NIKE, Inc. (NYSE:NKE) Shares Sold by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC trimmed its stake in shares of NIKE, Inc. (NYSE:NKE) by 52.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,596 shares of the footwear maker’s stock after selling 6,088 shares during the period. Kesler Norman & Wride LLC’s holdings in NIKE were worth $495,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NKE. XML Financial LLC acquired a new stake in NIKE during the fourth quarter worth about $214,000. Bellevue Group AG purchased a new position in NIKE during the fourth quarter worth approximately $369,000. MGO One Seven LLC boosted its position in NIKE by 4.8% during the fourth quarter. MGO One Seven LLC now owns 18,637 shares of the footwear maker’s stock worth $2,023,000 after purchasing an additional 857 shares in the last quarter. Icon Wealth Advisors LLC purchased a new position in NIKE during the fourth quarter worth approximately $1,820,000. Finally, Ethic Inc. boosted its position in NIKE by 20.2% during the fourth quarter. Ethic Inc. now owns 110,921 shares of the footwear maker’s stock worth $12,043,000 after purchasing an additional 18,645 shares in the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NIKE news, Chairman Mark G. Parker sold 52,487 shares of NIKE stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the completion of the sale, the chairman now directly owns 1,031,226 shares of the company’s stock, valued at $80,435,628. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of NIKE 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 completion of the sale, the chairman now directly owns 1,102,090 shares of the company’s stock, valued at $80,419,507.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Mark G. Parker sold 52,487 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $78.00, for a total value of $4,093,986.00. Following the completion of the sale, the chairman now directly owns 1,031,226 shares of the company’s stock, valued at $80,435,628. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.

NIKE Trading Down 0.1 %

NKE opened at $80.77 on Wednesday. NIKE, Inc. has a 12 month low of $70.75 and a 12 month high of $123.39. The stock has a market capitalization of $121.91 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 2.30 and a beta of 1.02. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.40 and a quick ratio of 1.69. The business has a fifty day moving average price of $81.05 and a 200 day moving average price of $85.91.

NIKE (NYSE:NKE) last released its earnings results on Tuesday, October 1st. The footwear maker reported $0.70 EPS for the quarter, topping the consensus estimate of $0.52 by $0.18. NIKE had a return on equity of 42.63% and a net margin of 11.10%. The firm had revenue of $11.59 billion during the quarter, compared to analysts’ expectations of $11.64 billion. During the same period in the previous year, the firm posted $0.94 EPS. NIKE’s revenue for the quarter was down 10.4% on a year-over-year basis. Sell-side analysts expect that NIKE, Inc. will post 3.04 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend was Tuesday, September 3rd. NIKE’s dividend payout ratio (DPR) is 39.68%.

Analyst Ratings Changes

A number of brokerages have issued reports on NKE. Stifel Nicolaus lowered their price target on NIKE from $88.00 to $79.00 and set a “hold” rating on the stock in a research report on Monday, August 26th. Morgan Stanley increased their price target on NIKE from $79.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Daiwa America downgraded NIKE from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Citigroup decreased their target price on NIKE from $115.00 to $102.00 and set a “buy” rating on the stock in a research report on Friday, June 28th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on NIKE from $95.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, October 2nd. Fifteen analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $96.04.

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.