Augustine Asset Management Inc. decreased its stake in Nike Inc (NYSE:NKE) by 13.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,499 shares of the footwear maker’s stock after selling 4,952 shares during the quarter. Nike makes up about 1.8% of Augustine Asset Management Inc.’s holdings, making the stock its 22nd biggest position. Augustine Asset Management Inc.’s holdings in Nike were worth $2,736,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its position in Nike by 42.4% in the 4th quarter. Thrivent Financial for Lutherans now owns 2,133,675 shares of the footwear maker’s stock worth $158,219,000 after buying an additional 635,410 shares in the last quarter. Hollencrest Capital Management acquired a new position in shares of Nike during the 1st quarter worth $202,000. Tiemann Investment Advisors LLC increased its stake in shares of Nike by 2.4% during the 4th quarter. Tiemann Investment Advisors LLC now owns 5,420 shares of the footwear maker’s stock worth $402,000 after purchasing an additional 125 shares during the last quarter. Brinker Capital Inc. increased its stake in shares of Nike by 4.1% during the 4th quarter. Brinker Capital Inc. now owns 85,941 shares of the footwear maker’s stock worth $6,375,000 after purchasing an additional 3,400 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in shares of Nike by 14.7% during the 4th 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 last quarter. Institutional investors own 65.62% of the company’s stock.

NYSE:NKE opened at $86.83 on Tuesday. Nike Inc has a 1 year low of $64.99 and a 1 year high of $88.59. The company has a current ratio of 2.17, a quick ratio of 1.43 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $135.72 billion, a P/E ratio of 35.88, a PEG ratio of 2.56 and a beta of 0.67.

Nike (NYSE:NKE) last posted its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.03. The company had revenue of $9.61 billion for the quarter, compared to analyst estimates of $9.60 billion. Nike had a net margin of 10.79% and a return on equity of 45.78%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the business posted $0.68 EPS. Research analysts forecast that Nike Inc will post 2.55 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were given a $0.22 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.88 annualized dividend and a yield of 1.01%. Nike’s dividend payout ratio is 36.36%.

Several brokerages have recently commented on NKE. Zacks Investment Research lowered shares of Nike from a “buy” rating to a “hold” rating in a research note on Monday, March 25th. JPMorgan Chase & Co. restated a “buy” rating and set a $90.00 price target on shares of Nike in a research note on Friday. UBS Group dropped their price target on shares of Nike from $87.00 to $86.00 and set a “neutral” rating on the stock in a research note on Friday, March 22nd. Citigroup began coverage on shares of Nike in a research note on Wednesday, April 10th. They set a “buy” rating and a $100.00 price target on the stock. Finally, Wells Fargo & Co increased their price target on shares of Nike from $76.00 to $80.00 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $87.10.

In other Nike news, EVP Monique S. Matheson sold 16,500 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $88.21, for a total value of $1,455,465.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Mark G. Parker sold 150,000 shares of the firm’s stock in a transaction on Wednesday, January 16th. The stock was sold at an average price of $78.00, for a total transaction of $11,700,000.00. Following the completion of the sale, the chairman now owns 1,687,863 shares in the company, valued at $131,653,314. The disclosure for this sale can be found here. Insiders sold a total of 576,500 shares of company stock worth $46,807,665 over the last 90 days. Company insiders own 3.90% of the company’s stock.

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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.

Read More: Return on Investment (ROI)

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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