Geo Capital Gestora de Recursos Ltd Sells 33,095 Shares of NIKE, Inc. (NYSE:NKE)

Geo Capital Gestora de Recursos Ltd lowered its stake in NIKE, Inc. (NYSE:NKEFree Report) by 66.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,632 shares of the footwear maker’s stock after selling 33,095 shares during the quarter. NIKE makes up approximately 2.0% of Geo Capital Gestora de Recursos Ltd’s investment portfolio, making the stock its 19th largest position. Geo Capital Gestora de Recursos Ltd’s holdings in NIKE were worth $1,806,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Iron Horse Wealth Management LLC lifted its holdings in shares of NIKE by 120.7% in the fourth quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock worth $28,000 after acquiring an additional 140 shares during the last quarter. Planned Solutions Inc. bought a new position in NIKE in the 4th quarter valued at approximately $29,000. True Wealth Design LLC raised its holdings in NIKE by 106.4% in the 4th quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock valued at $32,000 after buying an additional 150 shares during the last quarter. Core Wealth Advisors Inc. raised its holdings in NIKE by 408.5% in the 4th quarter. Core Wealth Advisors Inc. now owns 300 shares of the footwear maker’s stock valued at $33,000 after buying an additional 241 shares during the last quarter. Finally, Frank Rimerman Advisors LLC bought a new position in NIKE in the 4th quarter valued at approximately $33,000. Institutional investors own 64.25% of the company’s stock.

Insider Transactions at NIKE

In other news, VP Johanna Nielsen sold 282 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $93.64, for a total value of $26,406.48. Following the sale, the vice president now directly owns 730 shares of the company’s stock, valued at $68,357.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, VP Johanna Nielsen sold 282 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $93.64, for a total value of $26,406.48. Following the transaction, the vice president now directly owns 730 shares in the company, valued at $68,357.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Monique S. Matheson sold 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $94.16, for a total transaction of $4,237,200.00. Following the completion of the transaction, the executive vice president now owns 44,997 shares in the company, valued at $4,236,917.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 213,660 shares of company stock valued at $19,946,333. 0.50% of the stock is currently owned by corporate insiders.

NIKE Price Performance

Shares of NIKE stock traded down $0.79 on Friday, reaching $93.39. The stock had a trading volume of 7,426,757 shares, compared to its average volume of 8,421,531. NIKE, Inc. has a 1 year low of $88.66 and a 1 year high of $123.39. The company has a market cap of $140.96 billion, a P/E ratio of 27.47, a price-to-earnings-growth ratio of 1.70 and a beta of 1.05. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. The business’s 50 day moving average is $93.14 and its two-hundred day moving average is $100.52.

NIKE (NYSE:NKEGet Free Report) last announced its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $12.28 billion. As a group, research analysts anticipate that NIKE, Inc. will post 3.76 EPS for the current year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Monday, June 3rd. NIKE’s payout ratio is 43.53%.

Analyst Ratings Changes

A number of brokerages recently issued reports on NKE. The Goldman Sachs Group dropped their price objective on shares of NIKE from $135.00 to $120.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Stifel Nicolaus dropped their price objective on shares of NIKE from $129.00 to $117.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Telsey Advisory Group dropped their price objective on shares of NIKE from $140.00 to $120.00 and set an “outperform” rating for the company in a report on Monday, March 18th. Evercore ISI dropped their price objective on shares of NIKE from $127.00 to $117.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Finally, Williams Trading restated a “sell” rating and set a $85.00 price target (down previously from $92.00) on shares of NIKE in a report on Monday, March 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.59.

View Our Latest Report on NKE

NIKE 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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