Ramsay Stattman Vela & Price Inc. lowered its position in shares of Nike Inc (NYSE:NKE) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,870 shares of the footwear maker’s stock after selling 2,274 shares during the period. Nike accounts for approximately 3.1% of Ramsay Stattman Vela & Price Inc.’s portfolio, making the stock its 11th largest position. Ramsay Stattman Vela & Price Inc.’s holdings in Nike were worth $7,811,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Field & Main Bank acquired a new position in shares of Nike during the fourth quarter worth $100,000. Willingdon Wealth Management acquired a new position in shares of Nike during the third quarter worth $114,000. Atlantic Trust LLC acquired a new position in shares of Nike during the second quarter worth $136,000. Howe & Rusling Inc. grew its stake in shares of Nike by 751.3% during the third quarter. Howe & Rusling Inc. now owns 2,639 shares of the footwear maker’s stock worth $137,000 after purchasing an additional 2,329 shares in the last quarter. Finally, Horan Capital Advisors LLC. acquired a new position in shares of Nike during the third quarter worth $161,000. Hedge funds and other institutional investors own 62.65% of the company’s stock.

A number of equities analysts recently commented on the stock. Goldman Sachs Group set a $59.00 target price on shares of Nike and gave the stock a “neutral” rating in a research note on Thursday, December 14th. HSBC cut shares of Nike from a “buy” rating to a “hold” rating and boosted their price target for the company from $58.95 to $62.00 in a research report on Tuesday, November 28th. Buckingham Research started coverage on shares of Nike in a research report on Sunday, December 31st. They issued a “buy” rating and a $72.00 price target for the company. Zacks Investment Research raised shares of Nike from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, B. Riley boosted their price target on shares of Nike from $53.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $65.37.

In related news, EVP Monique S. Matheson sold 10,000 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $62.00, for a total transaction of $620,000.00. Following the completion of the transaction, the executive vice president now directly owns 23,248 shares of the company’s stock, valued at $1,441,376. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eric D. Sprunk sold 100,000 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $67.66, for a total transaction of $6,766,000.00. Following the transaction, the insider now directly owns 227,199 shares of the company’s stock, valued at $15,372,284.34. The disclosure for this sale can be found here. Insiders have sold 932,896 shares of company stock valued at $59,594,217 over the last three months. 3.90% of the stock is currently owned by corporate insiders.

Shares of Nike Inc (NKE) opened at $65.87 on Wednesday. Nike Inc has a 1-year low of $50.35 and a 1-year high of $68.83. The company has a quick ratio of 1.67, a current ratio of 2.46 and a debt-to-equity ratio of 0.30. The company has a market cap of $107,470.00, a PE ratio of 28.52, a PEG ratio of 2.96 and a beta of 0.68.

Nike (NYSE:NKE) last announced its earnings results on Thursday, December 21st. The footwear maker reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. Nike had a net margin of 11.13% and a return on equity of 31.64%. The business had revenue of $8.55 billion during the quarter, compared to analysts’ expectations of $8.39 billion. During the same period in the prior year, the company earned $0.50 earnings per share. The business’s revenue was up 4.6% compared to the same quarter last year. sell-side analysts anticipate that Nike Inc will post 2.26 EPS for the current fiscal year.

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About Nike

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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