JNBA Financial Advisors lowered its stake in Nike Inc (NYSE:NKE) by 49.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,022 shares of the footwear maker’s stock after selling 3,958 shares during the period. JNBA Financial Advisors’ holdings in Nike were worth $252,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of NKE. Field & Main Bank acquired a new stake in Nike in the fourth quarter valued at approximately $100,000. Willingdon Wealth Management acquired a new stake in Nike in the third quarter valued at approximately $114,000. Atlantic Trust LLC acquired a new stake in Nike in the second quarter valued at approximately $136,000. Howe & Rusling Inc. boosted its position in Nike by 751.3% in the third quarter. Howe & Rusling Inc. now owns 2,639 shares of the footwear maker’s stock valued at $137,000 after buying an additional 2,329 shares in the last quarter. Finally, Horan Capital Advisors LLC. acquired a new stake in Nike in the third quarter valued at approximately $161,000. Hedge funds and other institutional investors own 62.65% of the company’s stock.

Shares of Nike Inc (NKE) opened at $67.96 on Thursday. Nike Inc has a 52 week low of $50.35 and a 52 week high of $68.83. The company has a quick ratio of 1.67, a current ratio of 2.46 and a debt-to-equity ratio of 0.30. The firm has a market cap of $110,880.00, a price-to-earnings ratio of 29.42, a price-to-earnings-growth ratio of 2.98 and a beta of 0.68.

Nike (NYSE:NKE) last posted its quarterly earnings results on Thursday, December 21st. The footwear maker reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.06. Nike had a net margin of 11.13% and a return on equity of 31.64%. The firm had revenue of $8.55 billion during the quarter, compared to the consensus estimate of $8.39 billion. During the same period in the previous year, the firm posted $0.50 earnings per share. The business’s revenue was up 4.6% compared to the same quarter last year. equities research analysts predict that Nike Inc will post 2.26 EPS for the current year.

A number of analysts have weighed in on the stock. Oppenheimer upgraded shares of Nike to a “buy” rating in a research report on Wednesday, January 31st. Citigroup restated a “buy” rating and issued a $78.00 target price (up previously from $74.00) on shares of Nike in a research report on Wednesday, January 31st. UBS Group set a $76.00 target price on shares of Nike and gave the company a “buy” rating in a research report on Thursday, February 1st. Zacks Investment Research upgraded shares of Nike from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research report on Tuesday, December 19th. Finally, Canaccord Genuity raised their target price on shares of Nike from $50.00 to $64.00 and gave the company a “hold” rating in a research report on Tuesday, December 19th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $65.37.

In other Nike news, Chairman Mark G. Parker sold 135,000 shares of Nike stock in a transaction on Monday, December 18th. The shares were sold at an average price of $65.00, for a total value of $8,775,000.00. Following the completion of the sale, the chairman now directly owns 1,502,830 shares of the company’s stock, valued at $97,683,950. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Monique S. Matheson sold 10,000 shares of the business’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $62.00, for a total transaction of $620,000.00. Following the sale, the executive vice president now directly owns 23,248 shares of the company’s stock, valued at $1,441,376. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 932,896 shares of company stock valued at $59,594,217. Insiders own 3.90% of the company’s stock.

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Nike Profile

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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