HS Management Partners LLC Lowers Stake in NIKE, Inc. (NYSE:NKE)

HS Management Partners LLC decreased its position in NIKE, Inc. (NYSE:NKE - Free Report) by 12.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 765,725 shares of the footwear maker's stock after selling 105,600 shares during the quarter. NIKE comprises 3.9% of HS Management Partners LLC's investment portfolio, making the stock its 14th largest holding. HS Management Partners LLC owned 0.05% of NIKE worth $48,608,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in NKE. Heck Capital Advisors LLC bought a new stake in shares of NIKE in the fourth quarter valued at approximately $28,000. EnRich Financial Partners LLC raised its stake in NIKE by 196.4% during the fourth quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock worth $31,000 after acquiring an additional 273 shares in the last quarter. Roxbury Financial LLC raised its stake in NIKE by 52.1% during the first quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker's stock worth $37,000 after acquiring an additional 201 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE raised its stake in NIKE by 95.1% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 513 shares of the footwear maker's stock worth $39,000 after acquiring an additional 250 shares in the last quarter. Finally, Putney Financial Group LLC bought a new stake in shares of NIKE during the fourth quarter worth $40,000. Institutional investors own 64.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wall Street Zen cut NIKE from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Citigroup lifted their target price on NIKE from $57.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday, June 27th. UBS Group began coverage on NIKE in a research report on Sunday, July 6th. They issued a "buy" rating on the stock. JPMorgan Chase & Co. lifted their target price on NIKE from $56.00 to $64.00 and gave the company a "neutral" rating in a research report on Friday, June 27th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on NIKE from $77.00 to $71.00 and set a "buy" rating on the stock in a research report on Friday, June 20th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $77.15.

NIKE Price Performance

Shares of NKE stock traded down $0.48 during trading hours on Friday, hitting $72.50. The stock had a trading volume of 8,792,733 shares, compared to its average volume of 15,110,180. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 1.50. The stock has a market capitalization of $107.24 billion, a price-to-earnings ratio of 33.56, a PEG ratio of 2.68 and a beta of 1.25. NIKE, Inc. has a one year low of $52.28 and a one year high of $90.62. The stock's 50-day moving average price is $65.49 and its two-hundred day moving average price is $67.21.

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 analysts' consensus estimates of $0.12 by $0.02. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The firm had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $10.69 billion. During the same quarter last year, the firm earned $0.99 EPS. The firm's revenue for the quarter was down 11.9% compared to the same quarter last year. Equities analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Monday, June 2nd. NIKE's dividend payout ratio (DPR) is presently 74.07%.

Insider Activity at NIKE

In related news, Chairman Mark G. Parker sold 110,000 shares of NIKE stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $72.29, for a total transaction of $7,951,900.00. Following the transaction, the chairman directly owned 842,361 shares of the company's stock, valued at $60,894,276.69. This trade represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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.