Crossmark Global Holdings Inc. cut its holdings in shares of Nike Inc (NYSE:NKE) by 2.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 256,299 shares of the footwear maker’s stock after selling 5,233 shares during the quarter. Nike comprises 0.7% of Crossmark Global Holdings Inc.’s investment portfolio, making the stock its 20th biggest position. Crossmark Global Holdings Inc.’s holdings in Nike were worth $24,072,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Thor Advisors LLC acquired a new position in Nike in the 1st quarter valued at about $26,000. Hexavest Inc. acquired a new position in Nike in the 2nd quarter valued at about $30,000. Litman Gregory Asset Management LLC acquired a new position in Nike in the 2nd quarter valued at about $31,000. LFA Lugano Financial Advisors SA boosted its holdings in Nike by 43.1% in the 2nd quarter. LFA Lugano Financial Advisors SA now owns 465 shares of the footwear maker’s stock valued at $39,000 after purchasing an additional 140 shares during the last quarter. Finally, Lipe & Dalton acquired a new position in Nike in the 2nd quarter valued at about $50,000. Hedge funds and other institutional investors own 65.04% of the company’s stock.

In related news, CEO Mark G. Parker sold 165,000 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $93.42, for a total transaction of $15,414,300.00. Following the sale, the chief executive officer now directly owns 2,054,511 shares of the company’s stock, valued at approximately $191,932,417.62. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Hilary K. Krane sold 17,903 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $88.70, for a total transaction of $1,587,996.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 523,482 shares of company stock worth $47,549,976. 3.80% of the stock is owned by insiders.

Several equities analysts have weighed in on NKE shares. Robert W. Baird set a $87.00 target price on shares of Nike and gave the company a “hold” rating in a report on Monday, September 23rd. Credit Suisse Group reiterated an “in-line” rating and issued a $105.00 target price (up from $97.00) on shares of Nike in a report on Wednesday, September 25th. Bank of America upgraded shares of Nike to an “underperform” rating and boosted their target price for the company from $60.00 to $70.00 in a report on Monday, June 24th. Citigroup boosted their target price on shares of Nike from $100.00 to $103.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Finally, Deutsche Bank set a $105.00 target price on shares of Nike and gave the company a “buy” rating in a report on Monday. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty have given a buy rating to the stock. Nike has a consensus rating of “Hold” and a consensus target price of $95.14.

Shares of Nike stock traded up $0.77 on Wednesday, reaching $92.52. The company had a trading volume of 5,112,806 shares, compared to its average volume of 6,485,021. The firm’s 50 day moving average price is $87.36 and its two-hundred day moving average price is $85.24. The firm has a market cap of $145.83 billion, a PE ratio of 37.16, a PEG ratio of 2.47 and a beta of 0.85. Nike Inc has a 52-week low of $66.53 and a 52-week high of $94.75. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.29 and a current ratio of 2.01.

Nike (NYSE:NKE) last released its quarterly earnings results on Tuesday, September 24th. The footwear maker reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.15. Nike had a net margin of 10.81% and a return on equity of 47.92%. The business had revenue of $10.66 billion for the quarter, compared to the consensus estimate of $10.43 billion. During the same period in the previous year, the firm earned $0.67 EPS. The business’s revenue was up 7.2% on a year-over-year basis. As a group, sell-side analysts predict that Nike Inc will post 2.97 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Friday, August 30th. Nike’s payout ratio is currently 35.34%.

Nike Company Profile

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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