Osborne Partners Capital Management LLC Decreases Stock Holdings in NIKE, Inc. (NYSE:NKE)

Osborne Partners Capital Management LLC lowered its stake in NIKE, Inc. (NYSE:NKE) by 31.2% during the 4th quarter, HoldingsChannel reports. The firm owned 73,562 shares of the footwear maker’s stock after selling 33,391 shares during the period. Osborne Partners Capital Management LLC’s holdings in NIKE were worth $5,566,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Heck Capital Advisors LLC bought a new stake in shares of NIKE in the fourth quarter worth $28,000. Teachers Insurance & Annuity Association of America purchased a new position in NIKE in the third quarter worth about $30,000. VitalStone Financial LLC grew its stake in shares of NIKE by 52.6% during the 3rd quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock valued at $38,000 after purchasing an additional 150 shares during the period. Dunhill Financial LLC increased its position in shares of 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 purchasing an additional 169 shares during the last quarter. Finally, Riverview Trust Co bought a new position in shares of NIKE in the 3rd quarter worth approximately $52,000. Institutional investors own 64.25% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on NKE shares. UBS Group restated a “neutral” rating and set a $73.00 target price on shares of NIKE in a research report on Thursday, December 26th. Bank of America cut their price objective on shares of NIKE from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, December 20th. DA Davidson upgraded NIKE to a “strong-buy” rating in a research note on Monday, December 23rd. Royal Bank of Canada lowered their target price on NIKE from $82.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. reduced their price target on NIKE from $77.00 to $73.00 and set a “neutral” rating for the company in a research report on Monday, December 2nd. Fourteen 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, NIKE has a consensus rating of “Moderate Buy” and an average target price of $89.96.

NIKE Trading Down 1.9 %

Shares of NIKE stock opened at $76.82 on Friday. NIKE, Inc. has a twelve month low of $70.32 and a twelve month high of $107.43. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The business has a 50-day moving average price of $75.60 and a 200-day moving average price of $77.99. The firm has a market cap of $113.62 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 2.44 and a beta of 1.02.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.15. The business had revenue of $12.35 billion during the quarter, compared to analysts’ expectations of $12.11 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 EPS. Equities research analysts anticipate that NIKE, Inc. will post 2.09 EPS for the current fiscal year.

NIKE Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were paid a dividend of $0.40 per share. This is an increase from NIKE’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, December 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.08%. NIKE’s dividend payout ratio is presently 49.38%.

Insider Activity at NIKE

In related news, Director John W. Rogers, Jr. acquired 2,500 shares of the firm’s stock in a transaction on Friday, December 27th. The shares were acquired at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the transaction, the director now directly owns 34,403 shares in the company, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by insiders.

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.