NBW Capital LLC Decreases Stock Position in NIKE, Inc. (NYSE:NKE)


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NBW Capital LLC cut its holdings in NIKE, Inc. (NYSE:NKE) by 6.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 36,399 shares of the footwear maker’s stock after selling 2,686 shares during the quarter. NIKE makes up about 1.6% of NBW Capital LLC’s holdings, making the stock its 21st largest holding. NBW Capital LLC’s holdings in NIKE were worth $5,149,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the business. SeaCrest Wealth Management LLC raised its stake in shares of NIKE by 11.0% in the fourth quarter. SeaCrest Wealth Management LLC now owns 2,192 shares of the footwear maker’s stock worth $310,000 after purchasing an additional 217 shares during the last quarter. Cable Hill Partners LLC raised its stake in shares of NIKE by 11.0% in the fourth quarter. Cable Hill Partners LLC now owns 26,700 shares of the footwear maker’s stock worth $3,777,000 after purchasing an additional 2,644 shares during the last quarter. Premier Fund Managers Ltd purchased a new position in shares of NIKE in the fourth quarter worth about $6,514,000. Lord Abbett & CO. LLC raised its stake in shares of NIKE by 23.9% in the fourth quarter. Lord Abbett & CO. LLC now owns 1,418,563 shares of the footwear maker’s stock worth $200,684,000 after purchasing an additional 273,988 shares during the last quarter. Finally, Parisi Gray Wealth Management raised its stake in shares of NIKE by 1.9% in the fourth quarter. Parisi Gray Wealth Management now owns 14,760 shares of the footwear maker’s stock worth $2,088,000 after purchasing an additional 280 shares during the last quarter. Institutional investors own 64.20% of the company’s stock.

In other NIKE news, CAO Hilary K. Krane sold 41,500 shares of NIKE stock in a transaction on Tuesday, December 22nd. The stock was sold at an average price of $142.84, for a total value of $5,927,860.00. Also, VP Chris L. Abston sold 30,000 shares of NIKE stock in a transaction on Thursday, January 7th. The shares were sold at an average price of $145.00, for a total value of $4,350,000.00. In the last quarter, insiders have sold 444,500 shares of company stock worth $62,461,870. 3.80% of the stock is currently owned by company insiders.

Shares of NYSE NKE traded down $3.24 during midday trading on Tuesday, hitting $133.43. The stock had a trading volume of 238,966 shares, compared to its average volume of 5,287,014. The company has a market capitalization of $210.35 billion, a PE ratio of 78.10, a P/E/G ratio of 2.51 and a beta of 0.83. The stock has a 50 day simple moving average of $141.23 and a 200-day simple moving average of $129.43. NIKE, Inc. has a 1 year low of $60.00 and a 1 year high of $147.95. The company has a quick ratio of 1.97, a current ratio of 2.66 and a debt-to-equity ratio of 0.88.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, December 17th. The footwear maker reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.15. NIKE had a return on equity of 34.89% and a net margin of 7.39%. The firm had revenue of $11.24 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter last year, the business posted $0.70 earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. As a group, analysts expect that NIKE, Inc. will post 2.96 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 1st. Investors of record on Monday, March 1st will be given a dividend of $0.275 per share. The ex-dividend date is Friday, February 26th. This represents a $1.10 dividend on an annualized basis and a yield of 0.82%. NIKE’s payout ratio is 59.46%.

Several research analysts have recently issued reports on NKE shares. Smith Barney Citigroup raised their price objective on NIKE from $137.00 to $157.00 in a research note on Monday, December 21st. Raymond James raised their price objective on NIKE from $140.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, December 21st. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their target price on NIKE from $137.00 to $157.00 in a report on Monday, December 21st. KeyCorp raised their target price on NIKE from $174.00 to $180.00 and gave the stock an “overweight” rating in a report on Monday, January 25th. Finally, Credit Suisse Group set a $162.00 target price on NIKE and gave the stock a “buy” rating in a report on Monday, January 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $154.63.

NIKE Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories, including running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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