Mirabaud & Cie SA Sells 4,024 Shares of NIKE, Inc. (NYSE:NKE)

Mirabaud & Cie SA reduced its stake in NIKE, Inc. (NYSE:NKE) by 27.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,480 shares of the footwear maker’s stock after selling 4,024 shares during the period. Mirabaud & Cie SA’s holdings in NIKE were worth $793,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in NKE. Octavia Wealth Advisors LLC grew its holdings in NIKE by 8.9% during the 4th quarter. Octavia Wealth Advisors LLC now owns 18,825 shares of the footwear maker’s stock worth $1,432,000 after acquiring an additional 1,542 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in shares of NIKE by 9.5% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 358,997 shares of the footwear maker’s stock worth $27,165,000 after purchasing an additional 31,111 shares during the last quarter. Atomi Financial Group Inc. increased its holdings in NIKE by 74.0% in the fourth quarter. Atomi Financial Group Inc. now owns 19,565 shares of the footwear maker’s stock valued at $1,481,000 after purchasing an additional 8,322 shares during the period. LifePlan Financial LLC raised its position in NIKE by 35.6% during the 4th quarter. LifePlan Financial LLC now owns 10,073 shares of the footwear maker’s stock worth $762,000 after purchasing an additional 2,642 shares during the last quarter. Finally, Capricorn Fund Managers Ltd acquired a new position in NIKE during the 4th quarter worth about $5,384,000. 64.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on NKE shares. DA Davidson raised NIKE to a “strong-buy” rating in a research note on Monday, December 23rd. Evercore ISI reduced their price objective on shares of NIKE from $105.00 to $97.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Guggenheim lowered their target price on shares of NIKE from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, October 2nd. Telsey Advisory Group cut shares of NIKE from an “outperform” rating to a “market perform” rating and cut their price target for the company from $93.00 to $80.00 in a research report on Friday, December 20th. Finally, Wells Fargo & Company lowered their price objective on NIKE from $95.00 to $92.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Fourteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $89.96.

NIKE Trading Up 3.4 %

Shares of NIKE stock opened at $73.22 on Wednesday. The stock has a market capitalization of $108.30 billion, a P/E ratio of 22.60, a P/E/G ratio of 2.25 and a beta of 1.02. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The stock’s 50-day simple moving average is $75.66 and its 200 day simple moving average is $77.92. NIKE, Inc. has a 52-week low of $70.32 and a 52-week high of $107.43.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.15. The company had revenue of $12.35 billion during the quarter, compared to analysts’ expectations of $12.11 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.03 earnings per share. As a group, research analysts anticipate that NIKE, Inc. will post 2.1 EPS for the current year.

NIKE Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend was Monday, December 2nd. This is an increase from NIKE’s previous quarterly dividend of $0.37. NIKE’s dividend payout ratio (DPR) is 49.38%.

Insider Buying and Selling

In other NIKE news, Director John W. Rogers, Jr. purchased 2,500 shares of the company’s stock in a transaction dated Friday, December 27th. The stock was purchased at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the transaction, the director now owns 34,403 shares in the company, valued at $2,636,989.95. The trade was a 7.84 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is owned by company insiders.

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.