Skandinaviska Enskilda Banken AB publ Decreases Position in NIKE, Inc. (NYSE:NKE)

Skandinaviska Enskilda Banken AB publ lessened its holdings in NIKE, Inc. (NYSE:NKE) by 0.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 245,678 shares of the footwear maker’s stock after selling 329 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in NIKE were worth $18,340,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Range Financial Group LLC purchased a new position in NIKE in the 4th quarter valued at approximately $642,000. Cacti Asset Management LLC purchased a new stake in shares of NIKE during the 4th quarter worth $9,987,000. Capricorn Fund Managers Ltd purchased a new stake in shares of NIKE during the 4th quarter worth $5,384,000. Klein Pavlis & Peasley Financial Inc. lifted its position in shares of NIKE by 31.1% during the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 25,835 shares of the footwear maker’s stock worth $1,955,000 after purchasing an additional 6,124 shares during the last quarter. Finally, FNY Investment Advisers LLC lifted its position in shares of NIKE by 5,745.9% during the 4th quarter. FNY Investment Advisers LLC now owns 8,652 shares of the footwear maker’s stock worth $654,000 after purchasing an additional 8,504 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insiders Place Their Bets

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the transaction, the chairman now directly owns 896,632 shares in the company, valued at approximately $65,301,708.56. This represents a 15.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John W. Rogers, Jr. purchased 2,500 shares of NIKE stock in a transaction on Friday, December 27th. The stock was acquired at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the acquisition, the director now directly owns 34,403 shares of the company’s stock, valued at approximately $2,636,989.95. This represents a 7.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NKE has been the subject of several recent analyst reports. UBS Group reaffirmed a “neutral” rating and set a $73.00 price objective on shares of NIKE in a research report on Thursday, December 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $84.00 price objective on shares of NIKE in a research report on Friday, February 7th. Wells Fargo & Company reduced their price target on shares of NIKE from $95.00 to $92.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Morgan Stanley reduced their price target on shares of NIKE from $74.00 to $72.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, Stifel Nicolaus reduced their price target on shares of NIKE from $79.00 to $75.00 and set a “hold” rating for the company in a research report on Friday, December 20th. Fourteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $89.69.

NIKE Trading Down 1.3 %

Shares of NKE opened at $72.61 on Friday. 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 firm’s 50-day moving average is $74.71 and its two-hundred day moving average is $77.95. NIKE, Inc. has a twelve month low of $68.62 and a twelve month high of $102.49. The firm has a market capitalization of $107.40 billion, a P/E ratio of 22.41, a PEG ratio of 2.52 and a beta of 1.02.

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

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 annualized dividend and a yield of 2.20%. NIKE’s payout ratio is currently 49.38%.

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.