Callan Capital LLC Sells 404 Shares of NIKE, Inc. (NYSE:NKE)

Callan Capital LLC lessened its position in NIKE, Inc. (NYSE:NKE) by 10.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,462 shares of the footwear maker’s stock after selling 404 shares during the period. Callan Capital LLC’s holdings in NIKE were worth $262,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of NKE. Heck Capital Advisors LLC bought a new stake in NIKE in the fourth quarter valued at approximately $28,000. Caitlin John LLC increased its stake in NIKE by 117.0% in the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. Teachers Insurance & Annuity Association of America bought a new stake in NIKE in the third quarter valued at approximately $30,000. Roxbury Financial LLC bought a new stake in NIKE in the fourth quarter valued at approximately $30,000. Finally, Bank of Jackson Hole Trust bought a new stake in NIKE in the fourth quarter valued at approximately $43,000. Institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Mark G. Parker sold 169,732 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the transaction, the chairman now directly owns 896,632 shares of the company’s stock, valued at approximately $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John W. Rogers, Jr. purchased 2,500 shares of the stock in a transaction that occurred 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 owns 34,403 shares of the company’s stock, valued at $2,636,989.95. This trade represents a 7.84 % increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $84.00 price objective on shares of NIKE in a research report on Friday, February 7th. Telsey Advisory Group reissued a “market perform” rating and set a $80.00 price objective on shares of NIKE in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of NIKE from $92.00 to $82.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Citigroup downgraded shares of NIKE from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $102.00 to $72.00 in a research report on Friday, February 7th. Finally, BMO Capital Markets increased their price objective on shares of NIKE from $92.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Fifteen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $88.62.

NIKE Price Performance

Shares of NKE opened at $76.50 on Friday. The firm has a market capitalization of $113.15 billion, a PE ratio of 23.61, a PEG ratio of 2.52 and a beta of 1.01. The company’s 50-day moving average is $74.31 and its 200-day moving average is $78.13. NIKE, Inc. has a fifty-two week low of $68.62 and a fifty-two week high of $106.62. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51.

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, beating the consensus estimate of $0.63 by $0.15. The company had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company’s revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 earnings per share. Equities analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Monday, March 3rd. NIKE’s dividend payout ratio is 49.38%.

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.