Nissay Asset Management Corp Japan ADV Sells 3,850 Shares of NIKE, Inc. (NYSE:NKE)

Nissay Asset Management Corp Japan ADV trimmed its holdings in shares of NIKE, Inc. (NYSE:NKE) by 1.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 243,541 shares of the footwear maker’s stock after selling 3,850 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in NIKE were worth $18,611,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NKE. Heck Capital Advisors LLC bought a new position in shares of NIKE during the 4th quarter worth about $28,000. Caitlin John LLC lifted its holdings in shares of NIKE by 117.0% during the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock worth $28,000 after acquiring an additional 200 shares during the period. Roxbury Financial LLC bought a new position in shares of NIKE during the 4th quarter worth about $30,000. LFA Lugano Financial Advisors SA lifted its holdings in shares of NIKE by 110.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock worth $30,000 after acquiring an additional 210 shares during the period. Finally, Hopwood Financial Services Inc. bought a new position in shares of NIKE during the 4th quarter worth about $30,000. 64.25% of the stock is owned by institutional investors.

NIKE Trading Down 1.0%

Shares of NYSE NKE opened at $61.77 on Thursday. The company’s 50 day simple moving average is $61.57 and its 200 day simple moving average is $70.96. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $98.04. The firm has a market capitalization of $91.37 billion, a P/E ratio of 19.06, a P/E/G ratio of 2.52 and a beta of 1.23. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51.

NIKE (NYSE:NKE) last issued its earnings results on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, beating the consensus estimate of $0.28 by $0.26. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. During the same quarter in the prior year, the firm earned $0.98 earnings per share. The business’s quarterly revenue was down 9.1% on a year-over-year basis. On average, analysts predict that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.59%. The ex-dividend date is Monday, June 2nd. NIKE’s payout ratio is presently 53.16%.

Insider Buying and Selling at NIKE

In other news, Director Robert Holmes Swan bought 8,600 shares of the stock in a transaction on Friday, April 4th. The stock was purchased at an average price of $58.46 per share, with a total value of $502,756.00. Following the completion of the purchase, the director now owns 31,983 shares of the company’s stock, valued at approximately $1,869,726.18. This trade represents a 36.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the sale, the chairman now directly owns 896,632 shares of the company’s stock, valued at $65,301,708.56. This represents a 15.92% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Williams Trading cut their price target on shares of NIKE from $93.00 to $73.00 and set a “buy” rating for the company in a report on Monday, April 21st. Bank of America cut their price target on shares of NIKE from $90.00 to $80.00 and set a “buy” rating for the company in a report on Friday, April 25th. Stifel Nicolaus cut their price target on shares of NIKE from $75.00 to $64.00 and set a “hold” rating for the company in a report on Thursday, April 10th. Berenberg Bank assumed coverage on shares of NIKE in a report on Tuesday, April 15th. They set a “hold” rating and a $58.00 price target for the company. Finally, BMO Capital Markets cut their price target on shares of NIKE from $95.00 to $92.00 and set an “outperform” rating for the company in a report on Friday, March 21st. Seventeen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, NIKE has a consensus rating of “Moderate Buy” and a consensus target price of $80.30.

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.