Blair William & Co. IL Sells 43,604 Shares of NIKE, Inc. (NYSE:NKE)

Key Points

• Blair William & Co. IL reduced its stake in NIKE, Inc. by 18.0%, selling 43,604 shares and leaving them with 199,060 shares valued at approximately $12.6 million.
• Chairman Mark G. Parker sold 110,000 shares of NIKE stock, decreasing his holdings by 11.55% and retaining approximately $60.9 million in shares.
• Analysts have varied ratings on NIKE, with a consensus rating of "Moderate Buy" and an average target price of $78.22, indicating expectations of potential growth in the stock.

Blair William & Co. IL reduced its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 18.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 199,060 shares of the footwear maker's stock after selling 43,604 shares during the period. Blair William & Co. IL's holdings in NIKE were worth $12,636,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new stake in shares of NIKE during the 4th quarter worth about $28,000. EnRich Financial Partners LLC raised its stake in shares of NIKE by 196.4% during the 4th quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock worth $31,000 after purchasing an additional 273 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE raised its stake in shares of NIKE by 95.1% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 513 shares of the footwear maker's stock worth $39,000 after purchasing an additional 250 shares in the last quarter. Putney Financial Group LLC purchased a new stake in shares of NIKE during the 4th quarter worth about $40,000. Finally, Minot DeBlois Advisors LLC purchased a new stake in shares of NIKE during the 4th quarter worth about $42,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Price Performance

NKE stock traded down $0.18 during trading on Friday, hitting $74.17. The company had a trading volume of 6,733,814 shares, compared to its average volume of 11,448,546. The company has a fifty day moving average price of $69.70 and a two-hundred day moving average price of $67.64. The company has a current ratio of 2.21, a quick ratio of 1.50 and a debt-to-equity ratio of 0.60. The company has a market cap of $109.54 billion, a P/E ratio of 34.34, a P/E/G ratio of 2.70 and a beta of 1.27. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $90.62.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings results on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The business had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.69 billion. NIKE had a return on equity of 23.33% and a net margin of 6.95%. NIKE's quarterly revenue was down 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.99 EPS. Equities research analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd will be given a $0.40 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $1.60 annualized dividend and a yield of 2.2%. NIKE's payout ratio is presently 74.07%.

Insider Transactions at NIKE

In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of NIKE stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total value of $7,951,900.00. Following the completion of the transaction, the chairman owned 842,361 shares in the company, valued at approximately $60,894,276.69. The trade was a 11.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.80% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on NKE shares. Argus raised NIKE to a "buy" rating in a research note on Sunday, July 6th. DZ Bank downgraded NIKE from a "buy" rating to a "hold" rating and set a $76.00 price objective on the stock. in a research note on Thursday, July 10th. Hsbc Global Res raised NIKE from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Needham & Company LLC raised their price objective on NIKE from $66.00 to $78.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Finally, Robert W. Baird raised their price objective on NIKE from $80.00 to $88.00 and gave the company an "outperform" rating in a research note on Friday, June 27th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, NIKE has an average rating of "Moderate Buy" and an average target price of $78.22.

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.