Russell Investments Group Ltd. Sells 23,172 Shares of NIKE, Inc. (NYSE:NKE)

Russell Investments Group Ltd. lessened its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,342,750 shares of the footwear maker's stock after selling 23,172 shares during the period. Russell Investments Group Ltd. owned approximately 0.09% of NIKE worth $145,823,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. FMR LLC lifted its holdings in shares of NIKE by 0.7% during the 3rd quarter. FMR LLC now owns 18,502,409 shares of the footwear maker's stock valued at $1,769,200,000 after purchasing an additional 125,746 shares in the last quarter. Northern Trust Corp raised its position in NIKE by 4.5% in the 3rd quarter. Northern Trust Corp now owns 15,557,676 shares of the footwear maker's stock valued at $1,487,625,000 after buying an additional 674,198 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in NIKE by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,200,932 shares of the footwear maker's stock valued at $766,829,000 after buying an additional 89,947 shares during the last quarter. Newport Trust Company LLC acquired a new stake in NIKE in the 3rd quarter valued at approximately $679,775,000. Finally, Massachusetts Financial Services Co. MA increased its position in shares of NIKE by 37.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,791,531 shares of the footwear maker's stock worth $553,786,000 after purchasing an additional 1,583,541 shares during the last quarter. Institutional investors own 64.25% of the company's stock.

NIKE Trading Up 0.2 %

Shares of NKE stock traded up $0.18 on Friday, hitting $94.12. The company had a trading volume of 6,115,744 shares, compared to its average volume of 9,124,711. NIKE, Inc. has a twelve month low of $88.66 and a twelve month high of $128.68. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74. The stock's 50-day moving average is $96.96 and its two-hundred day moving average is $103.34. The firm has a market cap of $142.06 billion, a P/E ratio of 27.68, a P/E/G ratio of 1.81 and a beta of 1.08.

NIKE (NYSE:NKE - Get Free Report) last announced its earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, beating the consensus estimate of $0.69 by $0.29. NIKE had a return on equity of 39.41% and a net margin of 10.14%. The company had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.28 billion. On average, equities research analysts anticipate that NIKE, Inc. will post 3.73 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were given a dividend of $0.37 per share. The ex-dividend date was Friday, March 1st. This represents a $1.48 annualized dividend and a dividend yield of 1.57%. NIKE's payout ratio is 43.53%.

Analyst Ratings Changes

Several research analysts have weighed in on NKE shares. Robert W. Baird lowered their price target on NIKE from $140.00 to $125.00 and set an "outperform" rating on the stock in a research report on Friday, March 22nd. Oppenheimer lowered NIKE from an "outperform" rating to a "market perform" rating and set a $110.00 price target on the stock. in a research report on Friday, February 16th. Williams Trading reaffirmed a "sell" rating and set a $85.00 price target (down previously from $92.00) on shares of NIKE in a research report on Monday, March 18th. Wedbush reaffirmed an "outperform" rating and set a $115.00 price target on shares of NIKE in a research report on Wednesday, March 27th. Finally, TheStreet lowered NIKE from a "b" rating to a "c+" rating in a research report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $116.26.

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.