Investment Partners LTD. Sells 157 Shares of NIKE, Inc. (NYSE:NKE)

Investment Partners LTD. cut its stake in NIKE, Inc. (NYSE:NKE) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,666 shares of the footwear maker’s stock after selling 157 shares during the period. Investment Partners LTD.’s holdings in NIKE were worth $289,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NKE. Impact Partnership Wealth LLC boosted its holdings in NIKE by 220.7% in the third quarter. Impact Partnership Wealth LLC now owns 263 shares of the footwear maker’s stock valued at $25,000 after acquiring an additional 181 shares during the last quarter. Iron Horse Wealth Management LLC boosted its holdings in shares of NIKE by 120.7% during the 4th quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock worth $28,000 after buying an additional 140 shares in the last quarter. Planned Solutions Inc. bought a new position in shares of NIKE during the 4th quarter worth approximately $29,000. Raleigh Capital Management Inc. boosted its holdings in shares of NIKE by 134.2% during the 3rd quarter. Raleigh Capital Management Inc. now owns 377 shares of the footwear maker’s stock worth $36,000 after buying an additional 216 shares in the last quarter. Finally, Stephens Consulting LLC boosted its holdings in shares of NIKE by 160.0% during the 3rd quarter. Stephens Consulting LLC now owns 390 shares of the footwear maker’s stock worth $37,000 after buying an additional 240 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors.

NIKE Stock Performance

Shares of NKE stock traded up $0.18 on Friday, hitting $94.12. 6,115,744 shares of the stock were exchanged, compared to its average volume of 9,124,711. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $142.06 billion, a PE ratio of 27.68, a P/E/G ratio of 1.81 and a beta of 1.08. NIKE, Inc. has a one year low of $88.66 and a one year high of $128.68. The firm’s 50 day moving average is $96.96 and its two-hundred day moving average is $103.30.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.29. The company had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. Sell-side analysts expect that NIKE, Inc. will post 3.73 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.48 annualized dividend and a yield of 1.57%. NIKE’s dividend payout ratio is currently 43.53%.

Wall Street Analysts Forecast Growth

NKE has been the topic of a number of research analyst reports. Robert W. Baird cut their price target on NIKE from $140.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Oppenheimer cut NIKE from an “outperform” rating to a “market perform” rating and set a $110.00 target price on the stock. in a report on Friday, February 16th. Barclays cut their target price on NIKE from $142.00 to $114.00 and set an “overweight” rating on the stock in a report on Monday, March 25th. Evercore ISI cut their target price on NIKE from $127.00 to $117.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Finally, Stifel Nicolaus cut their target price on NIKE from $129.00 to $117.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $116.26.

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.