Public Employees Retirement Association of Colorado Has $12.67 Million Position in NIKE, Inc. (NYSE:NKE)

Public Employees Retirement Association of Colorado cut its position in NIKE, Inc. (NYSE:NKE) by 89.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 168,045 shares of the footwear maker’s stock after selling 1,373,876 shares during the period. Public Employees Retirement Association of Colorado’s holdings in NIKE were worth $12,666,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Cim LLC bought a new stake in NIKE in the 4th quarter valued at approximately $14,275,000. TKG Advisors LLC acquired a new position in shares of NIKE during the 4th quarter worth approximately $1,012,000. Spartan Planning & Wealth Management bought a new stake in shares of NIKE during the 4th quarter worth approximately $182,000. Edmond DE Rothschild Holding S.A. boosted its holdings in shares of NIKE by 27.9% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 113,299 shares of the footwear maker’s stock valued at $12,301,000 after buying an additional 24,686 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in NIKE by 86.0% during the first quarter. Advisors Asset Management Inc. now owns 20,957 shares of the footwear maker’s stock worth $1,970,000 after buying an additional 9,689 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Chairman Mark G. Parker sold 110,000 shares of the business’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $72.97, for a total transaction of $8,026,700.00. Following the sale, the chairman now directly owns 1,102,090 shares in the company, valued at $80,419,507.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Chairman Mark G. Parker sold 110,000 shares of NIKE stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $72.97, for a total transaction of $8,026,700.00. Following the sale, the chairman now directly owns 1,102,090 shares in the company, valued at approximately $80,419,507.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Mark G. Parker sold 52,487 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the completion of the transaction, the chairman now owns 1,031,226 shares of the company’s stock, valued at $80,435,628. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

NIKE Stock Up 6.8 %

Shares of NYSE NKE opened at $86.52 on Friday. The company has a market cap of $130.59 billion, a price-to-earnings ratio of 23.20, a PEG ratio of 2.08 and a beta of 1.02. The company has a current ratio of 2.40, a quick ratio of 1.69 and a debt-to-equity ratio of 0.55. NIKE, Inc. has a 12 month low of $70.75 and a 12 month high of $123.39. The stock has a 50-day moving average price of $78.11 and a two-hundred day moving average price of $87.06.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, June 27th. The footwear maker reported $1.01 EPS for the quarter, beating the consensus estimate of $0.85 by $0.16. The business had revenue of $12.60 billion during the quarter, compared to the consensus estimate of $12.86 billion. NIKE had a net margin of 11.10% and a return on equity of 42.63%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.66 EPS. As a group, analysts forecast that NIKE, Inc. will post 3.06 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd will be given a dividend of $0.37 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.71%. NIKE’s dividend payout ratio is currently 39.68%.

Analysts Set New Price Targets

A number of brokerages have recently commented on NKE. Daiwa America downgraded shares of NIKE from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Robert W. Baird upped their price objective on NIKE from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday. Wedbush reduced their target price on NIKE from $115.00 to $97.00 and set an “outperform” rating for the company in a research note on Friday, June 28th. Citigroup dropped their price target on NIKE from $115.00 to $102.00 and set a “buy” rating on the stock in a research note on Friday, June 28th. Finally, KeyCorp restated a “sector weight” rating on shares of NIKE in a research report on Friday, June 28th. Fifteen investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $96.15.

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.