NIKE, Inc. (NYSE:NKE) Shares Sold by Keybank National Association OH

Keybank National Association OH lessened its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 5.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 307,144 shares of the footwear maker's stock after selling 17,476 shares during the period. Keybank National Association OH's holdings in NIKE were worth $19,497,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in NKE. Heck Capital Advisors LLC purchased a new position in shares of NIKE in the fourth quarter worth $28,000. LFA Lugano Financial Advisors SA increased its position in shares of NIKE by 110.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock valued at $30,000 after acquiring an additional 210 shares during the period. Hopwood Financial Services Inc. purchased a new position in NIKE in the 4th quarter worth $30,000. EnRich Financial Partners LLC raised its stake in shares of NIKE by 196.4% in the fourth quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock worth $31,000 after purchasing an additional 273 shares during the last quarter. Finally, Roxbury Financial LLC boosted its holdings in shares of NIKE by 52.1% in the 1st quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker's stock valued at $37,000 after acquiring an additional 201 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company's stock.

NIKE Price Performance

Shares of NKE stock traded down $0.11 during trading hours on Friday, reaching $76.28. The company had a trading volume of 12,022,568 shares, compared to its average volume of 15,372,369. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.50 and a current ratio of 2.21. The stock has a fifty day moving average of $61.99 and a 200-day moving average of $67.50. The company has a market capitalization of $112.83 billion, a price-to-earnings ratio of 35.31, a PEG ratio of 2.76 and a beta of 1.25. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $90.62.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. NIKE had a return on equity of 23.33% and a net margin of 6.95%. The company had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. The firm's revenue for the quarter was down 11.9% compared to the same quarter last year. On average, equities analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Monday, June 2nd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.10%. The ex-dividend date was Monday, June 2nd. NIKE's payout ratio is currently 53.16%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Cfra Research raised NIKE to a "moderate buy" rating in a report on Friday, March 21st. The Goldman Sachs Group lifted their target price on shares of NIKE from $72.00 to $81.00 and gave the company a "buy" rating in a report on Friday, June 27th. Hsbc Global Res raised shares of NIKE from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Morgan Stanley raised their price target on shares of NIKE from $61.00 to $64.00 and gave the company an "equal weight" rating in a research report on Friday, June 27th. Finally, Wells Fargo & Company upped their price objective on shares of NIKE from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $77.19.

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.