Yousif Capital Management LLC Reduces Position in NIKE, Inc. (NYSE:NKE)

Yousif Capital Management LLC trimmed its stake in shares of NIKE, Inc. (NYSE:NKE) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 173,788 shares of the footwear maker’s stock after selling 6,751 shares during the quarter. Yousif Capital Management LLC’s holdings in NIKE were worth $18,868,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Impact Partnership Wealth LLC lifted its holdings in NIKE by 220.7% in the third quarter. Impact Partnership Wealth LLC now owns 263 shares of the footwear maker’s stock worth $25,000 after acquiring an additional 181 shares during the last quarter. Iron Horse Wealth Management LLC lifted its position in shares of NIKE by 120.7% in the 4th quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock valued at $28,000 after acquiring an additional 140 shares in the last quarter. Planned Solutions Inc. acquired a new stake in NIKE during the 4th quarter worth about $29,000. Raleigh Capital Management Inc. grew its holdings in shares of NIKE by 134.2% during the 3rd quarter. Raleigh Capital Management Inc. now owns 377 shares of the footwear maker’s stock valued at $36,000 after acquiring an additional 216 shares in the last quarter. Finally, Stephens Consulting LLC grew its stake in shares of NIKE by 160.0% in the 3rd quarter. Stephens Consulting LLC now owns 390 shares of the footwear maker’s stock valued at $37,000 after buying an additional 240 shares in the last quarter. 64.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NKE. HSBC lowered their price objective on NIKE from $120.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, January 22nd. Barclays reduced their target price on shares of NIKE from $142.00 to $114.00 and set an “overweight” rating on the stock in a research report on Monday, March 25th. Stifel Nicolaus lowered their price objective on NIKE from $129.00 to $117.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. UBS Group dropped their target price on shares of NIKE from $138.00 to $125.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Finally, Robert W. Baird lowered their price target on NIKE from $140.00 to $125.00 and set an “outperform” rating for the company in a research note on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $116.26.

NIKE Price Performance

NYSE:NKE traded down $0.15 on Tuesday, reaching $94.04. 6,579,633 shares of the company’s stock traded hands, compared to its average volume of 9,562,076. The stock has a 50-day simple moving average of $97.63 and a 200-day simple moving average of $103.44. NIKE, Inc. has a 12 month low of $88.66 and a 12 month high of $128.68. The firm has a market cap of $141.94 billion, a PE ratio of 27.66, a P/E/G ratio of 1.82 and a beta of 1.09. 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 posted its earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.29. NIKE had a net margin of 10.14% and a return on equity of 39.41%. The firm had revenue of $12.43 billion during the quarter, compared to analyst estimates of $12.28 billion. Equities research analysts forecast that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were issued a $0.37 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.48 annualized dividend and a dividend yield of 1.57%. NIKE’s payout ratio is 43.53%.

NIKE 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.