First Command Bank reduced its position in Nike Inc (NYSE:NKE) by 22.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 5,764 shares of the footwear maker’s stock after selling 1,625 shares during the quarter. First Command Bank’s holdings in Nike were worth $485,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Thrivent Financial for Lutherans increased its stake in Nike by 42.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 2,133,675 shares of the footwear maker’s stock valued at $158,219,000 after buying an additional 635,410 shares during the period. Hollencrest Capital Management acquired a new position in shares of Nike during the 1st quarter worth $202,000. WealthTrust Fairport LLC grew its stake in shares of Nike by 2.7% during the 4th quarter. WealthTrust Fairport LLC now owns 60,157 shares of the footwear maker’s stock worth $4,460,000 after purchasing an additional 1,604 shares during the period. Tiemann Investment Advisors LLC grew its stake in shares of Nike by 2.4% during the 4th quarter. Tiemann Investment Advisors LLC now owns 5,420 shares of the footwear maker’s stock worth $402,000 after purchasing an additional 125 shares during the period. Finally, Brinker Capital Inc. grew its stake in shares of Nike by 4.1% during the 4th quarter. Brinker Capital Inc. now owns 85,941 shares of the footwear maker’s stock worth $6,375,000 after purchasing an additional 3,400 shares during the period. 65.62% of the stock is currently owned by institutional investors.

NKE has been the topic of a number of recent analyst reports. Bank of America set a $55.00 price target on shares of Nike and gave the stock a “sell” rating in a research note on Sunday, December 23rd. Cowen set a $80.00 price target on shares of Nike and gave the stock a “hold” rating in a research note on Friday, January 11th. Canaccord Genuity set a $96.00 price target on shares of Nike and gave the stock a “buy” rating in a research note on Monday, March 18th. Morgan Stanley set a $103.00 price target on shares of Nike and gave the stock a “buy” rating in a research note on Friday, March 22nd. Finally, HSBC raised shares of Nike from a “hold” rating to a “buy” rating and upped their price target for the stock from $92.00 to $95.00 in a research note on Tuesday, January 8th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-five have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $87.10.

Nike stock opened at $89.20 on Monday. Nike Inc has a 52 week low of $64.99 and a 52 week high of $90.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.43 and a current ratio of 2.17. The stock has a market capitalization of $140.20 billion, a P/E ratio of 36.86, a price-to-earnings-growth ratio of 2.68 and a beta of 0.67.

Nike (NYSE:NKE) last released its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.68 EPS for the quarter, topping the consensus estimate of $0.65 by $0.03. Nike had a net margin of 10.79% and a return on equity of 45.78%. The business had revenue of $9.61 billion for the quarter, compared to analyst estimates of $9.60 billion. During the same period in the previous year, the firm earned $0.68 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. Analysts forecast that Nike Inc will post 2.55 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were issued a $0.22 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.88 dividend on an annualized basis and a yield of 0.99%. Nike’s dividend payout ratio (DPR) is 36.36%.

In other Nike news, EVP Monique S. Matheson sold 16,500 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $88.21, for a total value of $1,455,465.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Eric D. Sprunk sold 40,004 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $87.82, for a total transaction of $3,513,151.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 316,504 shares of company stock worth $26,620,816. 3.90% of the stock is owned by insiders.

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Nike Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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