Dakota Wealth Management Lowers Holdings in NIKE, Inc. (NYSE:NKE)

Dakota Wealth Management lessened its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 9.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,183 shares of the footwear maker's stock after selling 3,582 shares during the quarter. Dakota Wealth Management's holdings in NIKE were worth $2,297,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new stake in shares of NIKE in the fourth quarter worth about $28,000. EnRich Financial Partners LLC lifted its holdings 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 buying an additional 273 shares in the last quarter. Roxbury Financial LLC lifted its holdings in shares of NIKE by 52.1% in the first quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker's stock worth $37,000 after buying an additional 201 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE lifted its holdings in shares of NIKE by 95.1% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 513 shares of the footwear maker's stock worth $39,000 after buying an additional 250 shares in the last quarter. Finally, Putney Financial Group LLC purchased a new stake in shares of NIKE in the fourth quarter worth about $40,000. Institutional investors own 64.25% of the company's stock.

NIKE Trading Down 0.9%

NYSE:NKE traded down $0.65 during trading hours on Friday, hitting $72.34. The company had a trading volume of 2,420,737 shares, compared to its average volume of 15,070,282. The company has a market capitalization of $106.99 billion, a PE ratio of 33.48, a price-to-earnings-growth ratio of 2.65 and a beta of 1.25. The stock has a 50-day moving average price of $65.21 and a 200 day moving average price of $67.29. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $90.62. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 1.50.

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

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders 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 2.21%. The ex-dividend date of this dividend was Monday, June 2nd. NIKE's dividend payout ratio is currently 74.07%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada lowered their price target on shares of NIKE from $66.00 to $65.00 and set a "sector perform" rating on the stock in a report on Tuesday, May 20th. HSBC raised shares of NIKE from a "hold" rating to a "buy" rating and set a $80.00 target price on the stock in a research note on Friday, June 27th. Evercore ISI lowered their target price on shares of NIKE from $97.00 to $75.00 and set an "outperform" rating on the stock in a research note on Tuesday, June 24th. Needham & Company LLC raised their target price on shares of NIKE from $66.00 to $78.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of NIKE in a research note on Friday, May 23rd. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, NIKE presently has a consensus rating of "Moderate Buy" and an average price target of $77.15.

Insider Buying and Selling

In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of the firm's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total transaction of $7,951,900.00. Following the completion of the transaction, the chairman owned 842,361 shares of the company's stock, valued at approximately $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 can be accessed through this link. Corporate 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.