St. Johns Investment Management Company LLC Cuts Stake in NIKE, Inc. (NYSE:NKE)

St. Johns Investment Management Company LLC decreased its position in NIKE, Inc. (NYSE:NKE) by 24.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,426 shares of the footwear maker’s stock after selling 2,389 shares during the period. St. Johns Investment Management Company LLC’s holdings in NIKE were worth $562,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in NKE. Teachers Insurance & Annuity Association of America acquired a new position in NIKE during the 3rd quarter worth approximately $30,000. VitalStone Financial LLC boosted its stake in shares of NIKE by 52.6% in the third quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock valued at $38,000 after buying an additional 150 shares in the last quarter. Dunhill Financial LLC grew its holdings in NIKE by 52.2% during the third quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker’s stock worth $44,000 after acquiring an additional 169 shares during the period. Ecofi Investissements SA purchased a new position in NIKE in the second quarter worth $49,000. Finally, Riverview Trust Co acquired a new stake in NIKE in the third quarter valued at $52,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Trading Up 0.5 %

Shares of NKE stock opened at $74.44 on Friday. NIKE, Inc. has a 1-year low of $70.32 and a 1-year high of $107.43. The firm’s 50-day simple moving average is $75.54 and its 200-day simple moving average is $77.88. The firm has a market cap of $110.10 billion, a P/E ratio of 22.97, a PEG ratio of 2.36 and a beta of 1.02. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51.

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 analysts’ consensus estimates of $0.63 by $0.15. The company had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. NIKE’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter last year, the business earned $1.03 EPS. As a group, equities analysts forecast that NIKE, Inc. will post 2.1 EPS for the current year.

NIKE Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Monday, December 2nd. This is an increase from NIKE’s previous quarterly dividend of $0.37. NIKE’s payout ratio is 49.38%.

Insiders Place Their Bets

In other NIKE news, Director John W. Rogers, Jr. acquired 2,500 shares of the company’s stock in a transaction dated Friday, December 27th. The stock was bought at an average price of $76.65 per share, with a total value of $191,625.00. Following the completion of the transaction, the director now directly owns 34,403 shares of the company’s stock, valued at approximately $2,636,989.95. The trade was a 7.84 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price target on shares of NIKE from $95.00 to $92.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Needham & Company LLC restated a “buy” rating and set a $84.00 target price on shares of NIKE in a research report on Friday, December 20th. UBS Group reiterated a “neutral” rating and set a $73.00 price target on shares of NIKE in a research report on Thursday, December 26th. Robert W. Baird lowered their price target on NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a report on Monday, December 23rd. Finally, Barclays lowered their target price on NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Fourteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $89.96.

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.