New York State Common Retirement Fund Sells 28,935 Shares of NIKE, Inc. (NYSE:NKE)

New York State Common Retirement Fund trimmed its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,721,905 shares of the footwear maker's stock after selling 28,935 shares during the quarter. New York State Common Retirement Fund owned 0.12% of NIKE worth $130,297,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in NKE. Heck Capital Advisors LLC bought a new stake in NIKE in the fourth quarter worth $28,000. Caitlin John LLC boosted its holdings in 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 in the last quarter. Teachers Insurance & Annuity Association of America bought a new stake in NIKE in the third quarter worth $30,000. Roxbury Financial LLC bought a new stake in NIKE in the fourth quarter worth $30,000. Finally, Dunhill Financial LLC lifted its holdings in shares of NIKE by 52.2% during the third quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker's stock valued at $44,000 after purchasing an additional 169 shares in the last quarter. 64.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NKE shares. Stifel Nicolaus lowered their price target on NIKE from $79.00 to $75.00 and set a "hold" rating on the stock in a report on Friday, December 20th. Needham & Company LLC reaffirmed a "buy" rating and set a $84.00 price target on shares of NIKE in a report on Friday, February 7th. Morgan Stanley lowered their price target on NIKE from $80.00 to $74.00 and set an "equal weight" rating on the stock in a report on Friday, December 20th. DA Davidson raised NIKE to a "strong-buy" rating in a report on Monday, December 23rd. Finally, Robert W. Baird lowered their target price on NIKE from $110.00 to $105.00 and set an "outperform" rating on the stock in a report on Monday, December 23rd. Fifteen investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, NIKE currently has a consensus rating of "Moderate Buy" and an average price target of $88.62.

NIKE Price Performance

Shares of NYSE:NKE traded down $0.73 during trading on Friday, hitting $76.50. 12,813,494 shares of the company's stock were exchanged, compared to its average volume of 13,223,615. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. NIKE, Inc. has a 52-week low of $68.62 and a 52-week high of $106.62. The business's 50-day simple moving average is $74.33 and its 200 day simple moving average is $78.05. The company has a market cap of $113.15 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 2.50 and a beta of 1.01.

NIKE (NYSE:NKE - Get Free Report) last released its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.15. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The firm had revenue of $12.35 billion during the quarter, compared to analysts' expectations of $12.11 billion. During the same quarter last year, the business posted $1.03 earnings per share. The firm's revenue was down 7.7% on a year-over-year basis. As a group, equities analysts predict that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE's dividend payout ratio is presently 49.38%.

Insider Buying and Selling at NIKE

In other news, Director John W. Rogers, Jr. purchased 2,500 shares of the business's stock in a transaction on Friday, December 27th. The stock was acquired at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the acquisition, the director now directly owns 34,403 shares of the company's stock, valued at $2,636,989.95. This represents a 7.84 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mark G. Parker sold 169,732 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $72.83, for a total value of $12,361,581.56. Following 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 disclosure for this sale can be found here. 1.10% of the stock is currently owned by company 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.