NIKE, Inc. (NYSE:NKE) Shares Sold by Swiss National Bank

Swiss National Bank decreased its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,363,400 shares of the footwear maker's stock after selling 232,400 shares during the period. Swiss National Bank owned approximately 0.23% of NIKE worth $254,508,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Range Financial Group LLC acquired a new position in NIKE during the 4th quarter valued at about $642,000. Cacti Asset Management LLC acquired a new position in shares of NIKE in the 4th quarter worth approximately $9,987,000. Capricorn Fund Managers Ltd acquired a new position in shares of NIKE in the 4th quarter worth approximately $5,384,000. Klein Pavlis & Peasley Financial Inc. grew its stake in shares of NIKE by 31.1% in the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 25,835 shares of the footwear maker's stock worth $1,955,000 after purchasing an additional 6,124 shares during the last quarter. Finally, FNY Investment Advisers LLC grew its stake in shares of NIKE by 5,745.9% in the 4th quarter. FNY Investment Advisers LLC now owns 8,652 shares of the footwear maker's stock worth $654,000 after purchasing an additional 8,504 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company's stock.

Wall Street Analyst Weigh In

NKE has been the topic of several recent research reports. Morgan Stanley lowered their price objective on shares of NIKE from $80.00 to $74.00 and set an "equal weight" rating on the stock in a research note on Friday, December 20th. Barclays lowered their price objective on shares of NIKE from $79.00 to $70.00 and set an "equal weight" rating on the stock in a research note on Friday, December 20th. Robert W. Baird lowered their price objective on shares of NIKE from $110.00 to $105.00 and set an "outperform" rating on the stock in a research note on Monday, December 23rd. Bank of America decreased their target price on shares of NIKE from $95.00 to $90.00 and set a "buy" rating for the company in a report on Friday, December 20th. Finally, UBS Group reiterated a "neutral" rating and issued a $73.00 target price on shares of NIKE in a report on Thursday, December 26th. Fourteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.77.

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Insider Buying and Selling

In related news, Chairman Mark G. Parker sold 169,732 shares of the company's stock in a transaction on 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 completion of the sale, the chairman now directly owns 896,632 shares of the company's stock, valued at approximately $65,301,708.56. This represents a 15.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John W. Rogers, Jr. bought 2,500 shares of the business's stock in a transaction that occurred on Friday, December 27th. The shares were bought at an average price of $76.65 per share, with a total value of $191,625.00. Following the completion of the purchase, the director now owns 34,403 shares in the company, valued at approximately $2,636,989.95. The trade was a 7.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is owned by insiders.

NIKE Stock Performance

NKE stock opened at $73.62 on Thursday. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $108.89 billion, a price-to-earnings ratio of 22.72, a P/E/G ratio of 2.52 and a beta of 1.02. NIKE, Inc. has a 12 month low of $68.62 and a 12 month high of $102.49. The firm has a 50 day moving average of $74.73 and a two-hundred day moving average of $77.99.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $12.35 billion during the quarter, compared to the consensus estimate of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. NIKE's quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 EPS. As a group, equities analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors 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 dividend yield of 2.17%. The ex-dividend date is Monday, March 3rd. NIKE's dividend payout ratio is currently 49.38%.

NIKE 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.

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