Country Club Bank GFN Lowers Stock Position in NIKE, Inc. (NYSE:NKE)

Country Club Bank GFN cut its stake in shares of NIKE, Inc. (NYSE:NKEFree Report) by 3.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,002 shares of the footwear maker’s stock after selling 900 shares during the period. Country Club Bank GFN’s holdings in NIKE were worth $2,503,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC raised its stake in shares of NIKE by 139,649.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 16,813,307 shares of the footwear maker’s stock valued at $1,967,325,000 after acquiring an additional 16,801,276 shares during the period. Norges Bank purchased a new stake in NIKE during the 4th quarter worth $1,345,203,000. Newport Trust Company LLC purchased a new stake in NIKE during the 3rd quarter worth $679,775,000. Morgan Stanley increased its stake in NIKE by 26.4% during the 4th quarter. Morgan Stanley now owns 30,720,119 shares of the footwear maker’s stock worth $3,594,561,000 after buying an additional 6,410,744 shares during the period. Finally, Flossbach Von Storch AG increased its stake in NIKE by 433.5% during the 3rd quarter. Flossbach Von Storch AG now owns 4,128,587 shares of the footwear maker’s stock worth $394,775,000 after buying an additional 3,354,677 shares during the period. 64.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Morgan Stanley dropped their price target on shares of NIKE from $124.00 to $116.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 27th. HSBC dropped their price target on shares of NIKE from $120.00 to $115.00 and set a “hold” rating on the stock in a research note on Monday, January 22nd. Royal Bank of Canada reissued a “sector perform” rating and issued a $100.00 target price (down previously from $110.00) on shares of NIKE in a research report on Friday, March 22nd. DZ Bank raised shares of NIKE from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a research report on Tuesday, December 12th. Finally, Telsey Advisory Group dropped their target price on shares of NIKE from $140.00 to $120.00 and set an “outperform” rating for the company in a research report on Monday, March 18th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $116.52.

Get Our Latest Research Report on NIKE

NIKE Stock Performance

NIKE stock traded down $1.52 during midday trading on Tuesday, reaching $91.04. 4,264,469 shares of the stock traded hands, compared to its average volume of 9,353,873. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. The firm has a fifty day moving average price of $101.06 and a two-hundred day moving average price of $103.61. The firm has a market cap of $138.55 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 1.76 and a beta of 1.09. NIKE, Inc. has a fifty-two week low of $88.66 and a fifty-two week high of $128.68.

NIKE (NYSE:NKEGet Free Report) last released its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. NIKE had a net margin of 10.14% and a return on equity of 39.41%. The company had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $12.28 billion. On average, equities research analysts forecast that NIKE, Inc. will post 3.71 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were given a dividend of $0.37 per share. The ex-dividend date was Friday, March 1st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.63%. NIKE’s dividend payout ratio (DPR) is 43.53%.

NIKE Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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