Apella Capital LLC Cuts Stock Position in NIKE, Inc. (NYSE:NKE)

Apella Capital LLC decreased its holdings in NIKE, Inc. (NYSE:NKE – Get Rating) by 8.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,011 shares of the footwear maker’s stock after selling 394 shares during the quarter. Apella Capital LLC’s holdings in NIKE were worth $469,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Turim 21 Investimentos Ltda. raised its holdings in shares of NIKE by 821.1% in the 3rd quarter. Turim 21 Investimentos Ltda. now owns 350 shares of the footwear maker’s stock worth $29,000 after purchasing an additional 312 shares during the period. Worth Asset Management LLC acquired a new position in shares of NIKE in the 1st quarter worth approximately $32,000. Ameliora Wealth Management Ltd. acquired a new position in NIKE during the 3rd quarter valued at approximately $33,000. Moisand Fitzgerald Tamayo LLC boosted its position in NIKE by 32.8% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 482 shares of the footwear maker’s stock valued at $40,000 after purchasing an additional 119 shares during the period. Finally, Penserra Capital Management LLC acquired a new position in NIKE during the 3rd quarter worth $42,000. Institutional investors and hedge funds own 63.20% of the company’s stock.

NIKE Stock Down 0.2 %

NIKE stock opened at $120.39 on Friday. NIKE, Inc. has a twelve month low of $82.22 and a twelve month high of $139.86. The firm has a 50 day moving average price of $123.67 and a 200-day moving average price of $109.91. The company has a market capitalization of $186.67 billion, a P/E ratio of 33.91, a P/E/G ratio of 3.81 and a beta of 1.10. The company has a quick ratio of 1.78, a current ratio of 2.69 and a debt-to-equity ratio of 0.58.

NIKE (NYSE:NKE – Get Rating) last released its earnings results on Tuesday, December 20th. The footwear maker reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.20. NIKE had a net margin of 11.47% and a return on equity of 36.83%. The firm had revenue of $13.32 billion during the quarter, compared to the consensus estimate of $12.61 billion. As a group, equities analysts predict that NIKE, Inc. will post 3.13 EPS for the current year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Monday, March 6th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.13%. The ex-dividend date is Friday, March 3rd. NIKE’s dividend payout ratio (DPR) is presently 38.31%.

Insider Buying and Selling

In related news, EVP Monique S. Matheson sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 6th. The shares were sold at an average price of $124.00, for a total value of $620,000.00. Following the completion of the transaction, the executive vice president now directly owns 60,213 shares of the company’s stock, valued at approximately $7,466,412. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other NIKE news, EVP Monique S. Matheson sold 5,000 shares of the firm’s stock in a transaction on Friday, January 6th. The shares were sold at an average price of $124.00, for a total value of $620,000.00. Following the completion of the transaction, the executive vice president now directly owns 60,213 shares of the company’s stock, valued at approximately $7,466,412. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Peter B. Henry purchased 557 shares of the business’s stock in a transaction on Tuesday, February 7th. The stock was purchased at an average cost of $125.45 per share, with a total value of $69,875.65. Following the completion of the acquisition, the director now owns 4,062 shares in the company, valued at $509,577.90. The disclosure for this purchase can be found here. 0.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NKE has been the topic of a number of research reports. Wedbush boosted their price objective on NIKE from $120.00 to $125.00 in a research note on Wednesday, December 21st. Credit Suisse Group set a $132.00 target price on NIKE in a research note on Tuesday, January 3rd. Deutsche Bank Aktiengesellschaft upped their price target on NIKE from $126.00 to $133.00 and gave the stock a “buy” rating in a research note on Wednesday, December 21st. Cowen upped their price target on NIKE from $114.00 to $118.00 in a research note on Tuesday, November 22nd. Finally, Sanford C. Bernstein set a $122.00 price target on NIKE in a research note on Monday, January 2nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $129.66.

NIKE Company Profile

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NIKE, Inc engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America, Europe, Middle East & Africa, Greater China, Asia Pacific & Latin America, Global Brand Divisions, Converse, and Corporate.