Nike Inc (NKE) Holdings Lowered by Claraphi Advisory Network LLC
Claraphi Advisory Network LLC cut its position in Nike Inc (NYSE:NKE) by 63.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,786 shares of the footwear maker’s stock after selling 4,937 shares during the period. Claraphi Advisory Network LLC’s holdings in Nike were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Gemmer Asset Management LLC grew its position in shares of Nike by 54.2% in the 4th quarter. Gemmer Asset Management LLC now owns 427 shares of the footwear maker’s stock valued at $32,000 after buying an additional 150 shares during the last quarter. Acima Private Wealth LLC purchased a new position in shares of Nike in the 4th quarter valued at $39,000. Proffitt & Goodson Inc. purchased a new position in shares of Nike in the 4th quarter valued at $44,000. Athena Capital Advisors LLC purchased a new position in shares of Nike in the 4th quarter valued at $56,000. Finally, Ruggie Capital Group grew its position in shares of Nike by 40.7% in the 4th quarter. Ruggie Capital Group now owns 805 shares of the footwear maker’s stock valued at $60,000 after buying an additional 233 shares during the last quarter. 64.85% of the stock is currently owned by institutional investors.
NKE stock opened at $86.80 on Friday. Nike Inc has a one year low of $63.21 and a one year high of $87.99. The firm has a market capitalization of $136.72 billion, a PE ratio of 35.87, a PEG ratio of 2.64 and a beta of 0.68. The company has a quick ratio of 1.40, a current ratio of 2.14 and a debt-to-equity ratio of 0.40.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 4th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, March 1st. Nike’s dividend payout ratio (DPR) is presently 36.36%.
In related news, EVP John F. Slusher sold 200,000 shares of the firm’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $74.05, for a total value of $14,810,000.00. Following the completion of the sale, the executive vice president now owns 284,805 shares in the company, valued at $21,089,810.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Mark G. Parker sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $82.00, for a total transaction of $12,300,000.00. Following the completion of the sale, the chairman now owns 1,539,963 shares of the company’s stock, valued at approximately $126,276,966. The disclosure for this sale can be found here. Insiders sold a total of 800,000 shares of company stock valued at $61,862,000 in the last 90 days. Company insiders own 3.90% of the company’s stock.
A number of research analysts recently commented on NKE shares. Robert W. Baird reaffirmed a “buy” rating and issued a $94.00 target price on shares of Nike in a research report on Monday, November 19th. Wells Fargo & Co set a $82.00 target price on shares of Nike and gave the company a “neutral” rating in a research report on Monday, November 19th. Macquarie set a $98.00 target price on shares of Nike and gave the company a “buy” rating in a research report on Tuesday, November 20th. Zacks Investment Research downgraded shares of Nike from a “hold” rating to a “sell” rating in a research report on Tuesday, November 27th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $85.00 price objective on shares of Nike in a research report on Monday, December 3rd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $84.59.
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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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