NIKE, Inc. (NYSE:NKE) Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC trimmed its position in NIKE, Inc. (NYSE:NKE - Free Report) by 31.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,220 shares of the footwear maker's stock after selling 24,112 shares during the period. Parallel Advisors LLC's holdings in NIKE were worth $3,315,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Caitlin John LLC raised its stake in NIKE by 117.0% during the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock valued at $28,000 after buying an additional 200 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in shares of NIKE during the 4th quarter valued at $28,000. Roxbury Financial LLC bought a new stake in shares of NIKE during the 4th quarter valued at $30,000. LFA Lugano Financial Advisors SA lifted its position in NIKE by 110.5% during the fourth 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 in the last quarter. Finally, Hopwood Financial Services Inc. purchased a new position in NIKE during the fourth quarter valued at $30,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Stock Performance

Shares of NIKE stock traded up $0.99 during trading hours on Monday, hitting $61.58. 14,051,958 shares of the company were exchanged, compared to its average volume of 15,036,916. The business has a 50-day moving average of $59.08 and a 200-day moving average of $69.58. NIKE, Inc. has a 1 year low of $52.28 and a 1 year 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 stock has a market capitalization of $91.08 billion, a price-to-earnings ratio of 19.01, a P/E/G ratio of 2.52 and a beta of 1.23.

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

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors 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 2.60%. NIKE's dividend payout ratio is presently 53.16%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NKE. Wells Fargo & Company boosted their target price on shares of NIKE from $55.00 to $60.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Jefferies Financial Group reissued a "buy" rating on shares of NIKE in a research report on Friday, May 23rd. Barclays lowered their price target on NIKE from $70.00 to $60.00 and set an "equal weight" rating for the company in a report on Monday, May 12th. Royal Bank of Canada dropped their target price on NIKE from $66.00 to $65.00 and set a "sector perform" rating on the stock in a research report on Tuesday, May 20th. Finally, Guggenheim reaffirmed a "buy" rating and set a $110.00 price objective on shares of NIKE in a research report on Wednesday, February 12th. Seventeen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $80.26.

Insiders Place Their Bets

In other news, Director Robert Holmes Swan bought 8,600 shares of NIKE stock in a transaction on Friday, April 4th. The shares were bought at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the acquisition, the director now owns 31,983 shares in the company, valued at approximately $1,869,726.18. This trade represents a 36.78% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.10% of the stock is currently owned by company insiders.

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.