FourThought Financial Partners LLC Decreases Stock Position in NIKE, Inc. (NYSE:NKE)

FourThought Financial Partners LLC cut its stake in shares of NIKE, Inc. (NYSE:NKE) by 2.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,680 shares of the footwear maker’s stock after selling 890 shares during the quarter. FourThought Financial Partners LLC’s holdings in NIKE were worth $3,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Rovin Capital UT ADV bought a new position in NIKE during the 3rd quarter valued at approximately $308,000. Folger Nolan Fleming Douglas Capital Management Inc. boosted its holdings in NIKE by 20.0% in the third quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 3,847 shares of the footwear maker’s stock valued at $368,000 after acquiring an additional 640 shares in the last quarter. Smithbridge Asset Management Inc. DE increased its position in NIKE by 0.7% during the 3rd quarter. Smithbridge Asset Management Inc. DE now owns 48,664 shares of the footwear maker’s stock valued at $4,653,000 after purchasing an additional 324 shares during the period. Sawyer & Company Inc raised its holdings in NIKE by 91.5% in the 3rd quarter. Sawyer & Company Inc now owns 45,883 shares of the footwear maker’s stock worth $4,387,000 after purchasing an additional 21,928 shares in the last quarter. Finally, Vantage Investment Partners LLC lifted its position in shares of NIKE by 35.5% in the 3rd quarter. Vantage Investment Partners LLC now owns 274,343 shares of the footwear maker’s stock worth $26,233,000 after purchasing an additional 71,940 shares during the period. 64.25% of the stock is currently owned by institutional investors.

NIKE Stock Performance

Shares of NIKE stock traded down $0.26 during trading hours on Friday, reaching $92.15. 5,736,711 shares of the stock traded hands, compared to its average volume of 8,740,078. NIKE, Inc. has a one year low of $88.66 and a one year high of $127.69. The firm has a market capitalization of $139.09 billion, a price-to-earnings ratio of 27.10, a P/E/G ratio of 1.78 and a beta of 1.07. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63. The company has a 50 day moving average price of $95.73 and a 200 day moving average price of $103.05.

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

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be issued a $0.37 dividend. The ex-dividend date is Monday, June 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.61%. NIKE’s dividend payout ratio is currently 43.53%.

Analyst Ratings Changes

A number of research firms recently issued reports on NKE. HSBC decreased their price target on shares of NIKE from $120.00 to $115.00 and set a “hold” rating for the company in a research note on Monday, January 22nd. Jefferies Financial Group lowered their target price on NIKE from $110.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, March 22nd. Robert W. Baird reduced their price target on NIKE from $140.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Wedbush reissued an “outperform” rating and set a $115.00 price objective on shares of NIKE in a research report on Tuesday. Finally, The Goldman Sachs Group reduced their target price on shares of NIKE from $135.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $116.26.

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.