NIKE, Inc. (NYSE:NKE) Stock Position Trimmed by Boston Trust Walden Corp

Boston Trust Walden Corp decreased its position in NIKE, Inc. (NYSE:NKE) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 554,516 shares of the footwear maker’s stock after selling 32,802 shares during the period. Boston Trust Walden Corp’s holdings in NIKE were worth $41,960,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Leisure Capital Management increased its position in NIKE by 99.1% in the 4th quarter. Leisure Capital Management now owns 21,261 shares of the footwear maker’s stock valued at $1,609,000 after acquiring an additional 10,585 shares during the period. JB Capital LLC grew its stake in shares of NIKE by 6.3% in the fourth quarter. JB Capital LLC now owns 36,667 shares of the footwear maker’s stock worth $2,775,000 after purchasing an additional 2,180 shares in the last quarter. Chicago Capital LLC increased its holdings in shares of NIKE by 12.7% during the fourth quarter. Chicago Capital LLC now owns 8,869 shares of the footwear maker’s stock valued at $671,000 after purchasing an additional 1,000 shares during the period. FSM Wealth Advisors LLC raised its stake in shares of NIKE by 7.0% during the fourth quarter. FSM Wealth Advisors LLC now owns 5,290 shares of the footwear maker’s stock valued at $376,000 after purchasing an additional 345 shares in the last quarter. Finally, Horst & Graben Wealth Management LLC lifted its holdings in NIKE by 3.2% in the fourth quarter. Horst & Graben Wealth Management LLC now owns 45,762 shares of the footwear maker’s stock worth $3,463,000 after purchasing an additional 1,411 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analyst Ratings Changes

NKE has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of NIKE from $92.00 to $82.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. Robert W. Baird lowered their price objective on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Monday, December 23rd. DA Davidson upgraded NIKE to a “strong-buy” rating in a research report on Monday, December 23rd. TD Cowen lowered their price target on NIKE from $78.00 to $73.00 and set a “hold” rating on the stock in a research report on Monday, November 18th. Finally, UBS Group restated a “neutral” rating and issued a $73.00 price objective on shares of NIKE in a report on Thursday, December 26th. Fourteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $89.77.

Insider Transactions at NIKE

In other news, Director John W. Rogers, Jr. bought 2,500 shares of the stock in a transaction on Friday, December 27th. The shares were purchased at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the purchase, the director now directly owns 34,403 shares of the company’s stock, valued at $2,636,989.95. This trade represents a 7.84 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by company insiders.

NIKE Stock Down 0.4 %

Shares of NIKE stock opened at $76.61 on Tuesday. NIKE, Inc. has a 1 year low of $70.32 and a 1 year high of $107.43. The company has a market cap of $113.32 billion, a P/E ratio of 23.65, a P/E/G ratio of 2.50 and a beta of 1.01. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The stock has a 50-day moving average price of $75.60 and a 200 day moving average price of $78.06.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The business had revenue of $12.35 billion during the quarter, compared to analyst estimates of $12.11 billion. During the same period in the prior year, the firm earned $1.03 earnings per share. The firm’s revenue was down 7.7% compared to the same quarter last year. As a group, analysts expect that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were issued a dividend of $0.40 per share. This is a boost from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Monday, December 2nd. NIKE’s payout ratio is currently 49.38%.

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.