JLB & Associates Inc. Decreases Stock Holdings in NIKE, Inc. (NYSE:NKE)

JLB & Associates Inc. reduced its position in shares of NIKE, Inc. (NYSE:NKE) by 1.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 115,402 shares of the footwear maker’s stock after selling 1,873 shares during the period. NIKE accounts for approximately 2.7% of JLB & Associates Inc.’s portfolio, making the stock its 12th largest position. JLB & Associates Inc.’s holdings in NIKE were worth $14,487,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Clarius Group LLC boosted its holdings in NIKE by 0.8% in the third quarter. Clarius Group LLC now owns 11,031 shares of the footwear maker’s stock valued at $1,385,000 after acquiring an additional 84 shares in the last quarter. Glassman Wealth Services increased its position in shares of NIKE by 6.6% during the second quarter. Glassman Wealth Services now owns 1,626 shares of the footwear maker’s stock valued at $159,000 after buying an additional 100 shares during the period. Adirondack Trust Co. raised its stake in NIKE by 1.9% in the second quarter. Adirondack Trust Co. now owns 5,320 shares of the footwear maker’s stock worth $519,000 after buying an additional 100 shares in the last quarter. Capital Analysts LLC lifted its holdings in NIKE by 8.0% in the second quarter. Capital Analysts LLC now owns 1,410 shares of the footwear maker’s stock worth $138,000 after buying an additional 104 shares during the period. Finally, Lafayette Investments Inc. boosted its position in NIKE by 1.1% during the 2nd quarter. Lafayette Investments Inc. now owns 10,067 shares of the footwear maker’s stock valued at $987,000 after acquiring an additional 108 shares in the last quarter. 64.20% of the stock is currently owned by institutional investors.

NKE has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upgraded NIKE from a “hold” rating to a “buy” rating and raised their target price for the company from $107.00 to $151.00 in a research note on Wednesday, September 23rd. Wells Fargo & Company raised their price objective on NIKE from $110.00 to $135.00 and gave the company an “overweight” rating in a research report on Wednesday, September 23rd. UBS Group upped their target price on shares of NIKE from $127.00 to $152.00 and gave the stock a “buy” rating in a research report on Wednesday, September 23rd. Raymond James lifted their price target on shares of NIKE from $115.00 to $121.00 and gave the company an “outperform” rating in a research report on Friday, September 18th. Finally, Rowe boosted their price objective on shares of NIKE from $150.00 to $160.00 and gave the stock a “positive” rating in a research note on Wednesday, September 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $137.03.

In other NIKE news, CAO Hilary K. Krane sold 11,000 shares of the stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $129.53, for a total value of $1,424,830.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Heidi O’neill sold 30,000 shares of the stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $130.00, for a total value of $3,900,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 841,962 shares of company stock worth $103,292,012. 3.80% of the stock is owned by company insiders.

Shares of NKE traded down $1.00 during trading hours on Friday, hitting $128.00. The stock had a trading volume of 6,011,173 shares, compared to its average volume of 7,844,968. The firm has a market capitalization of $199.67 billion, a PE ratio of 76.65, a PEG ratio of 2.80 and a beta of 0.80. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.55 and a quick ratio of 1.77. NIKE, Inc. has a 12 month low of $60.00 and a 12 month high of $131.34. The stock has a fifty day moving average price of $120.42 and a 200 day moving average price of $101.42.

NIKE (NYSE:NKE) last released its quarterly earnings results on Tuesday, September 22nd. The footwear maker reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.49. NIKE had a return on equity of 34.62% and a net margin of 7.20%. The business had revenue of $10.59 billion during the quarter, compared to the consensus estimate of $9.15 billion. During the same period in the previous year, the company posted $0.27 EPS. The business’s quarterly revenue was down .6% compared to the same quarter last year. As a group, analysts anticipate that NIKE, Inc. will post 2.78 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Monday, August 31st were issued a $0.245 dividend. This represents a $0.98 annualized dividend and a yield of 0.77%. The ex-dividend date was Friday, August 28th. NIKE’s dividend payout ratio is 52.97%.

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, including 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, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

Read More: How to Use a Moving Average for Trading 

Want to see what other hedge funds are holding NKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NIKE, Inc. (NYSE:NKE).

Institutional Ownership by Quarter for NIKE (NYSE:NKE)

Receive News & Ratings for NIKE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NIKE and related companies with MarketBeat.com's FREE daily email newsletter.