EntryPoint Capital LLC Has $245,000 Position in NIKE, Inc. (NYSE:NKE)

EntryPoint Capital LLC trimmed its position in NIKE, Inc. (NYSE:NKE) by 23.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,243 shares of the footwear maker’s stock after selling 993 shares during the quarter. EntryPoint Capital LLC’s holdings in NIKE were worth $245,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Caitlin John LLC grew its stake in shares of NIKE by 117.0% in the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in shares of NIKE during the 4th quarter worth approximately $28,000. Roxbury Financial LLC acquired a new stake in shares of NIKE in the fourth quarter valued at approximately $30,000. LFA Lugano Financial Advisors SA boosted its stake in shares of NIKE by 110.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock valued at $30,000 after buying an additional 210 shares during the period. Finally, Hopwood Financial Services Inc. acquired a new stake in NIKE during the fourth quarter worth approximately $30,000. Institutional investors own 64.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Guggenheim reaffirmed a “buy” rating and issued a $110.00 price objective on shares of NIKE in a report on Wednesday, February 12th. Jefferies Financial Group raised NIKE from a “hold” rating to a “buy” rating and boosted their price target for the company from $75.00 to $115.00 in a research note on Monday, February 24th. Dbs Bank upgraded shares of NIKE from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. UBS Group dropped their target price on shares of NIKE from $73.00 to $66.00 and set a “neutral” rating for the company in a research report on Friday, March 21st. Finally, Cfra Research raised shares of NIKE to a “moderate buy” rating in a report on Friday, March 21st. Fifteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, NIKE has an average rating of “Moderate Buy” and an average price target of $87.38.

NIKE Price Performance

NKE stock opened at $63.32 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. NIKE, Inc. has a 52-week low of $63.14 and a 52-week high of $98.04. The company has a market capitalization of $93.65 billion, a P/E ratio of 19.54, a PEG ratio of 2.52 and a beta of 1.02. The company has a fifty day moving average price of $74.16 and a 200-day moving average price of $76.94.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.28 by $0.26. The firm had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 EPS. As a group, equities analysts expect that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE’s payout ratio is presently 53.16%.

Insider Buying and Selling at NIKE

In other news, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction on 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 completion of the sale, the chairman now directly owns 896,632 shares in the company, valued at $65,301,708.56. This represents a 15.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.10% of the company’s stock.

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.