1.3% in the fourth quarter. JNBA Financial Advisors now owns 10,045 shares of the footwear maker's stock valued at $760,000 after buying an additional 131 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its stake in NIKE by 0.7% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 20,446 shares of the footwear maker's stock worth $1,547,000 after purchasing an additional 136 shares during the last quarter. Elgethun Capital Management lifted its stake in NIKE by 13.7% during the fourth quarter. Elgethun Capital Management now owns 1,236 shares of the footwear maker's stock worth $94,000 after purchasing an additional 149 shares during the last quarter. GAMMA Investing LLC boosted its holdings in NIKE by 1.0% in the fourth quarter. GAMMA Investing LLC now owns 15,014 shares of the footwear maker's stock valued at $1,136,000 after purchasing an additional 150 shares in the last quarter. Finally, Game Plan Financial Advisors LLC raised its holdings in NIKE by 11.1% during the fourth quarter. Game Plan Financial Advisors LLC now owns 1,500 shares of the footwear maker's stock worth $114,000 after purchasing an additional 150 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity

In related news, Director Robert Holmes Swan bought 8,600 shares of the stock in a transaction on Friday, April 4th. The shares were purchased at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the acquisition, the director now owns 31,983 shares in the company, valued at $1,869,726.18. This represents a 36.78 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the business's stock in a transaction 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 transaction, the chairman now directly owns 896,632 shares of the company's stock, valued at approximately $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

NKE has been the topic of a number of recent analyst reports. Cfra Research raised shares of NIKE to a "moderate buy" rating in a research report on Friday, March 21st. 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 research note on Friday, March 21st. DA Davidson upgraded NIKE to a "strong-buy" rating in a research report on Monday, December 23rd. Robert W. Baird decreased their target price on NIKE from $105.00 to $99.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Finally, Barclays cut their price target on NIKE from $79.00 to $70.00 and set an "equal weight" rating on the stock in a research report on Friday, December 20th. Fifteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $86.19.

NIKE Price Performance

NIKE stock traded up $0.68 during mid-day trading on Monday, reaching $55.07. The company had a trading volume of 11,010,693 shares, compared to its average volume of 14,025,974. The stock's 50-day simple moving average is $70.03 and its 200-day simple moving average is $74.83. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $98.04. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The company has a market capitalization of $81.46 billion, a P/E ratio of 17.00, a P/E/G ratio of 2.52 and a beta of 1.15.

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

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend was Monday, March 3rd. NIKE's dividend payout ratio (DPR) is presently 53.16%.

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.