NIKE, Inc. (NYSE:NKE) Stock Holdings Decreased by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. reduced its position in NIKE, Inc. (NYSE:NKE) by 13.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,783 shares of the footwear maker’s stock after selling 8,346 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in NIKE were worth $3,414,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Heck Capital Advisors LLC purchased a new position in shares of NIKE in the fourth quarter worth approximately $28,000. EnRich Financial Partners LLC increased its position in shares of NIKE by 196.4% in the fourth quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker’s stock worth $31,000 after acquiring an additional 273 shares in the last quarter. Roxbury Financial LLC increased its position in shares of NIKE by 52.1% in the first quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker’s stock worth $37,000 after acquiring an additional 201 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE increased its position in shares of NIKE by 95.1% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 513 shares of the footwear maker’s stock worth $39,000 after acquiring an additional 250 shares in the last quarter. Finally, Putney Financial Group LLC purchased a new position in shares of NIKE in the fourth quarter worth approximately $40,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on NKE. JPMorgan Chase & Co. boosted their price objective on shares of NIKE from $56.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday, June 27th. Berenberg Bank began coverage on shares of NIKE in a research report on Tuesday, April 15th. They set a “hold” rating and a $58.00 price objective on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and set a $70.00 price objective on shares of NIKE in a research report on Friday, June 27th. UBS Group began coverage on shares of NIKE in a research report on Sunday, July 6th. They set a “buy” rating on the stock. Finally, Royal Bank Of Canada lowered their price objective on shares of NIKE from $66.00 to $65.00 and set a “sector perform” rating on the stock in a research report on Tuesday, May 20th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.15.

NIKE Price Performance

Shares of NIKE stock opened at $72.05 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 1.50. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $90.62. The firm has a fifty day moving average price of $64.66 and a two-hundred day moving average price of $67.27. The company has a market cap of $106.57 billion, a PE ratio of 33.36, a price-to-earnings-growth ratio of 2.65 and a beta of 1.25.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The company had revenue of $11.10 billion during the quarter, compared to analysts’ expectations of $10.69 billion. During the same quarter in the prior year, the company posted $0.99 EPS. The business’s revenue was down 11.9% on a year-over-year basis. Analysts expect that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Monday, June 2nd. NIKE’s dividend payout ratio is 74.07%.

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.