St. Johns Investment Management Company LLC Sells 481 Shares of NIKE, Inc. (NYSE:NKE)

St. Johns Investment Management Company LLC reduced its holdings in shares of NIKE, Inc. (NYSE:NKE) by 4.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,815 shares of the footwear maker’s stock after selling 481 shares during the period. St. Johns Investment Management Company LLC’s holdings in NIKE were worth $868,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Advisors Asset Management Inc. increased its holdings in NIKE by 86.0% in the first quarter. Advisors Asset Management Inc. now owns 20,957 shares of the footwear maker’s stock worth $1,970,000 after purchasing an additional 9,689 shares in the last quarter. FORA Capital LLC acquired a new position in shares of NIKE during the 1st quarter valued at $3,412,000. Lafayette Investments Inc. boosted its stake in NIKE by 90.7% during the third quarter. Lafayette Investments Inc. now owns 46,097 shares of the footwear maker’s stock worth $4,075,000 after acquiring an additional 21,922 shares in the last quarter. Cetera Advisors LLC grew its holdings in NIKE by 85.5% in the first quarter. Cetera Advisors LLC now owns 88,299 shares of the footwear maker’s stock worth $8,298,000 after purchasing an additional 40,704 shares during the period. Finally, Koshinski Asset Management Inc. bought a new stake in NIKE in the first quarter valued at $713,000. 64.25% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Chairman Mark G. Parker sold 52,487 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $78.00, for a total value of $4,093,986.00. Following the sale, the chairman now owns 1,031,226 shares of the company’s stock, valued at $80,435,628. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

NIKE Trading Down 0.2 %

NYSE:NKE opened at $78.85 on Friday. NIKE, Inc. has a 12 month low of $70.75 and a 12 month high of $123.39. The company has a current ratio of 2.36, a quick ratio of 1.58 and a debt-to-equity ratio of 0.57. The firm’s 50 day moving average is $82.71 and its 200 day moving average is $84.98. The stock has a market capitalization of $118.22 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 1.95 and a beta of 1.02.

NIKE (NYSE:NKE) last issued its earnings results on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.18. The firm had revenue of $11.59 billion for the quarter, compared to analyst estimates of $11.64 billion. NIKE had a return on equity of 39.84% and a net margin of 10.60%. The business’s revenue was down 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.94 earnings per share. Sell-side analysts expect that NIKE, Inc. will post 2.78 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.88%. The ex-dividend date was Tuesday, September 3rd. NIKE’s dividend payout ratio (DPR) is presently 42.41%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NKE. Daiwa America cut shares of NIKE from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Williams Trading upgraded NIKE from a “sell” rating to a “buy” rating and boosted their price objective for the company from $67.00 to $93.00 in a report on Friday, August 16th. Robert W. Baird increased their target price on NIKE from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. KeyCorp reissued a “sector weight” rating on shares of NIKE in a research report on Friday, June 28th. Finally, Evercore ISI lowered their price objective on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a report on Wednesday, October 2nd. Fourteen research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, NIKE currently has an average rating of “Moderate Buy” and a consensus price target of $96.56.

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.