Baker Ellis Asset Management LLC Lowers Stock Holdings in NIKE, Inc. (NYSE:NKE)

Baker Ellis Asset Management LLC lowered its holdings in NIKE, Inc. (NYSE:NKE) by 11.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,552 shares of the footwear maker’s stock after selling 1,697 shares during the period. Baker Ellis Asset Management LLC’s holdings in NIKE were worth $950,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in NKE. Evolution Wealth Advisors LLC boosted its holdings in NIKE by 57.0% in the fourth quarter. Evolution Wealth Advisors LLC now owns 4,132 shares of the footwear maker’s stock valued at $313,000 after acquiring an additional 1,500 shares during the last quarter. Daymark Wealth Partners LLC boosted its holdings in NIKE by 0.8% in the fourth quarter. Daymark Wealth Partners LLC now owns 110,855 shares of the footwear maker’s stock valued at $8,388,000 after acquiring an additional 929 shares during the last quarter. XML Financial LLC boosted its holdings in NIKE by 11.5% in the fourth quarter. XML Financial LLC now owns 2,991 shares of the footwear maker’s stock valued at $226,000 after acquiring an additional 309 shares during the last quarter. Sheets Smith Wealth Management boosted its holdings in NIKE by 2.1% in the fourth quarter. Sheets Smith Wealth Management now owns 79,554 shares of the footwear maker’s stock valued at $6,020,000 after acquiring an additional 1,628 shares during the last quarter. Finally, MCF Advisors LLC boosted its holdings in NIKE by 34.0% in the fourth quarter. MCF Advisors LLC now owns 10,384 shares of the footwear maker’s stock valued at $787,000 after acquiring an additional 2,634 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling

In other NIKE news, Director John W. Rogers, Jr. acquired 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The stock was acquired at an average cost of $76.65 per share, with a total value of $191,625.00. Following the acquisition, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on NKE shares. Wells Fargo & Company reduced their target price on NIKE from $95.00 to $92.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Jefferies Financial Group boosted their price objective on NIKE from $80.00 to $85.00 and gave the stock a “hold” rating in a research note on Monday, September 30th. Robert W. Baird reduced their price objective on NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Monday, December 23rd. Telsey Advisory Group cut NIKE from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $93.00 to $80.00 in a research note on Friday, December 20th. Finally, Bank of America reduced their price objective on NIKE from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Fourteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.96.

NIKE Stock Up 1.2 %

NYSE:NKE opened at $74.07 on Thursday. The firm has a market capitalization of $109.56 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 2.33 and a beta of 1.02. The stock has a 50 day moving average of $75.59 and a 200-day moving average of $77.91. NIKE, Inc. has a 52 week low of $70.32 and a 52 week high of $107.43. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE) last posted its earnings results 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 company had revenue of $12.35 billion during the quarter, compared to analyst estimates of $12.11 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business’s revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 earnings per share. Analysts predict that NIKE, Inc. will post 2.1 EPS for the current year.

NIKE Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.16%. This is a positive change from NIKE’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Monday, December 2nd. NIKE’s dividend payout ratio is 49.38%.

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.