Lindbrook Capital LLC Sells 990 Shares of NIKE, Inc. (NYSE:NKE)

Lindbrook Capital LLC lowered its position in NIKE, Inc. (NYSE:NKE) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,753 shares of the footwear maker’s stock after selling 990 shares during the period. Lindbrook Capital LLC’s holdings in NIKE were worth $1,116,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Heck Capital Advisors LLC bought a new position in shares of NIKE in the fourth quarter valued at approximately $28,000. Caitlin John LLC raised its stake in shares of 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 acquiring an additional 200 shares during the last quarter. Teachers Insurance & Annuity Association of America bought a new position in shares of NIKE in the third quarter valued at approximately $30,000. Roxbury Financial LLC bought a new position in shares of NIKE in the fourth quarter valued at approximately $30,000. Finally, BankPlus Trust Department bought a new position in NIKE in the 4th quarter worth approximately $34,000. Institutional investors own 64.25% of the company’s stock.

NIKE Price Performance

Shares of NKE stock opened at $77.76 on Thursday. The firm has a market capitalization of $115.01 billion, a price-to-earnings ratio of 24.00, a price-to-earnings-growth ratio of 2.52 and a beta of 1.01. NIKE, Inc. has a 12-month low of $68.62 and a 12-month high of $102.49. The firm has a fifty day moving average of $74.70 and a 200-day moving average of $78.25. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, beating the consensus estimate of $0.63 by $0.15. The business had revenue of $12.35 billion for the quarter, compared to analysts’ expectations of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm’s revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 EPS. On average, equities research analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be given a $0.40 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.60 annualized dividend and a yield of 2.06%. NIKE’s dividend payout ratio is currently 49.38%.

Insider Activity at NIKE

In other NIKE news, Director John W. Rogers, Jr. purchased 2,500 shares of the business’s stock in a transaction on Friday, December 27th. The shares were purchased at an average cost of $76.65 per share, with a total value of $191,625.00. Following the transaction, the director now directly owns 34,403 shares of the company’s stock, valued at $2,636,989.95. This represents a 7.84 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Mark G. Parker sold 169,732 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the sale, the chairman now directly owns 896,632 shares in the company, valued at $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NKE. DA Davidson upgraded shares of NIKE to a “strong-buy” rating in a research report on Monday, December 23rd. Evercore ISI dropped their price objective on shares of NIKE from $105.00 to $97.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Needham & Company LLC restated a “buy” rating and issued a $84.00 price objective on shares of NIKE in a research report on Friday, February 7th. Jefferies Financial Group upgraded shares of NIKE from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $75.00 to $115.00 in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of NIKE from $77.00 to $73.00 and set a “neutral” rating for the company in a research report on Monday, December 2nd. Fourteen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, NIKE currently has an average rating of “Moderate Buy” and an average target price of $89.77.

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.