Tenere Capital LLC Sells 56,161 Shares of NIKE, Inc. (NYSE:NKE)

Tenere Capital LLC cut its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 23.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 185,562 shares of the footwear maker's stock after selling 56,161 shares during the quarter. NIKE comprises about 3.7% of Tenere Capital LLC's investment portfolio, making the stock its 13th biggest holding. Tenere Capital LLC's holdings in NIKE were worth $14,041,000 at the end of the most recent quarter.

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

NIKE Stock Performance

NIKE stock traded down $0.82 on Friday, hitting $57.66. The company's stock had a trading volume of 17,132,246 shares, compared to its average volume of 14,426,587. NIKE, Inc. has a one year low of $52.28 and a one year high of $98.04. The firm has a market cap of $85.29 billion, a P/E ratio of 17.80, a price-to-earnings-growth ratio of 2.52 and a beta of 1.15. 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 price of $66.75 and a 200-day moving average price of $72.95.

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

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were issued a dividend of $0.40 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.77%. NIKE's payout ratio is presently 53.16%.

Analyst Ratings Changes

A number of research firms recently commented on NKE. The Goldman Sachs Group decreased their price objective on shares of NIKE from $88.00 to $72.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. lowered their price target on NIKE from $73.00 to $64.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Berenberg Bank assumed coverage on NIKE in a research report on Tuesday, April 15th. They set a "hold" rating and a $58.00 price target on the stock. Telsey Advisory Group restated a "market perform" rating and set a $80.00 price objective on shares of NIKE in a research report on Monday, March 17th. Finally, Cfra Research upgraded shares of NIKE to a "moderate buy" rating in a research note on Friday, March 21st. Sixteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $82.81.

Insider Activity

In other NIKE news, Director Robert Holmes Swan acquired 8,600 shares of NIKE stock in a transaction on Friday, April 4th. The shares were bought at an average price of $58.46 per share, with a total value of $502,756.00. Following the completion of the purchase, the director now owns 31,983 shares in the company, valued at $1,869,726.18. This trade represents a 36.78 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the firm's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $72.83, for a total value of $12,361,581.56. Following the completion of the sale, the chairman now owns 896,632 shares of the company's stock, valued at approximately $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate 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.