Tenere Capital LLC Has $14.04 Million Stock Holdings in NIKE, Inc. (NYSE:NKE)

Tenere Capital LLC lessened its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 23.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,562 shares of the footwear maker's stock after selling 56,161 shares during the quarter. NIKE comprises approximately 3.7% of Tenere Capital LLC's investment portfolio, making the stock its 13th biggest holding. Tenere Capital LLC's holdings in NIKE were worth $14,041,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NKE. T. Rowe Price Investment Management Inc. boosted its holdings in NIKE by 79.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 173,792 shares of the footwear maker's stock worth $13,151,000 after buying an additional 77,044 shares during the last quarter. MGO One Seven LLC increased its position in shares of NIKE by 55.3% in the 4th quarter. MGO One Seven LLC now owns 26,027 shares of the footwear maker's stock valued at $1,969,000 after buying an additional 9,268 shares in the last quarter. Alta Advisers Ltd lifted its holdings in NIKE by 16.5% during the fourth quarter. Alta Advisers Ltd now owns 3,961 shares of the footwear maker's stock worth $300,000 after acquiring an additional 561 shares in the last quarter. Manchester Global Management UK Ltd bought a new stake in shares of NIKE in the fourth quarter worth about $37,656,000. Finally, Soros Capital Management LLC grew its position in shares of NIKE by 8.5% in the 4th quarter. Soros Capital Management LLC now owns 39,914 shares of the footwear maker's stock valued at $3,020,000 after purchasing an additional 3,110 shares during the period. 64.25% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NIKE

In related news, Chairman Mark G. Parker sold 169,732 shares of NIKE stock in a transaction that occurred 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 sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert Holmes Swan acquired 8,600 shares of the company's stock in a transaction that occurred on Friday, April 4th. The stock was bought at an average cost of $58.46 per share, with a total value of $502,756.00. Following the purchase, the director now owns 31,983 shares in the company, valued at $1,869,726.18. The trade was a 36.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company's stock.

NIKE Price Performance

NIKE stock traded down $0.82 during trading hours on Friday, reaching $57.66. 17,132,246 shares of the stock were exchanged, compared to its average volume of 14,393,344. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The company has a market cap of $85.29 billion, a P/E ratio of 17.80, a price-to-earnings-growth ratio of 2.52 and a beta of 1.15. The stock has a 50 day moving average of $66.75 and a two-hundred day moving average of $73.01. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $98.04.

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

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.77%. The ex-dividend date was Monday, March 3rd. NIKE's dividend payout ratio (DPR) is presently 53.16%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NKE. Citigroup lowered shares of NIKE from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $102.00 to $72.00 in a report on Friday, February 7th. Morgan Stanley cut their price target on NIKE from $72.00 to $70.00 and set an "equal weight" rating on the stock in a report on Friday, March 21st. The Goldman Sachs Group decreased their price target on shares of NIKE from $88.00 to $72.00 and set a "buy" rating for the company in a research note on Tuesday. Stifel Nicolaus decreased their price objective on NIKE from $75.00 to $64.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Finally, JPMorgan Chase & Co. dropped their target price on NIKE from $73.00 to $64.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Sixteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $82.81.

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.