Rothschild Investment LLC Lowers Stake in NIKE, Inc. $NKE

Rothschild Investment LLC lowered its position in shares of NIKE, Inc. (NYSE:NKE) by 12.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 141,671 shares of the footwear maker’s stock after selling 20,101 shares during the period. Rothschild Investment LLC’s holdings in NIKE were worth $9,026,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in NKE. Guerra Advisors Inc purchased a new position in NIKE during the third quarter valued at approximately $34,000. Gordian Capital Singapore Pte Ltd purchased a new position in NIKE during the third quarter valued at approximately $35,000. Accredited Wealth Management LLC lifted its holdings in NIKE by 268.6% during the third quarter. Accredited Wealth Management LLC now owns 516 shares of the footwear maker’s stock valued at $36,000 after purchasing an additional 376 shares in the last quarter. Matrix Trust Co lifted its holdings in NIKE by 43.6% during the fourth quarter. Matrix Trust Co now owns 596 shares of the footwear maker’s stock valued at $38,000 after purchasing an additional 181 shares in the last quarter. Finally, Ares Financial Consulting LLC purchased a new position in NIKE during the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling at NIKE

In other NIKE news, CEO Elliott Hill purchased 23,660 shares of NIKE stock in a transaction that occurred on Monday, April 13th. The shares were bought at an average price of $42.27 per share, for a total transaction of $1,000,108.20. Following the completion of the transaction, the chief executive officer owned 265,247 shares of the company’s stock, valued at approximately $11,211,990.69. This trade represents a 9.79% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John W. Rogers, Jr. purchased 4,000 shares of NIKE stock in a transaction that occurred on Thursday, April 9th. The stock was acquired at an average price of $43.34 per share, for a total transaction of $173,360.00. Following the transaction, the director directly owned 41,022 shares of the company’s stock, valued at $1,777,893.48. The trade was a 10.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have purchased 64,441 shares of company stock worth $2,734,204. Company insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

NKE has been the topic of several analyst reports. Jefferies Financial Group lowered their price target on shares of NIKE from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Sanford C. Bernstein reaffirmed a “buy” rating on shares of NIKE in a report on Monday, May 11th. The Goldman Sachs Group reiterated a “neutral” rating and set a $52.00 price objective (down from $76.00) on shares of NIKE in a research report on Wednesday, April 1st. BTIG Research reduced their price objective on shares of NIKE from $90.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Finally, Evercore reduced their price objective on shares of NIKE from $69.00 to $57.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 1st. Sixteen analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, NIKE presently has a consensus rating of “Hold” and an average price target of $62.04.

NIKE Trading Up 3.1%

Shares of NKE stock opened at $47.40 on Friday. NIKE, Inc. has a 12-month low of $41.35 and a 12-month high of $80.17. The company has a current ratio of 2.14, a quick ratio of 1.45 and a debt-to-equity ratio of 0.50. The stock’s 50-day moving average price is $45.89 and its 200-day moving average price is $56.84. The stock has a market capitalization of $70.20 billion, a price-to-earnings ratio of 31.39, a price-to-earnings-growth ratio of 2.44 and a beta of 1.12.

NIKE (NYSE:NKE) last issued its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.06. NIKE had a return on equity of 16.41% and a net margin of 4.84%.The firm had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.23 billion. During the same period in the previous year, the firm posted $0.54 earnings per share. The business’s revenue was up .1% compared to the same quarter last year. Equities research analysts predict that NIKE, Inc. will post 1.51 EPS for the current fiscal year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.5%. The ex-dividend date is Monday, June 1st. NIKE’s payout ratio is currently 108.61%.

NIKE Company Profile

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).