Jackson Square Partners LLC Has $6.90 Million Stock Holdings in NIKE, Inc. (NYSE:NKE)

Jackson Square Partners LLC reduced its stake in NIKE, Inc. (NYSE:NKEFree Report) by 10.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 63,553 shares of the footwear maker’s stock after selling 7,481 shares during the period. Jackson Square Partners LLC’s holdings in NIKE were worth $6,900,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. WT Wealth Management bought a new stake in shares of NIKE during the 4th quarter valued at about $1,141,000. New Century Financial Group LLC acquired a new stake in shares of NIKE in the 4th quarter valued at about $328,000. Matisse Capital raised its stake in NIKE by 24.9% during the 4th quarter. Matisse Capital now owns 9,566 shares of the footwear maker’s stock worth $1,039,000 after buying an additional 1,906 shares during the period. Bey Douglas LLC bought a new stake in shares of NIKE during the fourth quarter valued at approximately $1,988,000. Finally, First National Advisers LLC grew its position in NIKE by 86.1% in the 4th quarter. First National Advisers LLC now owns 20,595 shares of the footwear maker’s stock valued at $2,236,000 after purchasing an additional 9,531 shares during the period. 64.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Telsey Advisory Group cut their price target on NIKE from $140.00 to $120.00 and set an “outperform” rating for the company in a research note on Monday, March 18th. Evercore ISI dropped their price target on NIKE from $127.00 to $117.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Williams Trading reaffirmed a “sell” rating and issued a $85.00 price objective (down from $92.00) on shares of NIKE in a report on Monday, March 18th. Oppenheimer cut NIKE from an “outperform” rating to a “market perform” rating and set a $110.00 price target for the company. in a research report on Friday, February 16th. Finally, Piper Sandler lowered their price target on shares of NIKE from $107.00 to $98.00 and set a “neutral” rating on the stock in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, NIKE presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.26.

Read Our Latest Analysis on NKE

Insider Activity

In other NIKE news, EVP Monique S. Matheson sold 45,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $94.16, for a total value of $4,237,200.00. Following the completion of the sale, the executive vice president now owns 44,997 shares of the company’s stock, valued at $4,236,917.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other NIKE news, EVP Monique S. Matheson sold 45,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $94.16, for a total value of $4,237,200.00. Following the sale, the executive vice president now owns 44,997 shares in the company, valued at $4,236,917.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Johanna Nielsen sold 282 shares of NIKE stock in a transaction on 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 owns 730 shares of the company’s stock, valued at $68,357.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 213,660 shares of company stock valued at $19,946,333. 0.50% of the stock is currently owned by company insiders.

NIKE Price Performance

Shares of NIKE stock traded up $0.41 during trading hours on Friday, reaching $92.18. The company’s stock had a trading volume of 12,019,568 shares, compared to its average volume of 7,993,296. The firm has a 50 day moving average price of $94.00 and a 200-day moving average price of $102.37. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89. The stock has a market cap of $139.13 billion, a P/E ratio of 27.11, a P/E/G ratio of 1.77 and a beta of 1.07. NIKE, Inc. has a one year low of $88.66 and a one year high of $123.39.

NIKE (NYSE:NKEGet Free Report) last issued its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.29. The company had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. On average, analysts predict that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Monday, June 3rd. NIKE’s dividend payout ratio (DPR) is 43.53%.

NIKE Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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