NIKE, Inc. (NYSE:NKE) Shares Sold by Montag & Caldwell LLC

Montag & Caldwell LLC trimmed its position in shares of NIKE, Inc. (NYSE:NKE) by 40.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,178 shares of the footwear maker’s stock after selling 1,452 shares during the period. Montag & Caldwell LLC’s holdings in NIKE were worth $165,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Jump Financial LLC lifted its stake in shares of NIKE by 475.5% in the 4th quarter. Jump Financial LLC now owns 110,145 shares of the footwear maker’s stock valued at $8,335,000 after purchasing an additional 91,007 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of NIKE in the 4th quarter valued at $8,542,000. Canada Post Corp Registered Pension Plan acquired a new position in shares of NIKE during the 4th quarter valued at $4,302,000. XTX Topco Ltd boosted its position in NIKE by 561.9% during the 4th quarter. XTX Topco Ltd now owns 31,286 shares of the footwear maker’s stock worth $2,367,000 after purchasing an additional 26,559 shares during the period. Finally, CreativeOne Wealth LLC increased its holdings in NIKE by 11.6% in the 4th quarter. CreativeOne Wealth LLC now owns 24,533 shares of the footwear maker’s stock valued at $1,856,000 after purchasing an additional 2,555 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Price Performance

NKE opened at $55.37 on Tuesday. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $98.04. The stock has a fifty day moving average price of $69.65 and a 200 day moving average price of $74.59. 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 stock has a market cap of $81.90 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 2.52 and a beta of 1.15.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, topping the consensus estimate 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 net margin of 9.98% and a return on equity of 36.99%. NIKE’s quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.98 EPS. Analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were issued a dividend of $0.40 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.89%. NIKE’s dividend payout ratio (DPR) is presently 53.16%.

Analyst Ratings Changes

NKE has been the subject of a number of analyst reports. Barclays decreased their price target on NIKE from $79.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. Wells Fargo & Company dropped their price objective on NIKE from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, March 21st. Royal Bank of Canada cut their price target on shares of NIKE from $67.00 to $66.00 and set a “sector perform” rating on the stock in a report on Friday, March 21st. Stifel Nicolaus decreased their target price on NIKE from $75.00 to $64.00 and set a “hold” rating for the company in a research note on Thursday, April 10th. Finally, Jefferies Financial Group raised NIKE from a “hold” rating to a “buy” rating and raised their price target for the stock from $75.00 to $115.00 in a report on Monday, February 24th. Fifteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $86.19.

Insider Buying and Selling

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of NIKE stock in a transaction 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 transaction, the chairman now directly owns 896,632 shares of the company’s stock, valued at approximately $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Holmes Swan bought 8,600 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The shares were purchased at an average price of $58.46 per share, with a total value of $502,756.00. Following the transaction, the director now directly owns 31,983 shares in the company, valued at $1,869,726.18. This represents a 36.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.

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.