NIKE, Inc. (NYSE:NKE) Position Lowered by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its position in NIKE, Inc. (NYSE:NKE) by 3.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 142,711 shares of the footwear maker’s stock after selling 5,316 shares during the period. Mutual of America Capital Management LLC’s holdings in NIKE were worth $10,799,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of NKE. Heck Capital Advisors LLC bought a new stake in shares of NIKE in the 4th quarter valued at approximately $28,000. Caitlin John LLC boosted its holdings in NIKE by 117.0% in the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 200 shares during the period. Teachers Insurance & Annuity Association of America bought a new stake in NIKE during the third quarter valued at $30,000. Roxbury Financial LLC acquired a new stake in shares of NIKE during the fourth quarter worth $30,000. Finally, BankPlus Trust Department bought a new position in shares of NIKE in the 4th quarter worth about $34,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Activity

In related news, Chairman Mark G. Parker sold 169,732 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $72.83, for a total value of $12,361,581.56. Following the completion of the sale, the chairman now owns 896,632 shares in the company, valued at approximately $65,301,708.56. This represents a 15.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John W. Rogers, Jr. acquired 2,500 shares of the stock in a transaction on Friday, December 27th. The shares were purchased at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the transaction, the director now owns 34,403 shares in the company, valued at approximately $2,636,989.95. This represents a 7.84 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.10% of the company’s stock.

NIKE Trading Down 0.7 %

Shares of NIKE stock opened at $79.43 on Friday. The business has a fifty day simple moving average of $74.64 and a 200-day simple moving average of $78.32. The firm has a market cap of $117.49 billion, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 2.52 and a beta of 1.01. NIKE, Inc. has a fifty-two week low of $68.62 and a fifty-two week high of $105.57. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company had revenue of $12.35 billion during the quarter, compared to analyst estimates of $12.11 billion. During the same quarter last year, the firm posted $1.03 EPS. The business’s revenue for the quarter was down 7.7% on a year-over-year basis. On average, equities analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued 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 2.01%. NIKE’s dividend payout ratio is currently 49.38%.

Wall Street Analysts Forecast Growth

NKE has been the topic of several research reports. UBS Group reiterated a “neutral” rating and set a $73.00 price objective on shares of NIKE in a research note on Thursday, December 26th. DA Davidson upgraded NIKE to a “strong-buy” rating in a research report on Monday, December 23rd. JPMorgan Chase & Co. reduced their price objective on NIKE from $77.00 to $73.00 and set a “neutral” rating for the company in a research report on Monday, December 2nd. TD Cowen dropped their target price on NIKE from $78.00 to $73.00 and set a “hold” rating on the stock in a research report on Monday, November 18th. Finally, Barclays reduced their price target on shares of NIKE from $79.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. Fourteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.77.

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.