ICW Investment Advisors LLC Sells 501 Shares of NIKE, Inc. (NYSE:NKE)

ICW Investment Advisors LLC decreased its stake in NIKE, Inc. (NYSE:NKE) by 2.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 18,126 shares of the footwear maker’s stock after selling 501 shares during the quarter. ICW Investment Advisors LLC’s holdings in NIKE were worth $1,372,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NKE. Thrivent Financial for Lutherans grew its holdings in shares of NIKE by 4.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 66,417 shares of the footwear maker’s stock valued at $5,875,000 after acquiring an additional 2,843 shares in the last quarter. LPL Financial LLC grew its holdings in NIKE by 19.3% during the third quarter. LPL Financial LLC now owns 1,028,131 shares of the footwear maker’s stock worth $90,887,000 after purchasing an additional 166,127 shares during the period. Pacer Advisors Inc. grew its holdings in NIKE by 3.2% during the third quarter. Pacer Advisors Inc. now owns 111,285 shares of the footwear maker’s stock worth $9,838,000 after purchasing an additional 3,464 shares during the period. Eagle Asset Management Inc. grew its holdings in NIKE by 36.2% during the third quarter. Eagle Asset Management Inc. now owns 16,698 shares of the footwear maker’s stock worth $1,476,000 after purchasing an additional 4,440 shares during the period. Finally, Meridian Wealth Management LLC bought a new position in NIKE during the third quarter worth about $261,000. Institutional investors own 64.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on NKE shares. BMO Capital Markets reduced their price target on NIKE from $95.00 to $92.00 and set an “outperform” rating for the company in a report on Friday. DA Davidson upgraded NIKE to a “strong-buy” rating in a report on Monday, December 23rd. Evercore ISI reduced their price target on NIKE from $105.00 to $97.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Telsey Advisory Group reiterated a “market perform” rating and set a $80.00 price target on shares of NIKE in a report on Monday, March 17th. Finally, Barclays cut their price objective on shares of NIKE from $79.00 to $70.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Fifteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, NIKE has a consensus rating of “Moderate Buy” and an average price target of $87.38.

NIKE Stock Performance

NYSE NKE opened at $68.02 on Monday. The firm’s fifty day moving average price is $74.70 and its two-hundred day moving average price is $77.40. The stock has a market cap of $100.60 billion, a PE ratio of 20.99, a PEG ratio of 2.52 and a beta of 1.02. NIKE, Inc. has a fifty-two week low of $65.17 and a fifty-two week high of $98.04. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22.

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

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.35%. NIKE’s dividend payout ratio is 53.16%.

Insider Buying and Selling

In other NIKE news, Director John W. Rogers, Jr. acquired 2,500 shares of NIKE stock in a transaction that occurred on Friday, December 27th. The shares were bought at an average price of $76.65 per share, with a total value of $191,625.00. Following the completion of the purchase, the director now directly owns 34,403 shares in the company, valued at $2,636,989.95. This trade represents a 7.84 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the business’s 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 completion of the sale, the chairman now directly owns 896,632 shares in the company, valued at approximately $65,301,708.56. This represents a 15.92 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

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.