NIKE, Inc. (NYSE:NKE) Shares Sold by Enterprise Bank & Trust Co

Enterprise Bank & Trust Co decreased its position in shares of NIKE, Inc. (NYSE:NKE) by 14.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,690 shares of the footwear maker’s stock after selling 3,828 shares during the period. Enterprise Bank & Trust Co’s holdings in NIKE were worth $1,717,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Range Financial Group LLC acquired a new stake in NIKE in the fourth quarter valued at approximately $642,000. Cacti Asset Management LLC acquired a new stake in shares of NIKE in the 4th quarter valued at $9,987,000. ING Groep NV purchased a new stake in shares of NIKE during the 3rd quarter worth $29,628,000. Confluence Investment Management LLC increased its holdings in shares of NIKE by 6.3% in the 4th quarter. Confluence Investment Management LLC now owns 246,080 shares of the footwear maker’s stock valued at $18,621,000 after acquiring an additional 14,592 shares during the last quarter. Finally, Everence Capital Management Inc. raised its position in shares of NIKE by 128.1% during the 4th quarter. Everence Capital Management Inc. now owns 24,680 shares of the footwear maker’s stock worth $1,868,000 after acquiring an additional 13,860 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on NKE. Barclays dropped their target price on shares of NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Stifel Nicolaus dropped their price objective on NIKE from $79.00 to $75.00 and set a “hold” rating on the stock in a report on Friday, December 20th. Robert W. Baird reduced their target price on NIKE from $110.00 to $105.00 and set an “outperform” rating for the company in a report on Monday, December 23rd. Needham & Company LLC restated a “buy” rating and set a $84.00 price target on shares of NIKE in a research note on Friday, December 20th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on NIKE from $92.00 to $82.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Fourteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $89.96.

Insiders Place Their Bets

In other NIKE news, Director John W. Rogers, Jr. purchased 2,500 shares of the firm’s stock in a transaction dated Friday, December 27th. The stock was acquired at an average cost of $76.65 per share, with a total value of $191,625.00. Following the acquisition, the director now owns 34,403 shares of the company’s stock, valued at approximately $2,636,989.95. This represents a 7.84 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 1.10% of the stock is owned by company insiders.

NIKE Stock Up 1.8 %

NKE stock traded up $1.25 during trading on Monday, reaching $72.45. The stock had a trading volume of 9,484,851 shares, compared to its average volume of 11,842,324. The company has a current ratio of 2.36, a quick ratio of 1.58 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 1-year low of $70.75 and a 1-year high of $107.43. The firm has a fifty day moving average price of $76.29 and a 200 day moving average price of $78.25. The company has a market capitalization of $107.16 billion, a P/E ratio of 20.76, a PEG ratio of 1.89 and a beta of 1.02.

NIKE (NYSE:NKE) last posted its quarterly earnings data 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 the consensus estimate of $12.11 billion. NIKE had a return on equity of 39.84% and a net margin of 10.60%. NIKE’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.03 EPS. On average, equities analysts anticipate that NIKE, Inc. will post 2.72 earnings per share for the current year.

NIKE Increases Dividend

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

About NIKE

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.