Motley Fool Asset Management LLC Has $4.70 Million Stock Position in NIKE, Inc. (NYSE:NKE)

Motley Fool Asset Management LLC cut its holdings in NIKE, Inc. (NYSE:NKE) by 8.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,087 shares of the footwear maker’s stock after selling 5,718 shares during the period. Motley Fool Asset Management LLC’s holdings in NIKE were worth $4,698,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of NKE. World Investment Advisors grew its position in shares of NIKE by 25.9% during the 4th quarter. World Investment Advisors now owns 49,125 shares of the footwear maker’s stock worth $3,717,000 after purchasing an additional 10,107 shares in the last quarter. Westpac Banking Corp grew its position in NIKE by 2.8% during the fourth quarter. Westpac Banking Corp now owns 18,317 shares of the footwear maker’s stock worth $1,386,000 after buying an additional 507 shares in the last quarter. Intrepid Capital Management Inc. increased its stake in NIKE by 87.7% during the 4th quarter. Intrepid Capital Management Inc. now owns 6,760 shares of the footwear maker’s stock worth $512,000 after acquiring an additional 3,159 shares during the period. RFG Bristol Wealth Advisors LLC acquired a new position in NIKE in the 4th quarter valued at $584,000. Finally, Meeder Advisory Services Inc. lifted its position in shares of NIKE by 6.0% during the 4th quarter. Meeder Advisory Services Inc. now owns 19,695 shares of the footwear maker’s stock valued at $1,490,000 after acquiring an additional 1,122 shares during the period. 64.25% of the stock is owned by institutional investors.

Insider Transactions at NIKE

In related news, Chairman Mark G. Parker sold 169,732 shares of the company’s stock in a transaction dated 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 owns 896,632 shares in the company, valued at $65,301,708.56. This represents a 15.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by corporate insiders.

NIKE Stock Up 0.4 %

Shares of NKE opened at $65.04 on Thursday. The stock’s 50-day moving average price is $73.66 and its two-hundred day moving average price is $76.64. NIKE, Inc. has a 12 month low of $58.81 and a 12 month high of $98.04. The company has a market capitalization of $96.20 billion, a PE ratio of 20.07, a PEG ratio of 2.52 and a beta of 1.02. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57.

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

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date was Monday, March 3rd. NIKE’s dividend payout ratio is currently 53.16%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft decreased their price target on NIKE from $92.00 to $82.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. JPMorgan Chase & Co. dropped their target price on shares of NIKE from $73.00 to $64.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. Morgan Stanley reduced their price target on shares of NIKE from $72.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, March 21st. Jefferies Financial Group upgraded shares of NIKE from a “hold” rating to a “buy” rating and boosted their price objective for the company from $75.00 to $115.00 in a research report on Monday, February 24th. Finally, BMO Capital Markets reduced their target price on NIKE from $95.00 to $92.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. Fifteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, NIKE has an average rating of “Moderate Buy” and an average price target of $87.38.

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.