Dimensional Fund Advisors LP Sells 49,969 Shares of NIKE, Inc. (NYSE:NKE)

Dimensional Fund Advisors LP reduced its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,919,308 shares of the footwear maker's stock after selling 49,969 shares during the period. Dimensional Fund Advisors LP owned approximately 0.33% of NIKE worth $372,203,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Caitlin John LLC grew its position in NIKE by 117.0% during the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock worth $28,000 after buying an additional 200 shares in the last quarter. Heck Capital Advisors LLC bought a new stake in shares of NIKE during the 4th quarter valued at $28,000. Roxbury Financial LLC acquired a new stake in shares of NIKE during the 4th quarter worth $30,000. LFA Lugano Financial Advisors SA increased its position in shares of NIKE by 110.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock worth $30,000 after purchasing an additional 210 shares during the period. Finally, Hopwood Financial Services Inc. acquired a new position in NIKE in the fourth quarter valued at about $30,000. 64.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on NKE. Needham & Company LLC decreased their target price on shares of NIKE from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Telsey Advisory Group reissued a "market perform" rating and issued a $80.00 price objective on shares of NIKE in a research note on Monday, March 17th. JPMorgan Chase & Co. cut their target price on NIKE from $73.00 to $64.00 and set a "neutral" rating for the company in a research note on Friday, March 21st. The Goldman Sachs Group reduced their target price on NIKE from $88.00 to $72.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, Wells Fargo & Company dropped their price objective on NIKE from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Friday, March 21st. Sixteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $83.19.

NIKE Trading Up 1.1 %

Shares of NIKE stock traded up $0.64 on Thursday, reaching $58.03. 6,436,368 shares of the company's stock were exchanged, compared to its average volume of 14,285,170. The company has a market capitalization of $85.83 billion, a P/E ratio of 17.91, a price-to-earnings-growth ratio of 2.52 and a beta of 1.15. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $98.04. 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's 50-day moving average is $67.44 and its two-hundred day moving average is $73.33.

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

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date was Monday, March 3rd. NIKE's payout ratio is 53.16%.

Insider Buying and Selling

In other NIKE news, Director Robert Holmes Swan acquired 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 completion of the acquisition, the director now owns 31,983 shares in the company, valued at approximately $1,869,726.18. This represents a 36.78 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Mark G. Parker sold 169,732 shares of NIKE stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $72.83, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is 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.