NIKE, Inc. (NYSE:NKE) Shares Sold by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC lessened its stake in shares of NIKE, Inc. (NYSE:NKE) by 13.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,422 shares of the footwear maker’s stock after selling 361 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in NIKE were worth $228,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of NKE. Norges Bank acquired a new stake in NIKE during the 4th quarter valued at $1,315,097,000. Price T Rowe Associates Inc. MD raised its position in shares of NIKE by 87.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,135,431 shares of the footwear maker’s stock worth $1,860,395,000 after buying an additional 7,996,434 shares during the period. Capital International Investors raised its position in shares of NIKE by 34.9% in the 4th quarter. Capital International Investors now owns 27,609,613 shares of the footwear maker’s stock worth $2,997,628,000 after buying an additional 7,143,775 shares during the period. Public Employees Retirement Association of Colorado raised its position in shares of NIKE by 13,094.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,563,253 shares of the footwear maker’s stock worth $169,722,000 after buying an additional 1,551,405 shares during the period. Finally, GUARDCAP ASSET MANAGEMENT Ltd raised its position in shares of NIKE by 25.5% in the 4th quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 4,714,494 shares of the footwear maker’s stock worth $511,853,000 after buying an additional 957,612 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Activity at NIKE

In other news, Director Robert Holmes Swan acquired 2,941 shares of the firm’s stock in a transaction on Friday, June 28th. The shares were purchased at an average cost of $77.02 per share, with a total value of $226,515.82. Following the completion of the purchase, the director now owns 20,946 shares of the company’s stock, valued at $1,613,260.92. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other NIKE news, VP Johanna Nielsen sold 282 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $93.64, for a total transaction of $26,406.48. Following the sale, the vice president now directly owns 730 shares of the company’s stock, valued at $68,357.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Holmes Swan purchased 2,941 shares of the firm’s stock in a transaction dated Friday, June 28th. The shares were bought at an average cost of $77.02 per share, for a total transaction of $226,515.82. Following the completion of the purchase, the director now directly owns 20,946 shares of the company’s stock, valued at $1,613,260.92. The disclosure for this purchase can be found here. Insiders have sold a total of 213,660 shares of company stock valued at $19,946,333 over the last quarter. 0.50% of the stock is owned by company insiders.

NIKE Stock Performance

NYSE NKE opened at $76.06 on Wednesday. The stock has a market cap of $114.80 billion, a P/E ratio of 20.39, a PEG ratio of 1.43 and a beta of 1.01. The company’s 50-day simple moving average is $92.94 and its 200 day simple moving average is $98.54. NIKE, Inc. has a twelve month low of $74.29 and a twelve month high of $123.39. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.55.

NIKE (NYSE:NKE) last posted its earnings results on Thursday, June 27th. The footwear maker reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.16. The business had revenue of $12.60 billion for the quarter, compared to analysts’ expectations of $12.86 billion. NIKE had a net margin of 11.10% and a return on equity of 42.63%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 earnings per share. As a group, research analysts forecast that NIKE, Inc. will post 3.47 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 3rd were paid a $0.37 dividend. The ex-dividend date was Monday, June 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.95%. NIKE’s payout ratio is currently 39.68%.

Analysts Set New Price Targets

NKE has been the topic of several research reports. Royal Bank of Canada cut their price objective on NIKE from $100.00 to $75.00 and set a “sector perform” rating on the stock in a research report on Tuesday. Telsey Advisory Group lowered their target price on NIKE from $115.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, June 28th. Wells Fargo & Company decreased their price target on NIKE from $115.00 to $92.00 and set an “overweight” rating for the company in a research note on Friday, June 28th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $115.00 target price on shares of NIKE in a research note on Thursday, June 13th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of NIKE in a report on Friday, June 28th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $98.04.

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.