Apella Capital LLC Has $469,000 Stake in NIKE, Inc. (NYSE:NKE)

Apella Capital LLC decreased its position in NIKE, Inc. (NYSE:NKE – Get Rating) by 8.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,011 shares of the footwear maker’s stock after selling 394 shares during the period. Apella Capital LLC’s holdings in NIKE were worth $469,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BCK Partners Inc. acquired a new stake in shares of NIKE during the 1st quarter valued at $2,839,000. Loomis Sayles & Co. L P lifted its stake in shares of NIKE by 138.2% in the 1st quarter. Loomis Sayles & Co. L P now owns 11,233 shares of the footwear maker’s stock valued at $1,511,000 after purchasing an additional 6,518 shares during the last quarter. Merit Financial Group LLC lifted its stake in shares of NIKE by 13.3% in the 1st quarter. Merit Financial Group LLC now owns 1,588 shares of the footwear maker’s stock valued at $214,000 after purchasing an additional 186 shares during the last quarter. Bridgewater Associates LP acquired a new stake in shares of NIKE in the 1st quarter valued at $278,000. Finally, Federated Hermes Inc. lifted its stake in shares of NIKE by 9.8% in the 1st quarter. Federated Hermes Inc. now owns 433,950 shares of the footwear maker’s stock valued at $58,392,000 after purchasing an additional 38,903 shares during the last quarter. Institutional investors and hedge funds own 63.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on NKE shares. OTR Global raised shares of NIKE from a “mixed” rating to a “positive” rating in a research note on Friday, March 10th. UBS Group set a $151.00 target price on shares of NIKE in a report on Monday, March 13th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of NIKE from $126.00 to $133.00 and gave the stock a “buy” rating in a report on Wednesday, December 21st. BMO Capital Markets lifted their target price on shares of NIKE from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, December 21st. Finally, Jefferies Financial Group set a $140.00 target price on shares of NIKE in a report on Monday, January 2nd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, NIKE has a consensus rating of “Moderate Buy” and a consensus target price of $129.66.

Insider Transactions at NIKE

In other NIKE news, Director Peter B. Henry purchased 557 shares of the stock in a transaction that occurred on Tuesday, February 7th. The shares were acquired at an average cost of $125.45 per share, with a total value of $69,875.65. Following the completion of the transaction, the director now owns 4,062 shares in the company, valued at $509,577.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Monique S. Matheson sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 6th. The shares were sold at an average price of $124.00, for a total value of $620,000.00. Following the transaction, the executive vice president now owns 60,213 shares in the company, valued at approximately $7,466,412. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter B. Henry purchased 557 shares of the firm’s stock in a transaction on Tuesday, February 7th. The shares were acquired at an average price of $125.45 per share, with a total value of $69,875.65. Following the purchase, the director now directly owns 4,062 shares in the company, valued at approximately $509,577.90. The disclosure for this purchase can be found here. 0.40% of the stock is currently owned by corporate insiders.

NIKE Stock Down 0.2 %

Shares of NYSE:NKE opened at $120.39 on Friday. NIKE, Inc. has a 52 week low of $82.22 and a 52 week high of $139.86. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.78 and a current ratio of 2.69. The company has a market capitalization of $186.67 billion, a PE ratio of 33.91, a PEG ratio of 3.81 and a beta of 1.10. The company has a 50 day moving average price of $123.67 and a two-hundred day moving average price of $109.91.

NIKE (NYSE:NKE – Get Rating) last issued its quarterly earnings data on Tuesday, December 20th. The footwear maker reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.20. NIKE had a net margin of 11.47% and a return on equity of 36.83%. The company had revenue of $13.32 billion during the quarter, compared to the consensus estimate of $12.61 billion. Analysts forecast that NIKE, Inc. will post 3.13 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Monday, March 6th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Friday, March 3rd. NIKE’s dividend payout ratio is presently 38.31%.

NIKE Profile

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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.