EverSource Wealth Advisors LLC Has $828,000 Stock Position in NIKE, Inc. (NYSE:NKE)

EverSource Wealth Advisors LLC decreased its stake in shares of NIKE, Inc. (NYSE:NKE) by 13.4% during the 4th quarter, Holdings Channel reports. The firm owned 10,938 shares of the footwear maker’s stock after selling 1,693 shares during the period. EverSource Wealth Advisors LLC’s holdings in NIKE were worth $828,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Range Financial Group LLC acquired a new position in shares of NIKE during the 4th quarter worth approximately $642,000. Cacti Asset Management LLC bought a new position in shares of NIKE during the 4th quarter worth approximately $9,987,000. Capricorn Fund Managers Ltd bought a new position in shares of NIKE during the 4th quarter worth approximately $5,384,000. Klein Pavlis & Peasley Financial Inc. boosted its stake 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 acquiring an additional 6,124 shares during the period. Finally, FNY Investment Advisers LLC boosted its stake 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 acquiring an additional 8,504 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Stock Down 1.3 %

Shares of NYSE:NKE opened at $72.61 on Friday. The firm has a market cap of $107.40 billion, a P/E ratio of 22.41, a PEG ratio of 2.52 and a beta of 1.02. NIKE, Inc. has a 52-week low of $68.62 and a 52-week high of $102.49. The business’s 50 day simple moving average is $74.71 and its two-hundred day simple moving average is $77.95. 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 (NYSE:NKE) last issued its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, topping the consensus estimate of $0.63 by $0.15. The firm had revenue of $12.35 billion during the quarter, compared to the consensus estimate of $12.11 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.03 earnings per share. As a group, research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

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

Insider Activity at NIKE

In other NIKE news, Director John W. Rogers, Jr. purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The stock was bought at an average cost of $76.65 per share, with a total value of $191,625.00. Following the completion of the transaction, the director now owns 34,403 shares of the company’s stock, valued at $2,636,989.95. The trade was a 7.84 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $72.83, for a total value of $12,361,581.56. Following 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 ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. JPMorgan Chase & Co. reduced their target price on NIKE from $77.00 to $73.00 and set a “neutral” rating for the company in a research note on Monday, December 2nd. Barclays reduced their price target on NIKE from $79.00 to $70.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. Telsey Advisory Group restated a “market perform” rating and issued a $80.00 price target on shares of NIKE in a research note on Wednesday, February 19th. DA Davidson upgraded NIKE to a “strong-buy” rating in a research note on Monday, December 23rd. Finally, UBS Group reiterated a “neutral” rating and set a $73.00 target price on shares of NIKE in a research report on Thursday, December 26th. Fourteen investment 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 company. According to data from MarketBeat, NIKE presently has an average rating of “Moderate Buy” and an average target price of $89.69.

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.