NIKE, Inc. (NYSE:NKE) Shares Sold by Ables Iannone Moore & Associates Inc.

Ables Iannone Moore & Associates Inc. lowered its position in shares of NIKE, Inc. (NYSE:NKE) by 6.0% in the 4th quarter, Holdings Channel reports. The fund owned 3,120 shares of the footwear maker’s stock after selling 200 shares during the period. Ables Iannone Moore & Associates Inc.’s holdings in NIKE were worth $236,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Teachers Insurance & Annuity Association of America bought a new position in NIKE in the 3rd quarter worth about $30,000. VitalStone Financial LLC grew its holdings in NIKE by 52.6% in the 3rd quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock worth $38,000 after buying an additional 150 shares in the last quarter. Dunhill Financial LLC raised its stake in NIKE by 52.2% during the 3rd quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker’s stock valued at $44,000 after acquiring an additional 169 shares in the last quarter. Riverview Trust Co acquired a new position in NIKE during the 3rd quarter worth $52,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of NIKE in the third quarter worth $54,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Transactions at NIKE

In related news, Director John W. Rogers, Jr. bought 2,500 shares of the business’s stock in a transaction that occurred 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 purchase, the director now directly owns 34,403 shares in the company, valued at $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of NIKE from $95.00 to $92.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Jefferies Financial Group increased their price objective on shares of NIKE from $80.00 to $85.00 and gave the company a “hold” rating in a report on Monday, September 30th. Royal Bank of Canada dropped their target price on NIKE from $82.00 to $80.00 and set a “sector perform” rating on the stock in a report on Thursday, November 7th. Telsey Advisory Group cut NIKE from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $93.00 to $80.00 in a research report on Friday, December 20th. Finally, DA Davidson raised NIKE to a “strong-buy” rating in a report on Monday, December 23rd. Fifteen investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.58.

NIKE Stock Performance

Shares of NKE stock traded down $1.26 during trading on Monday, reaching $72.05. The company had a trading volume of 14,815,882 shares, compared to its average volume of 11,144,249. The firm’s 50 day simple moving average is $76.91 and its two-hundred day simple moving average is $79.09. NIKE, Inc. has a one year low of $70.75 and a one year high of $107.43. 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 company has a market capitalization of $108.03 billion, a PE ratio of 20.64, a PEG ratio of 1.89 and a beta of 1.02.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.15. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The business had revenue of $12.35 billion during the quarter, compared to analysts’ expectations of $12.11 billion. During the same period in the previous year, the company earned $1.03 earnings per share. NIKE’s revenue for the quarter was down 7.7% on a year-over-year basis. Sell-side analysts forecast that NIKE, Inc. will post 2.72 earnings per share for the current year.

NIKE Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were given a $0.40 dividend. This is an increase from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Monday, December 2nd. NIKE’s dividend payout ratio (DPR) 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.