NIKE, Inc. (NYSE:NKE) Shares Sold by Mogy Joel R Investment Counsel Inc.

Mogy Joel R Investment Counsel Inc. lowered its position in NIKE, Inc. (NYSE:NKE) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,704 shares of the footwear maker’s stock after selling 1,130 shares during the quarter. NIKE accounts for approximately 1.0% of Mogy Joel R Investment Counsel Inc.’s holdings, making the stock its 28th biggest holding. Mogy Joel R Investment Counsel Inc.’s holdings in NIKE were worth $13,648,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Oliver Luxxe Assets LLC lifted its stake in NIKE by 2.9% during the third quarter. Oliver Luxxe Assets LLC now owns 37,510 shares of the footwear maker’s stock valued at $3,587,000 after purchasing an additional 1,041 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of NIKE in the 4th quarter valued at approximately $8,034,000. Financial Gravity Asset Management Inc. lifted its position in shares of NIKE by 2,332.5% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 184,042 shares of the footwear maker’s stock valued at $17,598,000 after acquiring an additional 176,476 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of NIKE by 10,184.3% in the 4th quarter. International Assets Investment Management LLC now owns 388,131 shares of the footwear maker’s stock valued at $42,139,000 after acquiring an additional 384,357 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC lifted its position in shares of NIKE by 55.6% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 194,164 shares of the footwear maker’s stock valued at $21,080,000 after acquiring an additional 69,363 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Wall Street Analyst Weigh In

NKE has been the topic of several research reports. Telsey Advisory Group dropped their price objective on shares of NIKE from $140.00 to $120.00 and set an “outperform” rating on the stock in a research note on Monday, March 18th. Oppenheimer lowered shares of NIKE from an “outperform” rating to a “market perform” rating and set a $110.00 price objective on the stock. in a research note on Friday, February 16th. Barclays dropped their price objective on shares of NIKE from $142.00 to $114.00 and set an “overweight” rating on the stock in a research note on Monday, March 25th. The Goldman Sachs Group dropped their price target on shares of NIKE from $135.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Finally, Wedbush restated an “outperform” rating and set a $115.00 price target on shares of NIKE in a research note on Wednesday, March 27th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $116.26.

NIKE Price Performance

Shares of NIKE stock traded up $0.18 during trading on Friday, hitting $94.12. 6,115,744 shares of the company’s stock traded hands, compared to its average volume of 9,124,711. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89. The firm’s fifty day moving average price is $96.96 and its 200 day moving average price is $103.30. NIKE, Inc. has a twelve month low of $88.66 and a twelve month high of $128.68. The company has a market cap of $142.06 billion, a PE ratio of 27.68, a PEG ratio of 1.81 and a beta of 1.08.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.29. NIKE had a net margin of 10.14% and a return on equity of 39.41%. The firm had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.28 billion. Analysts forecast that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.57%. The ex-dividend date was Friday, March 1st. NIKE’s dividend 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.