Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $19.16 Million Stock Holdings in NIKE, Inc. (NYSE:NKE)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in shares of NIKE, Inc. (NYSE:NKE) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 253,157 shares of the footwear maker’s stock after selling 8,390 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in NIKE were worth $19,156,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Range Financial Group LLC purchased a new stake in shares of NIKE in the fourth quarter worth approximately $642,000. Cacti Asset Management LLC acquired a new position in NIKE in the 4th quarter valued at approximately $9,987,000. Capricorn Fund Managers Ltd acquired a new stake in shares of NIKE during the 4th quarter valued at $5,384,000. Klein Pavlis & Peasley Financial Inc. boosted its stake in shares of NIKE by 31.1% during the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 25,835 shares of the footwear maker’s stock valued at $1,955,000 after buying an additional 6,124 shares during the period. Finally, FNY Investment Advisers LLC increased its stake in shares of NIKE by 5,745.9% in the fourth quarter. FNY Investment Advisers LLC now owns 8,652 shares of the footwear maker’s stock worth $654,000 after acquiring an additional 8,504 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NKE. Dbs Bank raised NIKE from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Guggenheim reissued a “buy” rating and issued a $110.00 price target on shares of NIKE in a research note on Wednesday, February 12th. DA Davidson raised shares of NIKE to a “strong-buy” rating in a research report on Monday, December 23rd. Needham & Company LLC decreased their target price on shares of NIKE from $84.00 to $80.00 and set a “buy” rating for the company in a research report on Monday. Finally, BMO Capital Markets increased their price target on shares of NIKE from $92.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Fifteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, NIKE presently has an average rating of “Moderate Buy” and a consensus target price of $89.54.

Insider Buying and Selling

In related news, Director John W. Rogers, Jr. purchased 2,500 shares of the stock in a transaction on Friday, December 27th. The shares were purchased 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 directly owns 34,403 shares of the company’s stock, valued at approximately $2,636,989.95. The trade was a 7.84 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of NIKE stock in a transaction on Friday, February 14th. The shares were sold at an average price of $72.83, for a total value 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. The trade was a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

NIKE Trading Down 1.9 %

NIKE stock opened at $71.61 on Friday. NIKE, Inc. has a 12 month low of $67.97 and a 12 month high of $101.92. The stock has a market cap of $105.92 billion, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. The business has a 50 day moving average price of $74.77 and a two-hundred day moving average price of $77.56. 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 issued its earnings results on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.28 by $0.26. The firm had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. NIKE’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period last year, the business earned $0.98 earnings per share. As a group, equities analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.23%. NIKE’s payout ratio is currently 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.