Nuance Investments LLC Sells 95,771 Shares of NIKE, Inc. $NKE

Nuance Investments LLC decreased its holdings in shares of NIKE, Inc. (NYSE:NKE) by 55.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,082 shares of the footwear maker’s stock after selling 95,771 shares during the quarter. Nuance Investments LLC’s holdings in NIKE were worth $5,445,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Twin Peaks Wealth Advisors LLC purchased a new position in NIKE in the second quarter worth about $31,000. Guerra Advisors Inc bought a new stake in shares of NIKE in the 3rd quarter valued at approximately $34,000. NewSquare Capital LLC lifted its stake in shares of NIKE by 54.4% in the 2nd quarter. NewSquare Capital LLC now owns 732 shares of the footwear maker’s stock valued at $52,000 after purchasing an additional 258 shares during the last quarter. Field & Main Bank boosted its holdings in shares of NIKE by 36.4% in the 2nd quarter. Field & Main Bank now owns 750 shares of the footwear maker’s stock worth $53,000 after purchasing an additional 200 shares during the period. Finally, Financial Consulate Inc. bought a new position in shares of NIKE during the 3rd quarter valued at approximately $57,000. Institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling at NIKE

In other NIKE news, Director Timothy D. Cook acquired 50,000 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were purchased at an average cost of $58.97 per share, for a total transaction of $2,948,500.00. Following the completion of the purchase, the director owned 105,480 shares in the company, valued at approximately $6,220,155.60. This trade represents a 90.12% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Elliott Hill acquired 16,388 shares of the business’s stock in a transaction that occurred on Monday, December 29th. The shares were acquired at an average cost of $61.10 per share, for a total transaction of $1,001,306.80. Following the completion of the acquisition, the chief executive officer owned 241,587 shares of the company’s stock, valued at $14,760,965.70. This trade represents a 7.28% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 75,079 shares of company stock valued at $4,449,887 in the last ninety days. 0.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Needham & Company LLC downgraded NIKE from a “buy” rating to a “hold” rating in a research report on Thursday, January 8th. Guggenheim reissued a “buy” rating on shares of NIKE in a research note on Wednesday, December 31st. Daiwa Securities Group dropped their price target on shares of NIKE from $75.00 to $61.00 in a research note on Tuesday, December 23rd. Barclays reiterated a “neutral” rating on shares of NIKE in a report on Thursday, January 15th. Finally, Sanford C. Bernstein reissued a “buy” rating and issued a $85.00 price objective on shares of NIKE in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $74.61.

NIKE Stock Performance

NIKE stock opened at $63.91 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.06. The company has a market capitalization of $94.61 billion, a PE ratio of 37.59, a P/E/G ratio of 3.27 and a beta of 1.27. The company has a 50 day moving average price of $63.85 and a 200-day moving average price of $68.24. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $82.44.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, December 18th. The footwear maker reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.16. The company had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $12.19 billion. NIKE had a return on equity of 18.43% and a net margin of 5.43%.NIKE’s revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.78 earnings per share. As a group, equities analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 1st were issued a $0.41 dividend. The ex-dividend date was Monday, December 1st. This is an increase from NIKE’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 2.6%. NIKE’s dividend payout ratio is presently 96.47%.

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).