NIKE, Inc. (NYSE:NKE) Shares Sold by Paladin Advisory Group LLC

Paladin Advisory Group LLC trimmed its holdings in NIKE, Inc. (NYSE:NKE) by 13.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,465 shares of the footwear maker’s stock after selling 230 shares during the period. Paladin Advisory Group LLC’s holdings in NIKE were worth $93,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its holdings in shares of NIKE by 1,302.7% during the fourth quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker’s stock worth $196,901,000 after buying an additional 2,416,601 shares in the last quarter. Capitolis Liquid Global Markets LLC grew its holdings in shares of NIKE by 40.9% during the fourth quarter. Capitolis Liquid Global Markets LLC now owns 310,000 shares of the footwear maker’s stock worth $23,458,000 after buying an additional 90,000 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of NIKE by 8.3% during the fourth quarter. Janus Henderson Group PLC now owns 6,081,021 shares of the footwear maker’s stock worth $460,160,000 after buying an additional 463,470 shares in the last quarter. Markel Group Inc. grew its holdings in shares of NIKE by 0.8% during the fourth quarter. Markel Group Inc. now owns 432,400 shares of the footwear maker’s stock worth $32,720,000 after buying an additional 3,500 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its holdings in shares of NIKE by 3.3% during the fourth quarter. Evergreen Capital Management LLC now owns 237,199 shares of the footwear maker’s stock worth $18,042,000 after buying an additional 7,536 shares in the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE Stock Down 1.1%

Shares of NYSE:NKE opened at $63.15 on Thursday. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The company has a fifty day simple moving average of $59.09 and a 200 day simple moving average of $68.97. The firm has a market cap of $93.41 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 2.52 and a beta of 1.21. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $98.04.

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

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be paid a $0.40 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.53%. NIKE’s dividend payout ratio (DPR) is presently 53.16%.

Insider Buying and Selling

In other NIKE 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, for a total transaction of $502,756.00. Following the completion of the purchase, the director now directly owns 31,983 shares in the company, valued at approximately $1,869,726.18. This trade represents a 36.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

NKE has been the subject of a number of recent research reports. Cfra Research upgraded shares of NIKE to a “moderate buy” rating in a report on Friday, March 21st. Stifel Nicolaus lowered their target price 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. Bank of America lowered their target price 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. The Goldman Sachs Group lowered their target price on shares of NIKE from $88.00 to $72.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Finally, Telsey Advisory Group lowered their target price on shares of NIKE from $80.00 to $70.00 and set a “market perform” rating for the company in a report on Tuesday, May 6th. Seventeen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, NIKE currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.26.

NIKE 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.