Ycg LLC Reduces Stake in NIKE, Inc. (NYSE:NKE)

Ycg LLC reduced its stake in NIKE, Inc. (NYSE:NKE) by 0.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 307,916 shares of the footwear maker’s stock after selling 440 shares during the quarter. NIKE comprises approximately 2.8% of Ycg LLC’s holdings, making the stock its 16th largest position. Ycg LLC’s holdings in NIKE were worth $33,430,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Moneta Group Investment Advisors LLC lifted its holdings in NIKE by 139,649.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,813,307 shares of the footwear maker’s stock valued at $1,967,325,000 after acquiring an additional 16,801,276 shares during the period. Norges Bank purchased a new stake in NIKE during the 4th quarter valued at $1,345,203,000. Newport Trust Company LLC bought a new stake in NIKE in the third quarter worth $679,775,000. Morgan Stanley boosted its position in shares of NIKE by 26.4% during the fourth quarter. Morgan Stanley now owns 30,720,119 shares of the footwear maker’s stock valued at $3,594,561,000 after buying an additional 6,410,744 shares during the period. Finally, Flossbach Von Storch AG boosted its stake in shares of NIKE by 433.5% during the third quarter. Flossbach Von Storch AG now owns 4,128,587 shares of the footwear maker’s stock valued at $394,775,000 after purchasing an additional 3,354,677 shares during the period. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Analysts Set New Price Targets

NKE has been the topic of several recent research reports. Bank of America upgraded shares of 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $100.00 price objective (down previously from $110.00) on shares of NIKE in a research note on Friday, March 22nd. UBS Group reduced their price target on NIKE from $138.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Robert W. Baird dropped their price objective on NIKE from $140.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Finally, Jefferies Financial Group decreased their price target on shares of NIKE from $110.00 to $100.00 and set a “hold” rating for the company 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 given a buy rating to the company. According to MarketBeat.com, NIKE currently has an average rating of “Moderate Buy” and an average target price of $116.26.

NIKE Stock Down 0.1 %

Shares of NKE stock traded down $0.12 on Friday, hitting $91.88. The stock had a trading volume of 7,259,148 shares, compared to its average volume of 9,484,226. The firm has a market capitalization of $139.83 billion, a price-to-earnings ratio of 27.14, a P/E/G ratio of 1.67 and a beta of 1.08. NIKE, Inc. has a 52-week low of $88.66 and a 52-week high of $128.68. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74. The stock’s 50 day moving average is $99.14 and its 200-day moving average is $103.27.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. The firm had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. As a group, research analysts expect that NIKE, Inc. will post 3.7 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were given a dividend of $0.37 per share. The ex-dividend date was Friday, March 1st. This represents a $1.48 annualized dividend and a dividend yield of 1.61%. NIKE’s dividend payout ratio (DPR) is 43.53%.

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.