Sigma Planning Corp Has $1.19 Million Stake in NIKE, Inc. (NYSE:NKE)

Sigma Planning Corp cut its position in shares of NIKE, Inc. (NYSE:NKE) by 5.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,782 shares of the footwear maker’s stock after selling 950 shares during the quarter. Sigma Planning Corp’s holdings in NIKE were worth $1,194,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Redmond Asset Management LLC acquired a new stake in NIKE during the 4th quarter worth about $481,000. Deseret Mutual Benefit Administrators boosted its position in shares of NIKE by 8.6% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 3,590 shares of the footwear maker’s stock valued at $272,000 after purchasing an additional 283 shares in the last quarter. Kennon Green & Company LLC grew its stake in NIKE by 0.8% during the fourth quarter. Kennon Green & Company LLC now owns 24,323 shares of the footwear maker’s stock worth $1,841,000 after purchasing an additional 196 shares during the period. Peregrine Asset Advisers Inc. increased its holdings in NIKE by 2.4% in the fourth quarter. Peregrine Asset Advisers Inc. now owns 14,938 shares of the footwear maker’s stock worth $1,130,000 after purchasing an additional 348 shares in the last quarter. Finally, Blackston Financial Advisory Group LLC lifted its stake in NIKE by 11.7% in the fourth quarter. Blackston Financial Advisory Group LLC now owns 3,497 shares of the footwear maker’s stock valued at $265,000 after buying an additional 365 shares during the period. Institutional investors own 64.25% of the company’s stock.

NIKE Price Performance

Shares of NYSE NKE opened at $80.32 on Tuesday. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $118.80 billion, a PE ratio of 24.79, a PEG ratio of 2.52 and a beta of 1.01. The stock’s 50 day moving average price is $74.37 and its 200-day moving average price is $78.21. NIKE, Inc. has a twelve month low of $68.62 and a twelve month high of $106.10.

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

NIKE Announces Dividend

The business 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. The ex-dividend date is Monday, March 3rd. This represents a $1.60 annualized dividend and a yield of 1.99%. NIKE’s payout ratio is currently 49.38%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NKE. UBS Group reaffirmed a “neutral” rating and set a $73.00 price objective on shares of NIKE in a research report on Thursday, December 26th. Bank of America reduced their price target on shares of NIKE from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, December 20th. Telsey Advisory Group reiterated a “market perform” rating and set a $80.00 price objective on shares of NIKE in a report on Wednesday, February 19th. Needham & Company LLC restated a “buy” rating and issued a $84.00 target price on shares of NIKE in a research note on Friday, February 7th. Finally, Stifel Nicolaus decreased their target price on NIKE from $79.00 to $75.00 and set a “hold” rating for the company in a research report on Friday, December 20th. Fourteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $89.77.

Insider Buying and Selling

In other news, Director John W. Rogers, Jr. acquired 2,500 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The shares were acquired at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the purchase, the director now owns 34,403 shares in the company, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Mark G. Parker sold 169,732 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $72.83, for a total value of $12,361,581.56. Following the completion of the sale, the chairman now directly owns 896,632 shares of the company’s stock, valued at $65,301,708.56. This 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 corporate insiders.

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.