Stokes Capital Advisors LLC Has $2.05 Million Stake in NIKE, Inc. (NYSE:NKE)

Stokes Capital Advisors LLC decreased its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 37.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,214 shares of the footwear maker's stock after selling 19,197 shares during the quarter. Stokes Capital Advisors LLC's holdings in NIKE were worth $2,045,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Renaissance Technologies LLC boosted its stake in NIKE by 1,302.7% in the 4th quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker's stock valued at $196,901,000 after buying an additional 2,416,601 shares in the last quarter. Capitolis Liquid Global Markets LLC boosted its stake in NIKE by 40.9% in the 4th quarter. Capitolis Liquid Global Markets LLC now owns 310,000 shares of the footwear maker's stock valued at $23,458,000 after buying an additional 90,000 shares in the last quarter. Janus Henderson Group PLC raised its position in NIKE by 8.3% in the 4th quarter. Janus Henderson Group PLC now owns 6,081,021 shares of the footwear maker's stock valued at $460,160,000 after purchasing an additional 463,470 shares during the last quarter. Markel Group Inc. raised its position in NIKE by 0.8% in the 4th quarter. Markel Group Inc. now owns 432,400 shares of the footwear maker's stock valued at $32,720,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Evergreen Capital Management LLC raised its position in NIKE by 3.3% in the 4th quarter. Evergreen Capital Management LLC now owns 237,199 shares of the footwear maker's stock valued at $18,042,000 after purchasing an additional 7,536 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company's stock.

NIKE Stock Up 0.2%

NYSE:NKE opened at $62.82 on Friday. 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 cap of $92.92 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 2.52 and a beta of 1.21. The stock has a 50-day moving average price of $58.86 and a two-hundred day moving average price of $69.22.

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

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.55%. NIKE's payout ratio is 53.16%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NKE. Royal Bank of Canada cut their price objective on NIKE from $66.00 to $65.00 and set a "sector perform" rating for the company in a research report on Tuesday, May 20th. Berenberg Bank initiated coverage on NIKE in a research report on Tuesday, April 15th. They set a "hold" rating and a $58.00 target price for the company. Barclays dropped their target price on NIKE from $70.00 to $60.00 and set an "equal weight" rating for the company in a research report on Monday, May 12th. The Goldman Sachs Group dropped their target price on NIKE from $88.00 to $72.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Dbs Bank upgraded NIKE from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Seventeen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $80.26.

Insider Transactions at NIKE

In other news, Director Robert Holmes Swan acquired 8,600 shares of NIKE stock in a transaction dated Friday, April 4th. The stock was bought at an average cost of $58.46 per share, with a total value of $502,756.00. Following the completion of the transaction, the director now directly owns 31,983 shares of the company's stock, valued at approximately $1,869,726.18. This represents a 36.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.