Bowie Capital Management LLC Sells 30,085 Shares of NIKE, Inc. (NYSE:NKE)

Bowie Capital Management LLC trimmed its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 376,257 shares of the footwear maker's stock after selling 30,085 shares during the quarter. NIKE makes up approximately 1.5% of Bowie Capital Management LLC's investment portfolio, making the stock its 21st largest position. Bowie Capital Management LLC's holdings in NIKE were worth $28,471,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Range Financial Group LLC purchased a new position in shares of NIKE during the 4th quarter worth $642,000. Capricorn Fund Managers Ltd purchased a new stake in shares of NIKE during the fourth quarter worth $5,384,000. Klein Pavlis & Peasley Financial Inc. raised its position in NIKE by 31.1% in the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 25,835 shares of the footwear maker's stock valued at $1,955,000 after purchasing an additional 6,124 shares in the last quarter. FNY Investment Advisers LLC lifted its stake in NIKE by 5,745.9% in the fourth quarter. FNY Investment Advisers LLC now owns 8,652 shares of the footwear maker's stock worth $654,000 after acquiring an additional 8,504 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of NIKE by 1,302.7% during the fourth quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker's stock worth $196,901,000 after purchasing an additional 2,416,601 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company's stock.

Analyst Upgrades and Downgrades

NKE has been the subject of a number of research reports. Cfra Research raised shares of NIKE to a "moderate buy" rating in a research report on Friday, March 21st. Royal Bank of Canada reduced their price target on NIKE from $67.00 to $66.00 and set a "sector perform" rating for the company in a report on Friday, March 21st. Bank of America decreased their price target on NIKE from $90.00 to $80.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. UBS Group dropped their price objective on NIKE from $73.00 to $66.00 and set a "neutral" rating for the company in a research report on Friday, March 21st. Finally, Robert W. Baird dropped their price objective on shares of NIKE from $105.00 to $99.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Seventeen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $80.48.

NIKE Price Performance

NIKE stock traded up $0.24 during mid-day trading on Thursday, hitting $58.86. 18,980,958 shares of the company traded hands, compared to its average volume of 14,662,884. The stock has a market cap of $87.07 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. NIKE, Inc. has a one year low of $52.28 and a one year high of $98.04. The stock has a fifty day moving average price of $63.29 and a 200-day moving average price of $71.63.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.26. The business had revenue of $11.27 billion for the quarter, compared to analysts' expectations of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business's quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS. On average, equities analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.72%. NIKE's dividend payout ratio is presently 53.16%.

Insider Buying and Selling at NIKE

In other NIKE news, Director Robert Holmes Swan purchased 8,600 shares of the firm's stock in a transaction on Friday, April 4th. The shares were acquired at an average cost of $58.46 per share, with a total value of $502,756.00. Following the completion of the acquisition, the director now directly owns 31,983 shares in the company, valued at $1,869,726.18. The trade was a 36.78 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the company's 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 transaction, 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 disclosure for this sale 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.