NIKE, Inc. (NYSE:NKE) Shares Sold by Kozak & Associates Inc.

Kozak & Associates Inc. lessened its holdings in NIKE, Inc. (NYSE:NKE) by 14.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 997 shares of the footwear maker’s stock after selling 175 shares during the period. Kozak & Associates Inc.’s holdings in NIKE were worth $73,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of NKE. Iowa State Bank raised its position in NIKE by 5.9% in the 4th quarter. Iowa State Bank now owns 31,349 shares of the footwear maker’s stock valued at $2,372,000 after purchasing an additional 1,738 shares in the last quarter. Everence Capital Management Inc. lifted its position in NIKE by 128.1% in the fourth quarter. Everence Capital Management Inc. now owns 24,680 shares of the footwear maker’s stock valued at $1,868,000 after acquiring an additional 13,860 shares during the last quarter. Modus Advisors LLC acquired a new position in NIKE in the fourth quarter valued at $85,000. GAMMA Investing LLC grew its holdings in shares of NIKE by 1.0% during the fourth quarter. GAMMA Investing LLC now owns 15,014 shares of the footwear maker’s stock worth $1,136,000 after purchasing an additional 150 shares during the last quarter. Finally, Cacti Asset Management LLC acquired a new stake in shares of NIKE in the fourth quarter valued at approximately $9,987,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director John W. Rogers, Jr. bought 2,500 shares of the stock in a transaction that occurred on Friday, December 27th. The stock was purchased at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the acquisition, the director now owns 34,403 shares in the company, valued at $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

NKE has been the subject of a number of recent research reports. DA Davidson raised shares of NIKE to a “strong-buy” rating in a research report on Monday, December 23rd. Wells Fargo & Company dropped their price target on NIKE from $95.00 to $92.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Robert W. Baird decreased their price objective on NIKE from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Monday, December 23rd. Barclays dropped their target price on NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $84.00 price objective on shares of NIKE in a research report on Friday, December 20th. Fifteen analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $89.58.

NIKE Price Performance

NYSE:NKE traded down $0.85 during trading hours on Monday, reaching $72.46. 9,010,157 shares of the company traded hands, compared to its average volume of 9,801,060. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.36 and a quick ratio of 1.58. The stock has a market cap of $108.64 billion, a P/E ratio of 20.76, a P/E/G ratio of 1.89 and a beta of 1.02. NIKE, Inc. has a 1-year low of $70.75 and a 1-year high of $107.43. The firm’s 50-day moving average is $76.91 and its 200-day moving average is $79.09.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.15. The company had revenue of $12.35 billion for the quarter, compared to analysts’ expectations of $12.11 billion. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period last year, the company earned $1.03 EPS. Equities research analysts expect that NIKE, Inc. will post 2.72 earnings per share for the current fiscal year.

NIKE Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were issued a $0.40 dividend. The ex-dividend date was Monday, December 2nd. This is an increase from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a yield of 2.21%. NIKE’s payout ratio is 49.38%.

NIKE Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.