North Star Asset Management Inc. Has $6.17 Million Stock Position in NIKE, Inc. (NYSE:NKE)

North Star Asset Management Inc. reduced its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 13.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,529 shares of the footwear maker's stock after selling 12,254 shares during the period. North Star Asset Management Inc.'s holdings in NIKE were worth $6,169,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new stake in NIKE during the 4th quarter worth $28,000. Caitlin John LLC increased its position in shares of NIKE by 117.0% during the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock worth $28,000 after acquiring an additional 200 shares during the last quarter. Roxbury Financial LLC acquired a new position in shares of NIKE in the 4th quarter valued at approximately $30,000. LFA Lugano Financial Advisors SA boosted its stake 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 acquiring an additional 210 shares during the last quarter. Finally, Hopwood Financial Services Inc. acquired a new position in NIKE in the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 64.25% of the company's stock.

NIKE Price Performance

NYSE NKE traded down $1.08 on Wednesday, reaching $61.75. The company's stock had a trading volume of 9,772,343 shares, compared to its average volume of 14,958,254. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $98.04. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The firm has a market cap of $91.34 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23. The business has a 50-day moving average price of $59.45 and a 200 day moving average price of $69.95.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, beating the consensus estimate of $0.28 by $0.26. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business had revenue of $11.27 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same quarter in the previous year, the firm earned $0.98 EPS. NIKE's quarterly revenue was down 9.1% on a year-over-year basis. Sell-side analysts expect that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Monday, June 2nd. NIKE's dividend payout ratio (DPR) is currently 53.16%.

Insider Buying and Selling

In other NIKE news, Director Robert Holmes Swan purchased 8,600 shares of the company's stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average cost of $58.46 per share, with a total value of $502,756.00. Following the acquisition, the director now directly owns 31,983 shares of the company's stock, valued at approximately $1,869,726.18. This trade represents a 36.78% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on NKE shares. Telsey Advisory Group decreased their price target on shares of NIKE from $80.00 to $70.00 and set a "market perform" rating for the company in a report on Tuesday, May 6th. Wells Fargo & Company lifted their target price on NIKE from $55.00 to $60.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. BMO Capital Markets decreased their price target on NIKE from $95.00 to $92.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Stifel Nicolaus cut their price objective on NIKE from $75.00 to $64.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Finally, Berenberg Bank began coverage on shares of NIKE in a research report on Tuesday, April 15th. They issued a "hold" rating and a $58.00 target price on the stock. Seventeen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, NIKE presently has an average rating of "Moderate Buy" and an average target price of $80.26.

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.