NIKE (NYSE:NKE) Shares Down 1.5% - Should You Sell?

NIKE, Inc. (NYSE:NKE - Get Free Report)'s share price fell 1.5% on Tuesday . The company traded as low as $54.42 and last traded at $54.57. 4,020,805 shares were traded during trading, a decline of 71% from the average session volume of 14,055,326 shares. The stock had previously closed at $55.41.

Wall Street Analyst Weigh In

NKE has been the topic of a number of research analyst reports. Morgan Stanley dropped their price target on NIKE from $72.00 to $70.00 and set an "equal weight" rating on the stock in a research note on Friday, March 21st. Cfra Research raised shares of NIKE to a "moderate buy" rating in a research note on Friday, March 21st. Bank of America decreased their target price on NIKE from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, December 20th. Telsey Advisory Group reiterated a "market perform" rating and issued a $80.00 price objective on shares of NIKE in a report on Monday, March 17th. Finally, Citigroup cut shares of NIKE from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $102.00 to $72.00 in a research note on Friday, February 7th. Sixteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, NIKE presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.15.

NIKE Stock Performance

The stock's fifty day simple moving average is $68.39 and its 200-day simple moving average is $73.85. The company has a market capitalization of $82.44 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 2.52 and a beta of 1.15. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company's revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 EPS. Analysts predict that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Monday, March 3rd. NIKE's dividend payout ratio is currently 53.16%.

Insider Buying and Selling at NIKE

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The stock was 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 owns 896,632 shares in the company, valued at $65,301,708.56. This trade represents a 15.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Holmes Swan bought 8,600 shares of the company's stock in a transaction dated 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 transaction, the director now directly owns 31,983 shares in the company, valued at approximately $1,869,726.18. The trade was a 36.78 % increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On NIKE

Several institutional investors have recently modified their holdings of NKE. JNBA Financial Advisors boosted its stake in shares of NIKE by 1.3% during the 4th quarter. JNBA Financial Advisors now owns 10,045 shares of the footwear maker's stock worth $760,000 after acquiring an additional 131 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its position in NIKE by 0.7% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 20,446 shares of the footwear maker's stock worth $1,547,000 after acquiring an additional 136 shares during the last quarter. Elgethun Capital Management lifted its position in shares of NIKE by 13.7% during the 4th quarter. Elgethun Capital Management now owns 1,236 shares of the footwear maker's stock worth $94,000 after purchasing an additional 149 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of NIKE by 1.0% in the fourth quarter. GAMMA Investing LLC now owns 15,014 shares of the footwear maker's stock valued at $1,136,000 after acquiring an additional 150 shares during the period. Finally, Game Plan Financial Advisors LLC boosted its holdings in NIKE by 11.1% in the 4th quarter. Game Plan Financial Advisors LLC now owns 1,500 shares of the footwear maker's stock valued at $114,000 after purchasing an additional 150 shares during the period. Institutional investors own 64.25% of the company's stock.

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.