NIKE, Inc. (NYSE:NKE) Shares Sold by Stokes Family Office LLC

Stokes Family Office LLC reduced its position in shares of NIKE, Inc. (NYSE:NKE) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,781 shares of the footwear maker’s stock after selling 1,655 shares during the period. Stokes Family Office LLC’s holdings in NIKE were worth $2,799,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. FMR LLC grew its stake in 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 boosted its stake in shares of NIKE by 4.5% during 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. Fisher Asset Management LLC boosted its stake in shares of NIKE by 2.3% during the 4th quarter. Fisher Asset Management LLC now owns 9,887,769 shares of the footwear maker’s stock valued at $1,073,515,000 after buying an additional 219,091 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of NIKE by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,200,932 shares of the footwear maker’s stock worth $766,829,000 after buying an additional 89,947 shares in the last quarter. Finally, Newport Trust Company LLC bought a new stake in shares of NIKE in the third quarter worth $679,775,000. 64.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on NKE shares. HSBC decreased their price objective on shares of NIKE from $120.00 to $115.00 and set a “hold” rating for the company in a report on Monday, January 22nd. Oppenheimer lowered NIKE from an “outperform” rating to a “market perform” rating and set a $110.00 price objective for the company. in a report on Friday, February 16th. Bank of America raised NIKE from a “neutral” rating to a “buy” rating and increased their target price for the stock from $110.00 to $113.00 in a report on Thursday, April 11th. UBS Group lowered their price target on NIKE from $138.00 to $125.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Finally, Stifel Nicolaus reduced their price objective on NIKE from $129.00 to $117.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $116.26.

NIKE Price Performance

NKE traded down $0.26 during trading on Friday, reaching $92.15. The stock had a trading volume of 5,736,030 shares, compared to its average volume of 9,280,863. NIKE, Inc. has a 1-year low of $88.66 and a 1-year high of $127.69. The firm has a market capitalization of $139.09 billion, a price-to-earnings ratio of 27.10, a price-to-earnings-growth ratio of 1.74 and a beta of 1.07. The stock has a 50 day moving average of $96.00 and a two-hundred day moving average of $103.11. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 39.41% and a net margin of 10.14%. As a group, equities analysts anticipate that NIKE, Inc. will post 3.73 EPS for the current fiscal year.

NIKE Announces Dividend

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

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.