DT Investment Partners LLC Trims Stock Position in NIKE, Inc. (NYSE:NKE)

DT Investment Partners LLC lessened its holdings in NIKE, Inc. (NYSE:NKE) by 48.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,080 shares of the footwear maker’s stock after selling 1,000 shares during the period. DT Investment Partners LLC’s holdings in NIKE were worth $82,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. CFC Planning Co LLC purchased a new stake in shares of NIKE in the fourth quarter valued at about $3,913,000. Rooted Wealth Advisors Inc. acquired a new position in shares of NIKE in the fourth quarter valued at approximately $212,000. Catalyst Financial Partners LLC raised its position in shares of NIKE by 12.5% in the fourth quarter. Catalyst Financial Partners LLC now owns 3,665 shares of the footwear maker’s stock valued at $277,000 after buying an additional 407 shares during the last quarter. IMS Capital Management raised its position in shares of NIKE by 8.8% in the fourth quarter. IMS Capital Management now owns 24,113 shares of the footwear maker’s stock valued at $1,825,000 after buying an additional 1,952 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its position in shares of NIKE by 3.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 598,091 shares of the footwear maker’s stock valued at $45,706,000 after buying an additional 18,946 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling at NIKE

In related news, Director John W. Rogers, Jr. acquired 2,500 shares of NIKE stock in a transaction on Friday, December 27th. The shares were purchased at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the purchase, the director now directly owns 34,403 shares of the company’s stock, valued at $2,636,989.95. The trade was a 7.84 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

NIKE Price Performance

Shares of NKE stock opened at $73.25 on Friday. The company has a market capitalization of $108.35 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 2.34 and a beta of 1.01. The firm has a fifty day simple moving average of $74.68 and a 200-day simple moving average of $78.04. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a twelve month low of $68.62 and a twelve month high of $107.34.

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

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders 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 yield of 2.18%. NIKE’s dividend payout ratio (DPR) is 49.38%.

Wall Street Analyst Weigh In

NKE has been the subject of a number of analyst reports. Royal Bank of Canada cut their price objective on shares of NIKE from $82.00 to $80.00 and set a “sector perform” rating for the company in a research report on Thursday, November 7th. Wells Fargo & Company cut their price objective on shares of NIKE from $95.00 to $92.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $80.00 price target on shares of NIKE in a research report on Thursday, February 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $84.00 price target on shares of NIKE in a research report on Friday, February 7th. Finally, Stifel Nicolaus dropped their price target on shares of NIKE from $79.00 to $75.00 and set a “hold” rating for the company in a research report on Friday, December 20th. Fifteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $88.62.

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.