Nike Inc (NKE) Shares Sold by JLB & Associates Inc.

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JLB & Associates Inc. decreased its stake in Nike Inc (NYSE:NKE) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 134,198 shares of the footwear maker’s stock after selling 446 shares during the period. Nike makes up 2.4% of JLB & Associates Inc.’s portfolio, making the stock its 20th largest holding. JLB & Associates Inc.’s holdings in Nike were worth $9,949,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Albion Financial Group UT boosted its stake in Nike by 4.0% in the third quarter. Albion Financial Group UT now owns 6,324 shares of the footwear maker’s stock valued at $536,000 after buying an additional 246 shares in the last quarter. Arlington Partners LLC grew its stake in Nike by 2.7% in the fourth quarter. Arlington Partners LLC now owns 13,070 shares of the footwear maker’s stock valued at $969,000 after acquiring an additional 340 shares during the period. North Star Investment Management Corp. boosted its position in shares of Nike by 6.6% during the fourth quarter. North Star Investment Management Corp. now owns 7,809 shares of the footwear maker’s stock valued at $579,000 after buying an additional 485 shares during the last quarter. Chesley Taft & Associates LLC boosted its position in shares of Nike by 2.1% during the fourth quarter. Chesley Taft & Associates LLC now owns 24,119 shares of the footwear maker’s stock valued at $1,788,000 after buying an additional 490 shares during the last quarter. Finally, National Asset Management Inc. boosted its position in shares of Nike by 4.7% during the third quarter. National Asset Management Inc. now owns 14,586 shares of the footwear maker’s stock valued at $1,237,000 after buying an additional 655 shares during the last quarter. Hedge funds and other institutional investors own 63.99% of the company’s stock.

NKE has been the topic of several research reports. Morgan Stanley set a $103.00 target price on Nike and gave the company a “buy” rating in a research note on Tuesday, December 11th. Oppenheimer upgraded Nike from a “market perform” rating to an “outperform” rating and set a $90.00 target price for the company in a research report on Thursday, October 18th. HSBC reiterated a “neutral” rating and issued a $92.00 price objective on shares of Nike in a report on Wednesday, October 3rd. Morningstar set a $75.00 target price on Nike and gave the company a “hold” rating in a report on Friday, October 5th. Finally, Stifel Nicolaus increased their target price on Nike from $90.00 to $96.00 and gave the company a “buy” rating in a report on Monday, September 24th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have given a buy rating to the stock. Nike currently has a consensus rating of “Buy” and a consensus price target of $83.14.

In related news, Chairman Mark G. Parker sold 150,000 shares of Nike stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $73.68, for a total value of $11,052,000.00. Following the completion of the transaction, the chairman now owns 1,687,863 shares in the company, valued at $124,361,745.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John F. Slusher sold 200,000 shares of Nike stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $74.05, for a total value of $14,810,000.00. Following the completion of the transaction, the executive vice president now owns 284,805 shares of the company’s stock, valued at approximately $21,089,810.25. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.

Shares of NKE stock traded up $0.03 during trading hours on Friday, hitting $76.45. The stock had a trading volume of 6,904,673 shares, compared to its average volume of 8,586,630. Nike Inc has a one year low of $62.09 and a one year high of $86.04. The company has a current ratio of 2.14, a quick ratio of 1.40 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $121.63 billion, a price-to-earnings ratio of 31.59, a price-to-earnings-growth ratio of 2.37 and a beta of 0.69.

Nike (NYSE:NKE) last issued its earnings results on Thursday, December 20th. The footwear maker reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.06. Nike had a return on equity of 44.85% and a net margin of 5.66%. The firm had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.17 billion. During the same period in the previous year, the firm posted $0.46 earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year. As a group, research analysts predict that Nike Inc will post 2.62 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 2nd. Stockholders of record on Monday, December 3rd were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.15%. This is a boost from Nike’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, November 30th. Nike’s payout ratio is 36.36%.

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About Nike

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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