NIKE, Inc. (NYSE:NKE) Shares Sold by Keeler Thomas Management LLC

Keeler Thomas Management LLC trimmed its stake in NIKE, Inc. (NYSE:NKE) by 55.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,155 shares of the footwear maker’s stock after selling 11,622 shares during the period. Keeler Thomas Management LLC’s holdings in NIKE were worth $693,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its holdings in shares of NIKE by 18.1% in the 4th quarter. Bank of New York Mellon Corp now owns 20,367,993 shares of the footwear maker’s stock valued at $1,541,246,000 after purchasing an additional 3,121,929 shares during the last quarter. Blackhawk Capital Partners LLC. purchased a new position in NIKE during the 4th quarter worth approximately $886,000. BankPlus Trust Department acquired a new position in NIKE during the fourth quarter worth approximately $34,000. IFP Advisors Inc lifted its stake in NIKE by 17.9% in the fourth quarter. IFP Advisors Inc now owns 11,806 shares of the footwear maker’s stock valued at $894,000 after buying an additional 1,789 shares during the last quarter. Finally, B&D White Capital Company LLC acquired a new stake in shares of NIKE in the fourth quarter valued at approximately $499,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Stock Performance

NYSE NKE opened at $80.32 on Tuesday. The business has a 50 day moving average price of $74.37 and a 200 day moving average price of $78.21. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The company has a market capitalization of $118.80 billion, a P/E ratio of 24.79, a PEG ratio of 2.52 and a beta of 1.01. NIKE, Inc. has a 1-year low of $68.62 and a 1-year high of $106.10.

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

NIKE Dividend Announcement

The firm 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. This represents a $1.60 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Monday, March 3rd. NIKE’s dividend payout ratio (DPR) is presently 49.38%.

Wall Street Analyst Weigh In

NKE has been the topic of a number of recent research reports. Jefferies Financial Group raised shares of NIKE from a “hold” rating to a “buy” rating and lifted their target price for the company from $75.00 to $115.00 in a report on Monday. DA Davidson upgraded shares of NIKE to a “strong-buy” rating in a research note on Monday, December 23rd. JPMorgan Chase & Co. decreased their target price 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. UBS Group reissued a “neutral” rating and set a $73.00 price target on shares of NIKE in a report on Thursday, December 26th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on NIKE from $92.00 to $82.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Fourteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $89.77.

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 stock was sold at an average price of $72.83, for a total value of $12,361,581.56. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John W. Rogers, Jr. purchased 2,500 shares of the company’s stock in a transaction on Friday, December 27th. The shares were bought at an average cost of $76.65 per share, with a total value of $191,625.00. Following the transaction, the director now directly owns 34,403 shares of the company’s stock, valued at $2,636,989.95. This represents 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.

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.