Nike Inc (NKE) Shares Sold by Capital Investment Advisors LLC

Capital Investment Advisors LLC reduced its position in shares of Nike Inc (NYSE:NKE) by 3.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 21,704 shares of the footwear maker’s stock after selling 859 shares during the period. Capital Investment Advisors LLC’s holdings in Nike were worth $1,828,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tiemann Investment Advisors LLC raised its stake in Nike by 2.4% in the fourth quarter. Tiemann Investment Advisors LLC now owns 5,420 shares of the footwear maker’s stock valued at $402,000 after buying an additional 125 shares in the last quarter. Capital Insight Partners LLC raised its stake in Nike by 0.7% in the first quarter. Capital Insight Partners LLC now owns 17,819 shares of the footwear maker’s stock valued at $1,501,000 after buying an additional 126 shares in the last quarter. Baystate Wealth Management LLC raised its stake in Nike by 5.8% in the fourth quarter. Baystate Wealth Management LLC now owns 2,304 shares of the footwear maker’s stock valued at $185,000 after buying an additional 127 shares in the last quarter. Lee Danner & Bass Inc. raised its stake in Nike by 2.9% in the fourth quarter. Lee Danner & Bass Inc. now owns 5,071 shares of the footwear maker’s stock valued at $376,000 after buying an additional 144 shares in the last quarter. Finally, Bell & Brown Wealth Advisors LLC raised its stake in Nike by 0.8% in the fourth quarter. Bell & Brown Wealth Advisors LLC now owns 18,318 shares of the footwear maker’s stock valued at $1,358,000 after buying an additional 149 shares in the last quarter. Institutional investors and hedge funds own 65.62% of the company’s stock.

NKE stock opened at $86.83 on Tuesday. The firm has a market cap of $135.72 billion, a PE ratio of 35.88, a PEG ratio of 2.56 and a beta of 0.67. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.17 and a quick ratio of 1.43. Nike Inc has a 52 week low of $64.99 and a 52 week high of $88.59.



Nike (NYSE:NKE) last released its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.03. The business had revenue of $9.61 billion during the quarter, compared to the consensus estimate of $9.60 billion. Nike had a return on equity of 45.78% and a net margin of 10.79%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 EPS. On average, analysts forecast that Nike Inc will post 2.55 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.01%. Nike’s payout ratio is 36.36%.

In other news, EVP John F. Slusher sold 110,000 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $85.02, for a total transaction of $9,352,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark G. Parker sold 150,000 shares of the company’s stock in a transaction on Friday, January 18th. The stock was sold at an average price of $80.00, for a total value of $12,000,000.00. Following the sale, the chief executive officer now owns 1,687,863 shares of the company’s stock, valued at $135,029,040. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 576,500 shares of company stock valued at $46,807,665. Insiders own 3.90% of the company’s stock.

NKE has been the topic of a number of analyst reports. Canaccord Genuity restated a “buy” rating and issued a $95.00 price target on shares of Nike in a research note on Monday, December 17th. Guggenheim restated a “buy” rating and issued a $90.00 price target on shares of Nike in a research note on Friday, December 21st. UBS Group raised their price target on Nike from $77.00 to $78.00 and gave the company a “neutral” rating in a research note on Friday, December 21st. JPMorgan Chase & Co. upgraded Nike from a “neutral” rating to an “overweight” rating and set a $85.00 price target on the stock in a research note on Friday, December 21st. Finally, Pivotal Research upgraded Nike from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Friday, December 21st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $87.10.

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Nike Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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