Chatham Capital Group Inc. Sells 1,099 Shares of NIKE, Inc. (NYSE:NKE)

Chatham Capital Group Inc. lowered its position in shares of NIKE, Inc. (NYSE:NKE) by 3.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,065 shares of the footwear maker’s stock after selling 1,099 shares during the quarter. Chatham Capital Group Inc.’s holdings in NIKE were worth $3,013,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Annapolis Financial Services LLC boosted its stake in NIKE by 440.0% in the first quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker’s stock valued at $25,000 after acquiring an additional 220 shares during the last quarter. Iron Horse Wealth Management LLC lifted its stake in NIKE by 120.7% in the fourth quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock valued at $28,000 after purchasing an additional 140 shares during the last quarter. Planned Solutions Inc. bought a new position in NIKE during the fourth quarter valued at $29,000. True Wealth Design LLC increased its position in NIKE by 106.4% in the fourth quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock worth $32,000 after buying an additional 150 shares during the last quarter. Finally, Frank Rimerman Advisors LLC bought a new stake in shares of NIKE in the fourth quarter valued at $33,000. Institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling at NIKE

In related news, VP Johanna Nielsen sold 282 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $93.64, for a total value of $26,406.48. Following the sale, the vice president now directly owns 730 shares of the company’s stock, valued at $68,357.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Johanna Nielsen sold 282 shares of NIKE stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $93.64, for a total value of $26,406.48. Following the sale, the vice president now owns 730 shares in the company, valued at $68,357.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Mark G. Parker sold 168,378 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $93.14, for a total transaction of $15,682,726.92. Following the completion of the transaction, the chairman now owns 1,102,090 shares of the company’s stock, valued at $102,648,662.60. The disclosure for this sale can be found here. Insiders sold 213,660 shares of company stock valued at $19,946,333 in the last quarter. Company insiders own 0.50% of the company’s stock.

NIKE Trading Down 20.0 %

Shares of NYSE:NKE traded down $18.82 on Friday, reaching $75.37. 129,966,982 shares of the company traded hands, compared to its average volume of 9,446,953. The stock has a market capitalization of $113.76 billion, a P/E ratio of 20.21, a price-to-earnings-growth ratio of 1.43 and a beta of 1.05. The business’s 50-day simple moving average is $93.28 and its 200 day simple moving average is $98.85. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. NIKE, Inc. has a 52 week low of $74.55 and a 52 week high of $123.39.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Thursday, June 27th. The footwear maker reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.16. NIKE had a return on equity of 42.87% and a net margin of 11.10%. The business had revenue of $12.60 billion for the quarter, compared to analyst estimates of $12.86 billion. During the same period last year, the company earned $0.66 EPS. NIKE’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, equities analysts anticipate that NIKE, Inc. will post 3.9 EPS for the current fiscal year.

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be issued a dividend of $0.37 per share. The ex-dividend date is Monday, June 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.96%. NIKE’s dividend payout ratio is currently 39.68%.

Analyst Upgrades and Downgrades

NKE has been the subject of several research reports. Guggenheim cut their price target on NIKE from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday. Raymond James reiterated a “market perform” rating on shares of NIKE in a research note on Friday. Wells Fargo & Company lowered their price target on shares of NIKE from $115.00 to $92.00 and set an “overweight” rating on the stock in a research report on Friday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $79.00 price objective (down from $114.00) on shares of NIKE in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $115.00 target price on shares of NIKE in a report on Thursday, June 13th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, NIKE has an average rating of “Hold” and a consensus target price of $98.96.

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.