Koss Olinger Consulting LLC Has $858,000 Stock Position in NIKE, Inc. $NKE

Koss Olinger Consulting LLC decreased its position in NIKE, Inc. (NYSE:NKE) by 68.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 13,468 shares of the footwear maker’s stock after selling 28,937 shares during the period. Koss Olinger Consulting LLC’s holdings in NIKE were worth $858,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in NIKE in the 4th quarter valued at $829,956,000. Eurizon Capital SGR S.p.A. bought a new stake in NIKE in the 4th quarter valued at $138,061,000. Future Fund LLC lifted its position in NIKE by 26.9% in the 4th quarter. Future Fund LLC now owns 15,557 shares of the footwear maker’s stock valued at $991,000 after acquiring an additional 3,297 shares in the last quarter. Fideuram Asset Management Ireland dac bought a new stake in NIKE in the 4th quarter valued at $1,988,000. Finally, Operose Advisors LLC lifted its position in NIKE by 19,285.7% in the 4th quarter. Operose Advisors LLC now owns 1,357 shares of the footwear maker’s stock valued at $86,000 after acquiring an additional 1,350 shares in the last quarter. 64.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of NIKE in a research report on Monday, April 13th. Wall Street Zen raised shares of NIKE from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Guggenheim lowered their price objective on shares of NIKE from $77.00 to $74.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. HSBC lowered shares of NIKE from a “buy” rating to a “hold” rating and cut their price objective for the stock from $90.00 to $48.00 in a research report on Monday, April 13th. Finally, CICC Research cut shares of NIKE from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $69.00 to $58.00 in a report on Monday, April 6th. Sixteen analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, NIKE currently has a consensus rating of “Hold” and a consensus price target of $62.04.

Insider Buying and Selling

In related news, Director Robert Holmes Swan acquired 11,781 shares of the firm’s stock in a transaction dated Tuesday, April 7th. The stock was bought at an average price of $42.44 per share, for a total transaction of $499,985.64. Following the acquisition, the director directly owned 55,074 shares of the company’s stock, valued at approximately $2,337,340.56. The trade was a 27.21% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Elliott Hill acquired 23,660 shares of the firm’s stock in a transaction dated Monday, April 13th. The stock was bought at an average price of $42.27 per share, with a total value of $1,000,108.20. Following the acquisition, the chief executive officer directly owned 265,247 shares in the company, valued at $11,211,990.69. This represents a 9.79% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased 64,441 shares of company stock worth $2,734,204 over the last 90 days. 0.80% of the stock is currently owned by insiders.

NIKE Price Performance

Shares of NYSE NKE opened at $46.21 on Friday. The stock has a market capitalization of $68.42 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 2.51 and a beta of 1.12. The business has a 50-day moving average of $45.75 and a 200-day moving average of $56.76. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.14 and a quick ratio of 1.45. NIKE, Inc. has a fifty-two week low of $41.35 and a fifty-two week high of $80.17.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.06. The company had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.23 billion. NIKE had a return on equity of 16.41% and a net margin of 4.84%.NIKE’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 EPS. As a group, sell-side analysts predict that NIKE, Inc. will post 1.51 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be issued a $0.41 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.64 annualized dividend and a dividend yield of 3.5%. NIKE’s dividend payout ratio (DPR) is presently 108.61%.

NIKE Company Profile

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).