Capital Advisors Ltd. LLC Reduces Position in NIKE, Inc. (NYSE:NKE)

Capital Advisors Ltd. LLC cut its position in NIKE, Inc. (NYSE:NKE) by 7.8% during the fourth quarter, HoldingsChannel reports. The firm owned 3,077 shares of the footwear maker’s stock after selling 261 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in NIKE were worth $233,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of NKE. Allworth Financial LP grew its position in shares of NIKE by 20.9% in the 3rd quarter. Allworth Financial LP now owns 12,431 shares of the footwear maker’s stock valued at $1,099,000 after buying an additional 2,148 shares during the last quarter. NorthCrest Asset Manangement LLC grew its position in shares of NIKE by 12.8% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 3,378 shares of the footwear maker’s stock valued at $299,000 after buying an additional 383 shares during the last quarter. Modera Wealth Management LLC grew its position in shares of NIKE by 8.8% in the 3rd quarter. Modera Wealth Management LLC now owns 8,983 shares of the footwear maker’s stock valued at $794,000 after buying an additional 727 shares during the last quarter. Carret Asset Management LLC grew its position in shares of NIKE by 16.4% in the 3rd quarter. Carret Asset Management LLC now owns 5,400 shares of the footwear maker’s stock valued at $477,000 after buying an additional 760 shares during the last quarter. Finally, J.W. Cole Advisors Inc. grew its position in shares of NIKE by 7.7% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,029 shares of the footwear maker’s stock valued at $1,063,000 after buying an additional 858 shares during the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Stock Performance

NYSE:NKE opened at $80.32 on Tuesday. 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 firm has a 50-day moving average price of $74.37 and a two-hundred day moving average price of $78.21. NIKE, Inc. has a twelve month low of $68.62 and a twelve month high of $106.10. The company has a market capitalization of $118.80 billion, a P/E ratio of 24.79, a price-to-earnings-growth ratio of 2.52 and a beta of 1.01.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.15. The business had revenue of $12.35 billion during the quarter, compared to the consensus estimate of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 earnings per share. As a group, research analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.99%. NIKE’s dividend payout ratio (DPR) is presently 49.38%.

Insider Transactions at NIKE

In other news, Director John W. Rogers, Jr. purchased 2,500 shares of the stock in a transaction dated Friday, December 27th. The stock was acquired at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the acquisition, the director now directly owns 34,403 shares in the company, valued at $2,636,989.95. This represents a 7.84 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the firm’s stock in a transaction that occurred 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 $65,301,708.56. This represents a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NKE shares. Wells Fargo & Company dropped their target price on shares of NIKE from $95.00 to $92.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. BMO Capital Markets increased their price target on shares of NIKE from $92.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Stifel Nicolaus decreased their price target on shares of NIKE from $79.00 to $75.00 and set a “hold” rating for the company in a research note on Friday, December 20th. JPMorgan Chase & Co. decreased their price target on shares of NIKE from $77.00 to $73.00 and set a “neutral” rating for the company in a research note on Monday, December 2nd. Finally, Guggenheim reiterated a “buy” rating and set a $110.00 price target on shares of NIKE in a research note on Wednesday, February 12th. Fourteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, NIKE has an average rating of “Moderate Buy” and an average price target of $89.77.

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.