NIKE, Inc. (NYSE:NKE) Shares Sold by Dakota Wealth Management

Dakota Wealth Management trimmed its position in shares of NIKE, Inc. (NYSE:NKE) by 8.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,765 shares of the footwear maker’s stock after selling 3,569 shares during the period. Dakota Wealth Management’s holdings in NIKE were worth $3,009,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Public Sector Pension Investment Board lifted its position in shares of NIKE by 71.5% during the second quarter. Public Sector Pension Investment Board now owns 46,500 shares of the footwear maker’s stock worth $3,505,000 after purchasing an additional 19,390 shares in the last quarter. NBW Capital LLC lifted its holdings in NIKE by 33.8% during the 2nd quarter. NBW Capital LLC now owns 63,614 shares of the footwear maker’s stock worth $4,795,000 after buying an additional 16,075 shares in the last quarter. EDENTREE ASSET MANAGEMENT Ltd lifted its holdings in NIKE by 7.6% during the 2nd quarter. EDENTREE ASSET MANAGEMENT Ltd now owns 132,074 shares of the footwear maker’s stock worth $9,953,000 after buying an additional 9,350 shares in the last quarter. DoubleLine ETF Adviser LP purchased a new position in NIKE in the 2nd quarter valued at approximately $2,454,000. Finally, Delta Investment Management LLC grew its stake in shares of NIKE by 179.5% in the second quarter. Delta Investment Management LLC now owns 8,233 shares of the footwear maker’s stock worth $621,000 after acquiring an additional 5,287 shares in the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on NKE. Royal Bank of Canada decreased their target price on NIKE from $82.00 to $80.00 and set a “sector perform” rating for the company in a report on Thursday, November 7th. Robert W. Baird decreased their price objective on NIKE from $110.00 to $105.00 and set an “outperform” rating for the company in a research note on Monday, December 23rd. Bank of America cut their target price on shares of NIKE from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of NIKE from $92.00 to $82.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Finally, Evercore ISI dropped their price objective on shares of NIKE from $105.00 to $97.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Fourteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $89.96.

Insider Buying and Selling at NIKE

In related news, Director John W. Rogers, Jr. acquired 2,500 shares of NIKE stock in a transaction dated Friday, December 27th. The shares were acquired at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the transaction, the director now directly owns 34,403 shares of the company’s stock, valued at $2,636,989.95. The trade was a 7.84 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

NIKE Stock Up 1.2 %

Shares of NYSE NKE opened at $74.07 on Thursday. The stock has a market capitalization of $109.56 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 2.25 and a beta of 1.02. NIKE, Inc. has a 52 week low of $70.32 and a 52 week high of $107.43. The firm has a 50-day moving average price of $75.59 and a 200 day moving average price of $77.91. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE) last posted its earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.15. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company had revenue of $12.35 billion for the quarter, compared to the consensus estimate of $12.11 billion. During the same period in the previous year, the business earned $1.03 earnings per share. NIKE’s quarterly revenue was down 7.7% compared to the same quarter last year. Equities research analysts anticipate that NIKE, Inc. will post 2.1 EPS for the current fiscal year.

NIKE Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.16%. This is a boost from NIKE’s previous quarterly dividend of $0.37. NIKE’s payout ratio is presently 49.38%.

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.