NIKE, Inc. (NYSE:NKE) Shares Sold by Paragon Capital Management LLC

Paragon Capital Management LLC lessened its holdings in shares of NIKE, Inc. (NYSE:NKE) by 4.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 59,259 shares of the footwear maker’s stock after selling 3,029 shares during the period. NIKE comprises 2.4% of Paragon Capital Management LLC’s portfolio, making the stock its 14th largest holding. Paragon Capital Management LLC’s holdings in NIKE were worth $4,484,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new position in shares of NIKE in the 4th quarter worth approximately $28,000. Caitlin John LLC grew its position in shares of NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock worth $28,000 after acquiring an additional 200 shares in the last quarter. Teachers Insurance & Annuity Association of America acquired a new position in shares of NIKE in the 3rd quarter worth approximately $30,000. Roxbury Financial LLC acquired a new position in shares of NIKE in the 4th quarter worth approximately $30,000. Finally, LFA Lugano Financial Advisors SA grew its position in shares of NIKE by 110.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock worth $30,000 after acquiring an additional 210 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Trading Down 1.9 %

Shares of NYSE NKE opened at $71.61 on Friday. The business has a fifty day simple moving average of $74.77 and a 200-day simple moving average of $77.56. The company has a market cap of $105.92 billion, a price-to-earnings ratio of 22.10, a P/E/G ratio of 2.52 and a beta of 1.02. 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, Inc. has a 12 month low of $67.10 and a 12 month high of $101.92.

NIKE (NYSE:NKE) last posted its quarterly 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. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. During the same period last year, the business earned $0.98 EPS. The business’s quarterly revenue was down 9.1% on a year-over-year basis. Sell-side analysts predict that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

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 paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE’s dividend payout ratio (DPR) is presently 49.38%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NKE. Morgan Stanley decreased their target price on NIKE from $74.00 to $72.00 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Needham & Company LLC cut their price target on NIKE from $84.00 to $80.00 and set a “buy” rating on the stock in a report on Monday. Dbs Bank raised NIKE from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Wells Fargo & Company cut their price target on NIKE from $95.00 to $92.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Finally, Evercore ISI cut their price target on NIKE from $105.00 to $97.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Fifteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $89.54.

Insider Transactions at NIKE

In other news, Chairman Mark G. Parker sold 169,732 shares of the 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 transaction, the chairman now owns 896,632 shares of the company’s stock, 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 SEC, which is accessible through this link. Also, Director John W. Rogers, Jr. acquired 2,500 shares of the stock in a transaction dated Friday, December 27th. The shares were bought at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the acquisition, the director now owns 34,403 shares in the company, valued at $2,636,989.95. The trade was a 7.84 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.

About NIKE

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.