EntryPoint Capital LLC Has $245,000 Stock Position in NIKE, Inc. (NYSE:NKE)

EntryPoint Capital LLC reduced its stake in NIKE, Inc. (NYSE:NKE) by 23.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,243 shares of the footwear maker’s stock after selling 993 shares during the period. EntryPoint Capital LLC’s holdings in NIKE were worth $245,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. CoreFirst Bank & Trust acquired a new position in shares of NIKE during the 4th quarter worth about $509,000. Barnett & Company Inc. bought a new position in NIKE during the 4th quarter worth approximately $207,000. Hirtle Callaghan & Co LLC acquired a new position in NIKE during the fourth quarter valued at approximately $200,000. Interchange Capital Partners LLC increased its stake in NIKE by 9.3% in the fourth quarter. Interchange Capital Partners LLC now owns 3,656 shares of the footwear maker’s stock valued at $277,000 after purchasing an additional 310 shares in the last quarter. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in NIKE in the fourth quarter worth $84,000. 64.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NKE. Cfra Research raised shares of NIKE to a “moderate buy” rating in a report on Friday, March 21st. Deutsche Bank Aktiengesellschaft decreased their target price on NIKE from $92.00 to $82.00 and set a “buy” rating for the company in a research note on Monday, December 16th. UBS Group lowered their price target on NIKE from $73.00 to $66.00 and set a “neutral” rating for the company in a report on Friday, March 21st. Barclays cut their price objective on NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $80.00 target price on shares of NIKE in a research note on Monday, March 17th. Fifteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, NIKE has a consensus rating of “Moderate Buy” and an average price target of $87.38.

NIKE Stock Performance

Shares of NKE stock opened at $63.32 on Friday. The company has a fifty day moving average price of $74.16 and a two-hundred day moving average price of $76.94. NIKE, Inc. has a one year low of $63.14 and a one year high of $98.04. The stock has a market cap of $93.65 billion, a P/E ratio of 19.54, a P/E/G ratio of 2.52 and a beta of 1.02. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51.

NIKE (NYSE:NKE) last issued its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.26. The business had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. NIKE’s revenue was down 9.1% on a year-over-year basis. During the same period last year, the business posted $0.98 EPS. As a group, equities analysts predict that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

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 issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Monday, March 3rd. NIKE’s payout ratio is presently 53.16%.

Insider Buying and Selling

In other NIKE news, 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 transaction of $12,361,581.56. Following the completion of the transaction, the chairman now directly owns 896,632 shares of the company’s stock, valued at $65,301,708.56. The trade was a 15.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by 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.