NIKE, Inc. (NYSE:NKE) Shares Sold by Peoples Financial Services CORP.

Peoples Financial Services CORP. lessened its holdings in shares of NIKE, Inc. (NYSE:NKE) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,417 shares of the footwear maker’s stock after selling 156 shares during the quarter. Peoples Financial Services CORP.’s holdings in NIKE were worth $864,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. J.W. Cole Advisors Inc. increased its holdings in NIKE by 5.1% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 11,171 shares of the footwear maker’s stock valued at $842,000 after purchasing an additional 543 shares in the last quarter. Angeles Investment Advisors LLC acquired a new position in NIKE in the second quarter worth about $319,000. Massachusetts Financial Services Co. MA grew its stake in NIKE by 0.9% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,025,616 shares of the footwear maker’s stock worth $454,151,000 after purchasing an additional 52,500 shares in the last quarter. One Capital Management LLC grew its stake in NIKE by 103.3% in the second quarter. One Capital Management LLC now owns 11,519 shares of the footwear maker’s stock worth $868,000 after purchasing an additional 5,854 shares in the last quarter. Finally, Citizens Financial Group Inc. RI grew its stake in NIKE by 31.1% in the second quarter. Citizens Financial Group Inc. RI now owns 95,466 shares of the footwear maker’s stock worth $7,205,000 after purchasing an additional 22,620 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Price Performance

NYSE NKE opened at $71.09 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.36 and a quick ratio of 1.58. The firm has a market capitalization of $105.15 billion, a PE ratio of 20.37, a P/E/G ratio of 1.89 and a beta of 1.02. NIKE, Inc. has a 12 month low of $70.53 and a 12 month high of $107.43. The company’s 50 day simple moving average is $76.05 and its 200 day simple moving average is $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 the consensus estimate of $0.63 by $0.15. The firm had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.11 billion. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.03 earnings per share. As a group, equities research analysts forecast that NIKE, Inc. will post 2.72 EPS for the current fiscal year.

NIKE Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were given a $0.40 dividend. This is a positive change from NIKE’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, December 2nd. This represents a $1.60 annualized dividend and a yield of 2.25%. NIKE’s payout ratio is 49.38%.

Analysts Set New Price Targets

NKE has been the subject of a number of research reports. Jefferies Financial Group lifted their price target on NIKE from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Monday, September 30th. JPMorgan Chase & Co. decreased their price target on NIKE from $77.00 to $73.00 and set a “neutral” rating for the company in a research note on Monday, December 2nd. Wells Fargo & Company cut their target price on shares of NIKE from $95.00 to $92.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Bank of America cut their target price on shares of NIKE from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Finally, TD Cowen cut their target price on shares of NIKE from $78.00 to $73.00 and set a “hold” rating on the stock in a report on Monday, November 18th. Fourteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.96.

Insiders Place Their Bets

In other NIKE news, Director John W. Rogers, Jr. acquired 2,500 shares of the firm’s stock in a transaction on Friday, December 27th. The stock was purchased at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following 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 Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company insiders.

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.