Kesler Norman & Wride LLC Cuts Stake in NIKE, Inc. (NYSE:NKE)

Kesler Norman & Wride LLC lowered its holdings in shares of NIKE, Inc. (NYSE:NKE) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,528 shares of the footwear maker’s stock after selling 114 shares during the quarter. Kesler Norman & Wride LLC’s holdings in NIKE were worth $1,795,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Impact Partnership Wealth LLC grew its position in shares of NIKE by 220.7% during the third quarter. Impact Partnership Wealth LLC now owns 263 shares of the footwear maker’s stock worth $25,000 after purchasing an additional 181 shares in the last quarter. Financial Freedom LLC bought a new position in NIKE during the fourth quarter valued at approximately $29,000. Worth Asset Management LLC bought a new position in NIKE during the first quarter valued at approximately $32,000. Raleigh Capital Management Inc. boosted its stake in NIKE by 134.2% during the third quarter. Raleigh Capital Management Inc. now owns 377 shares of the footwear maker’s stock valued at $36,000 after buying an additional 216 shares during the last quarter. Finally, Gyon Technologies Capital Management LP bought a new position in NIKE during the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 63.42% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on NKE shares. TheStreet lowered NIKE from a “b” rating to a “c+” rating in a research note on Tuesday, January 9th. Stifel Nicolaus dropped their price target on NIKE from $135.00 to $129.00 and set a “buy” rating for the company in a research note on Friday, December 22nd. DZ Bank raised NIKE from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a research note on Tuesday, December 12th. JPMorgan Chase & Co. lowered their price objective on NIKE from $139.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday, December 22nd. Finally, Williams Trading reaffirmed a “sell” rating and issued a $85.00 price objective (down from $92.00) on shares of NIKE in a research note on Monday. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, NIKE presently has an average rating of “Moderate Buy” and an average target price of $122.07.

NIKE Stock Down 0.9 %

Shares of NKE traded down $0.90 during trading hours on Monday, hitting $98.74. The company had a trading volume of 7,199,357 shares, compared to its average volume of 8,573,766. The company has a market capitalization of $150.27 billion, a PE ratio of 28.87, a price-to-earnings-growth ratio of 1.86 and a beta of 1.10. The company has a current ratio of 2.74, a quick ratio of 1.85 and a debt-to-equity ratio of 0.63. NIKE, Inc. has a one year low of $88.66 and a one year high of $128.68. The company’s fifty day moving average price is $102.51 and its two-hundred day moving average price is $103.83.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, December 21st. The footwear maker reported $1.03 EPS for the quarter, topping the consensus estimate of $0.84 by $0.19. The firm had revenue of $13.40 billion during the quarter, compared to analyst estimates of $13.39 billion. NIKE had a return on equity of 37.41% and a net margin of 10.28%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. As a group, equities analysts forecast that NIKE, Inc. will post 3.57 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 4th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Friday, March 1st. NIKE’s dividend payout ratio is currently 43.27%.

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.