NIKE, Inc. (NYSE:NKE) Shares Sold by Sigma Planning Corp

Sigma Planning Corp reduced its position in NIKE, Inc. (NYSE:NKE) by 45.9% in the 4th quarter, Holdings Channel reports. The firm owned 10,572 shares of the footwear maker’s stock after selling 8,985 shares during the quarter. Sigma Planning Corp’s holdings in NIKE were worth $1,148,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of NKE. Impact Partnership Wealth LLC increased its stake in shares of NIKE by 220.7% in the 3rd quarter. Impact Partnership Wealth LLC now owns 263 shares of the footwear maker’s stock worth $25,000 after acquiring an additional 181 shares during the last quarter. Iron Horse Wealth Management LLC increased its stake in shares of NIKE by 120.7% in the 4th quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock worth $28,000 after acquiring an additional 140 shares during the last quarter. Planned Solutions Inc. acquired a new stake in shares of NIKE in the 4th quarter worth $29,000. Raleigh Capital Management Inc. increased its stake in shares of NIKE by 134.2% in the 3rd quarter. Raleigh Capital Management Inc. now owns 377 shares of the footwear maker’s stock worth $36,000 after acquiring an additional 216 shares during the last quarter. Finally, Stephens Consulting LLC increased its stake in shares of NIKE by 160.0% in the 3rd quarter. Stephens Consulting LLC now owns 390 shares of the footwear maker’s stock worth $37,000 after acquiring an additional 240 shares during the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NKE has been the subject of a number of research analyst reports. Robert W. Baird lowered their price target on NIKE from $140.00 to $125.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Stifel Nicolaus lowered their price target on NIKE from $129.00 to $117.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Williams Trading reiterated a “sell” rating and set a $85.00 price target (down from $92.00) on shares of NIKE in a report on Monday, March 18th. Morgan Stanley lowered their price target on NIKE from $124.00 to $116.00 and set an “overweight” rating for the company in a report on Wednesday, March 27th. Finally, Sanford C. Bernstein lowered their target price on NIKE from $134.00 to $120.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $116.26.

NIKE Stock Down 0.3 %

NIKE stock opened at $94.20 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74. The firm has a market capitalization of $142.18 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09. NIKE, Inc. has a fifty-two week low of $88.66 and a fifty-two week high of $128.68. The stock’s fifty day moving average is $97.85 and its two-hundred day moving average is $103.46.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.29. The business had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. Analysts predict that NIKE, Inc. will post 3.73 EPS for the current fiscal year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend was Friday, March 1st. NIKE’s payout ratio is currently 43.53%.

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.