Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 8,390 Shares of NIKE, Inc. (NYSE:NKE)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in shares of NIKE, Inc. (NYSE:NKE) by 3.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 253,157 shares of the footwear maker’s stock after selling 8,390 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in NIKE were worth $19,156,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Berkeley Capital Partners LLC lifted its position in shares of NIKE by 6.1% during the fourth quarter. Berkeley Capital Partners LLC now owns 16,372 shares of the footwear maker’s stock worth $1,239,000 after purchasing an additional 936 shares in the last quarter. Magnetar Financial LLC bought a new position in NIKE in the 4th quarter worth approximately $563,000. Teacher Retirement System of Texas lifted its holdings in NIKE by 28.2% during the 4th quarter. Teacher Retirement System of Texas now owns 642,336 shares of the footwear maker’s stock worth $48,606,000 after buying an additional 141,262 shares in the last quarter. Generali Investments Management Co LLC bought a new position in NIKE in the 4th quarter valued at $2,203,000. Finally, Koss Olinger Consulting LLC increased its stake in shares of NIKE by 65.4% in the 4th quarter. Koss Olinger Consulting LLC now owns 41,926 shares of the footwear maker’s stock valued at $3,173,000 after buying an additional 16,583 shares during the period. Institutional investors own 64.25% of the company’s stock.

NIKE Stock Down 1.9 %

Shares of NYSE:NKE opened at $71.61 on Friday. The business’s 50-day moving average is $74.77 and its 200-day moving average is $77.56. NIKE, Inc. has a 1 year low of $67.97 and a 1 year high of $101.92. The company has a market capitalization of $105.92 billion, a price-to-earnings ratio of 22.10, a P/E/G ratio of 2.52 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 posted its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.26. The firm had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.98 EPS. Equities research analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE’s dividend payout ratio (DPR) is currently 49.38%.

Insider Activity

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

Analyst Upgrades and Downgrades

NKE has been the topic of several recent research reports. Barclays decreased their price target on NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Morgan Stanley lowered 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, March 13th. China Renaissance initiated coverage on shares of NIKE in a report on Wednesday. They issued a “hold” rating on the stock. Jefferies Financial Group raised shares of NIKE from a “hold” rating to a “buy” rating and lifted their target price for the stock from $75.00 to $115.00 in a report on Monday, February 24th. Finally, DA Davidson raised NIKE to a “strong-buy” rating in a research note on Monday, December 23rd. Fifteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $89.54.

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.