NIKE, Inc. (NYSE:NKE) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lessened its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 17.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 25,299 shares of the footwear maker's stock after selling 5,334 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in NIKE were worth $1,924,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Heck Capital Advisors LLC purchased a new stake in shares of NIKE during the fourth quarter worth about $28,000. Caitlin John LLC increased its stake in shares of NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. Roxbury Financial LLC acquired a new position in shares of NIKE during the 4th quarter worth approximately $30,000. LFA Lugano Financial Advisors SA lifted its holdings in NIKE by 110.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock valued at $30,000 after purchasing an additional 210 shares in the last quarter. Finally, Hopwood Financial Services Inc. acquired a new stake in shares of NIKE in the fourth quarter valued at about $30,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Price Performance

Shares of NYSE NKE traded down $0.35 during trading on Thursday, reaching $61.43. The company had a trading volume of 12,208,646 shares, compared to its average volume of 14,964,798. 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 $52.28 and a twelve month high of $98.04. The stock has a 50-day moving average price of $59.32 and a two-hundred day moving average price of $69.89. The stock has a market capitalization of $90.86 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23.

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

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders 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 yield of 2.60%. NIKE's payout ratio is currently 53.16%.

Insider Buying and Selling at NIKE

In other NIKE news, Director Robert Holmes Swan acquired 8,600 shares of the firm's stock in a transaction dated Friday, April 4th. The shares were acquired at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the acquisition, the director now directly owns 31,983 shares of the company's stock, valued at $1,869,726.18. This trade represents a 36.78% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Guggenheim reaffirmed a "buy" rating and issued a $110.00 price target on shares of NIKE in a research note on Wednesday, February 12th. Telsey Advisory Group decreased their target price on NIKE from $80.00 to $70.00 and set a "market perform" rating on the stock in a research report on Tuesday, May 6th. Citigroup dropped their price target on NIKE from $72.00 to $57.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Wells Fargo & Company raised their price objective on NIKE from $55.00 to $60.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Finally, China Renaissance assumed coverage on shares of NIKE in a report on Wednesday, March 19th. They set a "hold" rating for the company. Seventeen 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $80.26.

About NIKE

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.