Capital Investment Counsel Inc Sells 4,269 Shares of NIKE, Inc. (NYSE:NKE)

Capital Investment Counsel Inc cut its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 13.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,068 shares of the footwear maker's stock after selling 4,269 shares during the period. Capital Investment Counsel Inc's holdings in NIKE were worth $2,048,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. increased its holdings in shares of NIKE by 6,029.6% during the 4th quarter. Pacer Advisors Inc. now owns 6,821,270 shares of the footwear maker's stock valued at $516,166,000 after acquiring an additional 6,709,985 shares during the last quarter. Loomis Sayles & Co. L P increased its holdings in shares of NIKE by 1,209,638.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 6,508,394 shares of the footwear maker's stock valued at $575,342,000 after acquiring an additional 6,507,856 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of NIKE by 358.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,015,267 shares of the footwear maker's stock valued at $228,165,000 after acquiring an additional 2,357,745 shares during the last quarter. State Street Corp increased its holdings in shares of NIKE by 3.3% during the 3rd quarter. State Street Corp now owns 57,916,789 shares of the footwear maker's stock valued at $5,140,796,000 after acquiring an additional 1,862,021 shares during the last quarter. Finally, Holocene Advisors LP acquired a new position in shares of NIKE during the 3rd quarter valued at about $148,635,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NIKE

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the business'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 directly owns 896,632 shares of the company's stock, valued at approximately $65,301,708.56. The trade was a 15.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John W. Rogers, Jr. purchased 2,500 shares of the business's stock in a transaction dated Friday, December 27th. The stock was purchased at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the acquisition, the director now owns 34,403 shares of the company's stock, valued at approximately $2,636,989.95. This represents a 7.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NKE shares. DA Davidson raised NIKE to a "strong-buy" rating in a report on Monday, December 23rd. Needham & Company LLC reissued a "buy" rating and set a $84.00 price objective on shares of NIKE in a report on Friday, February 7th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $80.00 target price on shares of NIKE in a report on Wednesday. JPMorgan Chase & Co. lowered 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. Finally, Guggenheim reaffirmed a "buy" rating and issued a $110.00 target price on shares of NIKE in a report on Wednesday, February 12th. Fifteen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $88.62.

NIKE Trading Down 0.9 %

Shares of NIKE stock traded down $0.73 during trading on Friday, reaching $76.50. 12,813,494 shares of the company were exchanged, compared to its average volume of 13,223,615. 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, Inc. has a twelve month low of $68.62 and a twelve month high of $106.62. The business has a 50-day moving average price of $74.33 and a 200-day moving average price of $78.05. The firm has a market capitalization of $113.15 billion, a price-to-earnings ratio of 23.61, a P/E/G ratio of 2.50 and a beta of 1.01.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.15. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business had revenue of $12.35 billion during the quarter, compared to analysts' expectations of $12.11 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. The firm's quarterly revenue was down 7.7% compared to the same quarter last year. Sell-side analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.09%. NIKE's payout ratio is 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.