NIKE, Inc. (NYSE:NKE) Holdings Trimmed by Blair William & Co. IL

Blair William & Co. IL decreased its holdings in shares of NIKE, Inc. (NYSE:NKE) by 4.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 541,539 shares of the footwear maker’s stock after selling 26,046 shares during the period. Blair William & Co. IL’s holdings in NIKE were worth $83,662,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. OLD Mission Capital LLC purchased a new position in NIKE in the 3rd quarter worth about $338,000. Rafferty Asset Management LLC increased its stake in NIKE by 107.4% in the 1st quarter. Rafferty Asset Management LLC now owns 8,952 shares of the footwear maker’s stock worth $1,190,000 after purchasing an additional 4,636 shares in the last quarter. Summit X LLC purchased a new position in NIKE in the 1st quarter worth about $909,000. Strategic Blueprint LLC increased its stake in NIKE by 11.7% in the 1st quarter. Strategic Blueprint LLC now owns 3,279 shares of the footwear maker’s stock worth $436,000 after purchasing an additional 344 shares in the last quarter. Finally, Rational Advisors LLC increased its stake in NIKE by 21.9% in the 1st quarter. Rational Advisors LLC now owns 27,839 shares of the footwear maker’s stock worth $3,700,000 after purchasing an additional 5,000 shares in the last quarter. 64.45% of the stock is currently owned by institutional investors.

In other news, VP Chris L. Abston sold 18,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 29th. The shares were sold at an average price of $155.00, for a total transaction of $2,790,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Matthew Friend sold 43,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 3rd. The stock was sold at an average price of $170.00, for a total transaction of $7,310,000.00. The disclosure for this sale can be found here. Insiders have sold 306,671 shares of company stock worth $49,513,487 over the last quarter. 3.70% of the stock is owned by company insiders.

NKE has been the topic of several research analyst reports. Robert W. Baird lifted their target price on NIKE from $150.00 to $192.00 and gave the company an “outperform” rating in a research note on Friday, June 25th. Deutsche Bank Aktiengesellschaft reduced their price target on NIKE from $179.00 to $171.00 and set a “buy” rating for the company in a report on Monday, September 20th. Morgan Stanley reduced their target price on NIKE from $221.00 to $201.00 and set an “overweight” rating for the company in a report on Friday. KGI Securities assumed coverage on NIKE in a report on Tuesday, July 6th. They issued an “outperform” rating for the company. Finally, Barclays reduced their target price on NIKE from $194.00 to $185.00 and set an “overweight” rating for the company in a report on Monday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $174.13.

Shares of NYSE:NKE traded down $1.28 on Monday, hitting $148.31. The stock had a trading volume of 272,232 shares, compared to its average volume of 6,440,750. NIKE, Inc. has a twelve month low of $118.80 and a twelve month high of $174.38. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.01 and a current ratio of 2.72. The firm’s 50 day moving average price is $164.95 and its 200-day moving average price is $147.80. The company has a market capitalization of $234.60 billion, a price-to-earnings ratio of 42.02, a price-to-earnings-growth ratio of 2.49 and a beta of 0.87.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Wednesday, September 22nd. The footwear maker reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.04. NIKE had a net margin of 12.86% and a return on equity of 51.41%. The firm had revenue of $12.25 billion during the quarter, compared to analysts’ expectations of $12.47 billion. During the same quarter last year, the company posted $0.95 EPS. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. As a group, sell-side analysts predict that NIKE, Inc. will post 4.3 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 1st. Stockholders of record on Monday, August 30th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Friday, August 27th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.74%. NIKE’s payout ratio is 30.90%.

NIKE Profile

NIKE, Inc engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America; Europe, Middle East & Africa; Greater China; Asia Pacific & Latin America; Global Brand Divisions; Converse; and Corporate.

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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