Amica Mutual Insurance Co. Sells 23,624 Shares of NIKE, Inc. (NYSE:NKE)

Amica Mutual Insurance Co. trimmed its holdings in NIKE, Inc. (NYSE:NKE) by 23.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,451 shares of the footwear maker’s stock after selling 23,624 shares during the period. NIKE accounts for about 0.9% of Amica Mutual Insurance Co.’s portfolio, making the stock its 28th biggest holding. Amica Mutual Insurance Co.’s holdings in NIKE were worth $8,517,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Iron Horse Wealth Management LLC boosted its position in NIKE by 120.7% during the fourth quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 140 shares during the period. Planned Solutions Inc. bought a new position in NIKE in the 4th quarter valued at about $29,000. Raleigh Capital Management Inc. lifted its position in NIKE by 134.2% during the third quarter. Raleigh Capital Management Inc. now owns 377 shares of the footwear maker’s stock worth $36,000 after acquiring an additional 216 shares during the last quarter. Stephens Consulting LLC grew its position in shares of NIKE by 160.0% in the third quarter. Stephens Consulting LLC now owns 390 shares of the footwear maker’s stock valued at $37,000 after purchasing an additional 240 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in NIKE in the 3rd quarter valued at $37,000. 64.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NKE has been the subject of a number of recent research reports. The Goldman Sachs Group reduced their target price on shares of NIKE from $135.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Royal Bank of Canada reissued a “sector perform” rating and issued a $100.00 price objective (down previously from $110.00) on shares of NIKE in a report on Friday, March 22nd. UBS Group lowered their target price on shares of NIKE from $138.00 to $125.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Evercore ISI cut their price target on NIKE from $127.00 to $117.00 and set an “outperform” rating for the company in a research note on Friday, March 22nd. Finally, Robert W. Baird lowered their price objective on NIKE from $140.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, NIKE currently has an average rating of “Moderate Buy” and a consensus price target of $116.26.

NIKE Trading Down 0.1 %

Shares of NKE stock traded down $0.05 during mid-day trading on Monday, reaching $94.07. 5,032,553 shares of the stock traded hands, compared to its average volume of 9,375,687. The stock’s fifty day simple moving average is $96.78 and its two-hundred day simple moving average is $103.33. NIKE, Inc. has a 1-year low of $88.66 and a 1-year high of $128.68. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63. The company has a market cap of $141.99 billion, a price-to-earnings ratio of 27.67, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09.

NIKE (NYSE:NKE) last posted its earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. The firm had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. On average, research analysts anticipate that NIKE, Inc. will post 3.73 EPS for the current fiscal year.

NIKE Announces Dividend

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

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.