NIKE, Inc. $NKE Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lowered its stake in NIKE, Inc. (NYSE:NKE) by 97.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 56,510 shares of the footwear maker’s stock after selling 2,469,669 shares during the period. OMERS ADMINISTRATION Corp’s holdings in NIKE were worth $2,985,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Westerkirk Capital Inc. boosted its stake in shares of NIKE by 52.4% during the 4th quarter. Westerkirk Capital Inc. now owns 131,220 shares of the footwear maker’s stock worth $8,360,000 after acquiring an additional 45,100 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of NIKE in the 4th quarter worth approximately $43,188,000. Nicholas Company Inc. increased its stake in NIKE by 33.3% in the 4th quarter. Nicholas Company Inc. now owns 123,652 shares of the footwear maker’s stock valued at $7,878,000 after purchasing an additional 30,890 shares in the last quarter. Stoneridge Investment Partners LLC raised its holdings in NIKE by 1,253.6% during the fourth quarter. Stoneridge Investment Partners LLC now owns 78,846 shares of the footwear maker’s stock worth $5,023,000 after purchasing an additional 73,021 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in NIKE by 17.2% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 731,159 shares of the footwear maker’s stock worth $46,582,000 after purchasing an additional 107,282 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NIKE

In other news, EVP Philip Mccartney sold 17,398 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $46.18, for a total value of $803,439.64. Following the completion of the transaction, the executive vice president directly owned 53,133 shares in the company, valued at approximately $2,453,681.94. This represents a 24.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.10% of the company’s stock.

NIKE Stock Up 2.1%

Shares of NYSE NKE opened at $43.01 on Wednesday. NIKE, Inc. has a 12-month low of $40.00 and a 12-month high of $80.17. The company has a market cap of $63.81 billion, a P/E ratio of 20.58, a P/E/G ratio of 1.87 and a beta of 1.12. The company has a current ratio of 1.96, a quick ratio of 1.36 and a debt-to-equity ratio of 0.40. The stock has a fifty day moving average price of $43.68 and a 200 day moving average price of $50.75.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Tuesday, June 30th. The footwear maker reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.09. NIKE had a return on equity of 16.54% and a net margin of 6.70%.The company had revenue of $10.97 billion for the quarter, compared to analysts’ expectations of $10.85 billion. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. Research analysts anticipate that NIKE, Inc. will post 1.74 EPS for the current fiscal year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st were paid a dividend of $0.41 per share. The ex-dividend date was Monday, June 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.8%. NIKE’s dividend payout ratio (DPR) is currently 78.47%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NKE. Needham & Company LLC restated a “hold” rating on shares of NIKE in a research report on Thursday, June 4th. CICC Research lowered their price objective on shares of NIKE from $58.00 to $44.80 and set a “neutral” rating on the stock in a research note on Thursday, July 2nd. BNP Paribas Exane reissued an “underperform” rating on shares of NIKE in a research report on Wednesday, July 22nd. Citigroup reaffirmed a “neutral” rating on shares of NIKE in a research note on Wednesday, July 22nd. Finally, Jefferies Financial Group dropped their price objective on shares of NIKE from $90.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nineteen have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, NIKE has an average rating of “Hold” and an average target price of $53.86.

About NIKE

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).