Captrust Financial Advisors Trims Stock Holdings in NIKE, Inc. (NYSE:NKE)

Captrust Financial Advisors reduced its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 7.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 190,279 shares of the footwear maker's stock after selling 15,166 shares during the period. Captrust Financial Advisors' holdings in NIKE were worth $14,398,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Norges Bank bought a new position in shares of NIKE in the fourth quarter worth about $1,126,288,000. Wellington Management Group LLP boosted its position in NIKE by 32.4% in the 4th quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker's stock valued at $2,749,903,000 after buying an additional 8,898,591 shares during the period. Pacer Advisors Inc. grew its stake in NIKE by 6,029.6% in the 4th quarter. Pacer Advisors Inc. now owns 6,821,270 shares of the footwear maker's stock worth $516,166,000 after acquiring an additional 6,709,985 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of NIKE by 18.1% during the fourth quarter. Bank of New York Mellon Corp now owns 20,367,993 shares of the footwear maker's stock worth $1,541,246,000 after acquiring an additional 3,121,929 shares during the period. Finally, Renaissance Technologies LLC increased its position 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 acquiring an additional 2,416,601 shares during the period. Hedge funds and other institutional investors own 64.25% of the company's stock.

Analyst Ratings Changes

NKE has been the topic of several research analyst reports. Robert W. Baird dropped their price objective on NIKE from $105.00 to $99.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. UBS Group dropped their price target on NIKE from $73.00 to $66.00 and set a "neutral" rating on the stock in a research report on Friday, March 21st. Morgan Stanley decreased their price objective on NIKE from $72.00 to $70.00 and set an "equal weight" rating for the company in a report on Friday, March 21st. Citigroup dropped their target price on shares of NIKE from $72.00 to $57.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Finally, Telsey Advisory Group reduced their price target on shares of NIKE from $80.00 to $70.00 and set a "market perform" rating for the company in a report on Tuesday. Seventeen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $80.48.

Insider Activity at NIKE

In other NIKE news, Director Robert Holmes Swan purchased 8,600 shares of the firm's stock in a transaction dated Friday, April 4th. The shares were purchased at an average cost of $58.46 per share, with a total value of $502,756.00. Following the completion of the purchase, the director now owns 31,983 shares in the company, valued at approximately $1,869,726.18. This represents a 36.78 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Mark G. Parker sold 169,732 shares of the company's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the sale, the chairman now directly 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. 1.10% of the stock is owned by company insiders.

NIKE Stock Performance

Shares of NKE stock opened at $57.15 on Wednesday. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $98.04. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The stock has a market cap of $84.54 billion, a PE ratio of 17.64, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23. The business has a 50-day simple moving average of $63.70 and a 200-day simple moving average of $71.72.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.28 by $0.26. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business had revenue of $11.27 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same quarter in the prior year, the firm posted $0.98 EPS. The business's quarterly revenue was down 9.1% compared to the same quarter last year. On average, equities analysts expect that NIKE, Inc. will post 2.05 EPS for the current 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 dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Monday, June 2nd. NIKE's payout ratio is currently 53.16%.

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.

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