NIKE, Inc. (NYSE:NKE) Stock Position Cut by Logan Capital Management Inc.

Logan Capital Management Inc. reduced its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 41.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,448 shares of the footwear maker's stock after selling 13,034 shares during the quarter. Logan Capital Management Inc.'s holdings in NIKE were worth $1,396,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NKE. Heck Capital Advisors LLC acquired a new position in NIKE during the 4th quarter worth about $28,000. Caitlin John LLC raised its position in NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. Roxbury Financial LLC acquired a new position in shares of NIKE during the fourth quarter worth about $30,000. LFA Lugano Financial Advisors SA increased its stake in shares of NIKE by 110.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock worth $30,000 after buying an additional 210 shares during the period. Finally, Hopwood Financial Services Inc. purchased a new stake in shares of NIKE during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 64.25% of the company's stock.

Insider Buying and Selling at NIKE

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on NKE shares. Jefferies Financial Group upgraded NIKE from a "hold" rating to a "buy" rating and raised their price target for the company from $75.00 to $115.00 in a research note on Monday, February 24th. Royal Bank of Canada lowered their price target on NIKE from $67.00 to $66.00 and set a "sector perform" rating for the company in a report on Friday, March 21st. Berenberg Bank assumed coverage on shares of NIKE in a research note on Tuesday, April 15th. They issued a "hold" rating and a $58.00 price target on the stock. Robert W. Baird reduced their price objective on shares of NIKE from $105.00 to $99.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Finally, Citigroup dropped their target price on shares of NIKE from $72.00 to $57.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Seventeen investment 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $80.30.

NIKE Stock Up 1.2%

Shares of NKE traded up $0.73 during trading on Friday, reaching $63.13. The company's stock had a trading volume of 12,902,903 shares, compared to its average volume of 14,814,009. The company has a market cap of $93.38 billion, a price-to-earnings ratio of 19.48, a P/E/G ratio of 2.52 and a beta of 1.23. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The company has a fifty day moving average of $61.29 and a two-hundred day moving average of $70.85. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $98.04.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 earnings per share 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 firm had revenue of $11.27 billion during the quarter, compared to analyst estimates of $11.02 billion. During the same period in the previous year, the company earned $0.98 earnings per share. NIKE's quarterly revenue was down 9.1% on a year-over-year basis. On average, sell-side analysts predict that NIKE, Inc. will post 2.05 EPS for the current fiscal 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 issued 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 2.53%. NIKE's dividend payout ratio is currently 53.16%.

About NIKE

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.