Crake Asset Management LLP Sells 29,500 Shares of NIKE, Inc. (NYSE:NKE)

Crake Asset Management LLP lowered its position in NIKE, Inc. (NYSE:NKEFree Report) by 47.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 32,500 shares of the footwear maker’s stock after selling 29,500 shares during the quarter. NIKE comprises 0.3% of Crake Asset Management LLP’s portfolio, making the stock its 16th biggest position. Crake Asset Management LLP’s holdings in NIKE were worth $3,529,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Allworth Financial LP increased its holdings in shares of NIKE by 13.3% in the third quarter. Allworth Financial LP now owns 6,128 shares of the footwear maker’s stock valued at $586,000 after purchasing an additional 719 shares in the last quarter. Csenge Advisory Group raised its position in shares of NIKE by 31.8% during the third quarter. Csenge Advisory Group now owns 4,454 shares of the footwear maker’s stock worth $426,000 after acquiring an additional 1,074 shares during the last quarter. WealthPlan Investment Management LLC raised its position in shares of NIKE by 4,687.4% during the third quarter. WealthPlan Investment Management LLC now owns 55,294 shares of the footwear maker’s stock worth $5,287,000 after acquiring an additional 54,139 shares during the last quarter. Olympiad Research LP acquired a new position in shares of NIKE during the third quarter valued at $205,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in NIKE in the third quarter valued at about $217,000. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE Stock Up 0.4 %

Shares of NYSE:NKE traded up $0.41 during mid-day trading on Friday, reaching $92.18. 12,019,568 shares of the stock were exchanged, compared to its average volume of 7,993,296. The stock’s 50 day simple moving average is $94.00 and its 200-day simple moving average is $102.37. NIKE, Inc. has a one year low of $88.66 and a one year high of $123.39. The company has a market cap of $139.13 billion, a P/E ratio of 27.11, a P/E/G ratio of 1.78 and a beta of 1.07. 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:NKEGet Free Report) last issued its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.29. The company had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. As a group, equities research analysts predict that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders 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 yield of 1.61%. NIKE’s payout ratio is currently 43.53%.

Analysts Set New Price Targets

A number of research firms have issued reports on NKE. Wedbush restated an “outperform” rating and set a $115.00 target price on shares of NIKE in a research report on Tuesday, April 30th. Wells Fargo & Company reduced their price objective on shares of NIKE from $125.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. Williams Trading reiterated a “sell” rating and set a $85.00 target price (down previously from $92.00) on shares of NIKE in a research report on Monday, March 18th. HSBC reduced their price target on NIKE from $120.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, January 22nd. Finally, Evercore ISI dropped their price objective on NIKE from $127.00 to $117.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat.com, NIKE currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.26.

Get Our Latest Stock Analysis on NKE

Insiders Place Their Bets

In other news, VP Johanna Nielsen sold 282 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $93.64, for a total value of $26,406.48. Following the completion of the transaction, the vice president now owns 730 shares in the company, valued at approximately $68,357.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Johanna Nielsen sold 282 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $93.64, for a total transaction of $26,406.48. Following the sale, the vice president now owns 730 shares in the company, valued at approximately $68,357.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Mark G. Parker sold 168,378 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $93.14, for a total transaction of $15,682,726.92. Following the completion of the transaction, the chairman now directly owns 1,102,090 shares of the company’s stock, valued at $102,648,662.60. The disclosure for this sale can be found here. Insiders have sold 213,660 shares of company stock valued at $19,946,333 in the last three months. 0.50% of the stock is currently owned by corporate insiders.

NIKE Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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