NIKE, Inc. (NYSE:NKE) Shares Sold by Kennon Green & Company LLC

Kennon Green & Company LLC decreased its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 37.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,200 shares of the footwear maker's stock after selling 9,123 shares during the quarter. Kennon Green & Company LLC's holdings in NIKE were worth $965,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NKE. Heck Capital Advisors LLC acquired a new position in shares of NIKE in the 4th quarter valued at about $28,000. LFA Lugano Financial Advisors SA boosted its position in NIKE by 110.5% during the 4th 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 during the period. Hopwood Financial Services Inc. bought a new stake in NIKE in the fourth quarter valued at $30,000. EnRich Financial Partners LLC boosted its stake in NIKE by 196.4% during the 4th quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock valued at $31,000 after purchasing an additional 273 shares during the period. Finally, Ritter Daniher Financial Advisory LLC DE raised its holdings in shares of NIKE by 95.1% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 513 shares of the footwear maker's stock valued at $39,000 after buying an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company's stock.

NIKE Stock Performance

Shares of NKE stock traded up $2.34 on Tuesday, hitting $73.38. The company had a trading volume of 27,492,625 shares, compared to its average volume of 15,460,588. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $90.62. The company has a quick ratio of 1.50, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The firm has a market cap of $108.54 billion, a P/E ratio of 33.97, a price-to-earnings-growth ratio of 2.73 and a beta of 1.21. The company has a 50-day moving average price of $60.93 and a 200-day moving average price of $67.40.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, topping 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%. The business's quarterly revenue was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.99 EPS. As a group, equities research analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be given 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 2.18%. NIKE's dividend payout ratio (DPR) is 53.16%.

Analysts Set New Price Targets

NKE has been the subject of a number of recent analyst reports. UBS Group reiterated a "neutral" rating and issued a $63.00 target price on shares of NIKE in a research report on Friday. Berenberg Bank began coverage on NIKE in a research report on Tuesday, April 15th. They issued a "hold" rating and a $58.00 target price for the company. Barclays upped their price target on shares of NIKE from $53.00 to $64.00 and gave the stock an "equal weight" rating in a research note on Friday. Argus upgraded shares of NIKE from a "hold" rating to a "buy" rating and set a $85.00 price target on the stock in a research note on Tuesday. Finally, Hsbc Global Res upgraded NIKE from a "hold" rating to a "strong-buy" rating in a report on Friday. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, NIKE presently has a consensus rating of "Moderate Buy" and a consensus target price of $77.19.

Insider Buying and Selling at NIKE

In other NIKE news, Director Robert Holmes Swan acquired 8,600 shares of the company's stock in a transaction that occurred on Friday, April 4th. The stock was bought at an average price of $58.46 per share, with a total value of $502,756.00. Following the purchase, the director owned 31,983 shares in the company, valued at approximately $1,869,726.18. The trade was a 36.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by company insiders.

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.