Gleason Group Inc. Trims Stock Holdings in NIKE, Inc. (NYSE:NKE)

Gleason Group Inc. decreased its holdings in NIKE, Inc. (NYSE:NKE) by 73.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 594 shares of the footwear maker’s stock after selling 1,606 shares during the period. Gleason Group Inc.’s holdings in NIKE were worth $45,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of the company. Prosperity Consulting Group LLC boosted its position in NIKE by 12.9% during the second quarter. Prosperity Consulting Group LLC now owns 3,309 shares of the footwear maker’s stock valued at $249,000 after purchasing an additional 379 shares in the last quarter. J.W. Cole Advisors Inc. grew its holdings in NIKE by 5.1% in the second quarter. J.W. Cole Advisors Inc. now owns 11,171 shares of the footwear maker’s stock valued at $842,000 after purchasing an additional 543 shares during the period. Quilter Plc raised its holdings in shares of NIKE by 10.0% during the second quarter. Quilter Plc now owns 389,224 shares of the footwear maker’s stock valued at $29,336,000 after acquiring an additional 35,277 shares during the last quarter. Fairfield Financial Advisors LTD acquired a new stake in NIKE in the 2nd quarter valued at about $102,000. Finally, Marble Harbor Investment Counsel LLC increased its position in NIKE by 2.0% during the second quarter. Marble Harbor Investment Counsel LLC now owns 8,835 shares of the footwear maker’s stock worth $666,000 after purchasing an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Price Performance

NKE stock opened at $72.16 on Tuesday. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.57. The firm has a market cap of $106.73 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 1.89 and a beta of 1.02. The company’s fifty day simple moving average is $76.19 and its 200 day simple moving average is $78.09. NIKE, Inc. has a 12-month low of $70.75 and a 12-month high of $107.43.

NIKE (NYSE:NKE) last released its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.15. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The firm had revenue of $12.35 billion during the quarter, compared to the consensus estimate of $12.11 billion. During the same period in the prior year, the firm earned $1.03 EPS. The company’s revenue was down 7.7% compared to the same quarter last year. On average, analysts expect that NIKE, Inc. will post 2.72 earnings per share for the current year.

NIKE Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, December 2nd. This is a boost from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a dividend yield of 2.22%. NIKE’s payout ratio is 49.38%.

Analyst Ratings Changes

A number of brokerages recently weighed in on NKE. Sanford C. Bernstein dropped their price objective on shares of NIKE from $112.00 to $109.00 and set an “outperform” rating for the company in a report on Thursday, September 19th. Deutsche Bank Aktiengesellschaft decreased their price target on NIKE from $92.00 to $82.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. Morgan Stanley decreased their price objective on shares of NIKE from $80.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Evercore ISI decreased their price target on shares of NIKE from $105.00 to $97.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Finally, Stifel Nicolaus reduced their target price on NIKE from $79.00 to $75.00 and set a “hold” rating on the stock in a research report on Friday, December 20th. Fourteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, NIKE has a consensus rating of “Moderate Buy” and a consensus price target of $89.96.

Insiders Place Their Bets

In other news, Director John W. Rogers, Jr. acquired 2,500 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The stock was bought at an average price of $76.65 per share, with a total value of $191,625.00. Following the completion of the acquisition, the director now directly owns 34,403 shares of the company’s stock, valued at approximately $2,636,989.95. The trade was a 7.84 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by company insiders.

About NIKE

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.