NIKE, Inc. (NYSE:NKE) Shares Sold by Dover Advisors LLC

Dover Advisors LLC cut its stake in shares of NIKE, Inc. (NYSE:NKE) by 20.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,645 shares of the footwear maker’s stock after selling 4,750 shares during the quarter. NIKE makes up approximately 2.7% of Dover Advisors LLC’s portfolio, making the stock its 6th biggest position. Dover Advisors LLC’s holdings in NIKE were worth $2,031,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NKE. Excalibur Management Corp boosted its holdings in NIKE by 1.9% in the third quarter. Excalibur Management Corp now owns 5,148 shares of the footwear maker’s stock valued at $492,000 after acquiring an additional 98 shares in the last quarter. Baxter Bros Inc. boosted its stake in shares of NIKE by 2.0% during the 3rd quarter. Baxter Bros Inc. now owns 5,045 shares of the footwear maker’s stock valued at $482,000 after purchasing an additional 100 shares in the last quarter. First Pacific Financial increased its position in shares of NIKE by 1.3% during the third quarter. First Pacific Financial now owns 8,098 shares of the footwear maker’s stock valued at $774,000 after buying an additional 100 shares during the period. Jeppson Wealth Management LLC raised its stake in NIKE by 4.5% in the third quarter. Jeppson Wealth Management LLC now owns 2,315 shares of the footwear maker’s stock worth $221,000 after buying an additional 100 shares in the last quarter. Finally, Cairn Investment Group Inc. raised its stake in NIKE by 4.2% in the third quarter. Cairn Investment Group Inc. now owns 2,500 shares of the footwear maker’s stock worth $239,000 after buying an additional 100 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NKE shares. Bank of America raised NIKE from a “neutral” rating to a “buy” rating and upped their price target for the stock from $110.00 to $113.00 in a research note on Thursday, April 11th. Sanford C. Bernstein dropped their price objective on shares of NIKE from $134.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Oppenheimer downgraded NIKE from an “outperform” rating to a “market perform” rating and set a $110.00 price target on the stock. in a research note on Friday, February 16th. Royal Bank of Canada reiterated a “sector perform” rating and set a $100.00 price objective (down previously from $110.00) on shares of NIKE in a research note on Friday, March 22nd. Finally, Morgan Stanley cut their target price on NIKE from $124.00 to $116.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 27th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, NIKE presently has an average rating of “Moderate Buy” and a consensus price target of $116.26.

NIKE Stock Performance

NYSE NKE traded up $0.18 on Friday, hitting $94.12. 6,115,744 shares of the company traded hands, compared to its average volume of 9,124,711. The business’s 50 day moving average price is $96.96 and its 200-day moving average price is $103.37. NIKE, Inc. has a 52-week low of $88.66 and a 52-week high of $128.68. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $142.06 billion, a price-to-earnings ratio of 27.68, a P/E/G ratio of 1.82 and a beta of 1.08.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.29. The firm had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. Equities analysts expect that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.57%. NIKE’s dividend payout ratio (DPR) is presently 43.53%.

NIKE 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.