Nelson Van Denburg & Campbell Wealth Management Group LLC decreased its position in shares of Nike Inc (NYSE:NKE) by 9.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,653 shares of the footwear maker’s stock after selling 2,147 shares during the quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Nike were worth $1,485,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. lifted its holdings in Nike by 14.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 47,918 shares of the footwear maker’s stock worth $3,552,000 after purchasing an additional 6,157 shares during the period. Peregrine Capital Management LLC lifted its holdings in Nike by 2.5% in the 4th quarter. Peregrine Capital Management LLC now owns 228,756 shares of the footwear maker’s stock valued at $16,960,000 after acquiring an additional 5,578 shares during the last quarter. TRUE Private Wealth Advisors lifted its holdings in Nike by 7.7% in the 4th quarter. TRUE Private Wealth Advisors now owns 29,731 shares of the footwear maker’s stock valued at $2,210,000 after acquiring an additional 2,131 shares during the last quarter. SG Capital Management LLC acquired a new stake in Nike in the 4th quarter valued at about $5,034,000. Finally, Sustainable Insight Capital Management LLC lifted its holdings in Nike by 30.3% in the 3rd quarter. Sustainable Insight Capital Management LLC now owns 4,564 shares of the footwear maker’s stock valued at $387,000 after acquiring an additional 1,061 shares during the last quarter. 64.77% of the stock is owned by institutional investors.

A number of equities research analysts have weighed in on NKE shares. Macquarie set a $98.00 price target on shares of Nike and gave the company a “buy” rating in a report on Tuesday, December 4th. Stifel Nicolaus reissued a “buy” rating on shares of Nike in a report on Thursday, December 20th. Jefferies Financial Group set a $75.00 price target on shares of Nike and gave the company a “buy” rating in a report on Thursday, December 20th. Deutsche Bank set a $69.00 price objective on Nike and gave the stock a “buy” rating in a report on Thursday, December 20th. Finally, Canaccord Genuity restated a “buy” rating and set a $95.00 price objective on shares of Nike in a report on Monday, December 17th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. Nike currently has a consensus rating of “Buy” and an average price target of $86.76.

In related news, EVP John F. Slusher sold 200,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $74.05, for a total value of $14,810,000.00. Following the completion of the sale, the executive vice president now owns 284,805 shares of the company’s stock, valued at approximately $21,089,810.25. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Mark G. Parker sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $73.68, for a total value of $11,052,000.00. Following the completion of the sale, the chairman now directly owns 1,687,863 shares of the company’s stock, valued at approximately $124,361,745.84. The disclosure for this sale can be found here. In the last three months, insiders sold 816,500 shares of company stock valued at $63,317,465. 3.90% of the stock is currently owned by company insiders.

Shares of NKE opened at $86.69 on Thursday. The stock has a market capitalization of $138.01 billion, a PE ratio of 35.82, a price-to-earnings-growth ratio of 2.70 and a beta of 0.68. Nike Inc has a fifty-two week low of $63.21 and a fifty-two week high of $88.59. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.40 and a current ratio of 2.14.

Nike (NYSE:NKE) last announced its quarterly earnings results on Thursday, December 20th. The footwear maker reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.06. The business had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.17 billion. Nike had a return on equity of 44.85% and a net margin of 5.66%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 EPS. On average, sell-side analysts expect that Nike Inc will post 2.64 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 4th will be paid a $0.22 dividend. The ex-dividend date is Friday, March 1st. This represents a $0.88 annualized dividend and a dividend yield of 1.02%. Nike’s payout ratio is 36.36%.

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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: 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, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and 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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