Clarity Financial LLC Has $297,000 Stake in NIKE, Inc. (NYSE:NKE)

Clarity Financial LLC cut its position in NIKE, Inc. (NYSE:NKE) by 9.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,928 shares of the footwear maker’s stock after selling 390 shares during the quarter. Clarity Financial LLC’s holdings in NIKE were worth $297,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SOL Capital Management CO boosted its position in shares of NIKE by 5.1% in the fourth quarter. SOL Capital Management CO now owns 6,071 shares of the footwear maker’s stock valued at $459,000 after acquiring an additional 295 shares during the period. Crews Bank & Trust bought a new stake in NIKE in the 4th quarter valued at about $623,000. Capital Investment Advisory Services LLC grew its position in shares of NIKE by 22.6% during the 4th quarter. Capital Investment Advisory Services LLC now owns 5,835 shares of the footwear maker’s stock worth $442,000 after purchasing an additional 1,077 shares in the last quarter. Busey Bank increased its holdings in shares of NIKE by 0.8% during the fourth quarter. Busey Bank now owns 216,054 shares of the footwear maker’s stock worth $16,349,000 after purchasing an additional 1,660 shares during the period. Finally, DMC Group LLC acquired a new stake in shares of NIKE in the fourth quarter valued at approximately $231,000. 64.25% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director John W. Rogers, Jr. acquired 2,500 shares of the business’s stock in a transaction dated Friday, December 27th. The shares were bought at an average price 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 trade represents a 7.84 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.

NIKE Stock Up 2.2 %

NIKE stock opened at $78.28 on Friday. The firm has a market cap of $115.79 billion, a price-to-earnings ratio of 24.16, a PEG ratio of 2.44 and a beta of 1.02. NIKE, Inc. has a 52-week low of $70.32 and a 52-week high of $107.43. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The firm has a 50 day moving average price of $75.55 and a two-hundred day moving average price of $77.95.

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

NIKE Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were given a dividend of $0.40 per share. This is a positive change from NIKE’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, December 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.04%. NIKE’s dividend payout ratio is presently 49.38%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. UBS Group reissued a “neutral” rating and set a $73.00 price target on shares of NIKE in a research report on Thursday, December 26th. JPMorgan Chase & Co. reduced their target price on NIKE from $77.00 to $73.00 and set a “neutral” rating on the stock in a report on Monday, December 2nd. Wells Fargo & Company cut their price objective on shares of NIKE from $95.00 to $92.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. Morgan Stanley reduced their price objective on shares of NIKE from $80.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Finally, Royal Bank of Canada cut their price target on shares of NIKE from $82.00 to $80.00 and set a “sector perform” rating for the company in a report on Thursday, November 7th. Fourteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, NIKE has an average rating of “Moderate Buy” and an average price target of $89.96.

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.