Pine Haven Investment Counsel Inc Has $1.35 Million Holdings in NIKE, Inc. (NYSE:NKE)

Pine Haven Investment Counsel Inc trimmed its holdings in NIKE, Inc. (NYSE:NKE) by 0.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,266 shares of the footwear maker’s stock after selling 200 shares during the quarter. NIKE accounts for 1.1% of Pine Haven Investment Counsel Inc’s portfolio, making the stock its 22nd largest holding. Pine Haven Investment Counsel Inc’s holdings in NIKE were worth $1,350,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Caitlin John LLC boosted its holdings in NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock valued at $28,000 after purchasing an additional 200 shares during the period. Heck Capital Advisors LLC acquired a new position in shares of NIKE during the fourth quarter valued at about $28,000. Roxbury Financial LLC bought a new stake in shares of NIKE in the fourth quarter valued at about $30,000. LFA Lugano Financial Advisors SA grew its position in NIKE by 110.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock worth $30,000 after buying an additional 210 shares in the last quarter. Finally, Hopwood Financial Services Inc. bought a new position in NIKE during the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on NKE. China Renaissance started coverage on NIKE in a report on Wednesday, March 19th. They issued a “hold” rating for the company. Needham & Company LLC lowered their price objective on NIKE from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday, March 17th. Guggenheim restated a “buy” rating and issued a $110.00 target price on shares of NIKE in a research note on Wednesday, February 12th. Robert W. Baird decreased their price target on shares of NIKE from $105.00 to $99.00 and set an “outperform” rating on the stock in a research note on Friday, March 21st. Finally, Williams Trading lowered their price target on shares of NIKE from $93.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, April 21st. Seventeen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, NIKE has an average rating of “Moderate Buy” and a consensus price target of $80.26.

Insider Activity at NIKE

In other news, Director Robert Holmes Swan purchased 8,600 shares of the business’s stock in a transaction dated Friday, April 4th. The shares were acquired at an average price of $58.46 per share, with a total value of $502,756.00. Following the completion of the purchase, the director now directly owns 31,983 shares of the company’s stock, valued at $1,869,726.18. The trade was a 36.78% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by company insiders.

NIKE Stock Performance

Shares of NYSE:NKE opened at $62.82 on Friday. The business has a fifty day moving average of $58.86 and a 200-day moving average of $69.22. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $98.04. The firm has a market cap of $92.92 billion, a PE ratio of 19.39, a price-to-earnings-growth ratio of 2.52 and a beta of 1.21.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.26. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm had revenue of $11.27 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same quarter in the prior year, the firm earned $0.98 EPS. The company’s revenue was down 9.1% on a year-over-year basis. On average, equities research analysts predict that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.55%. NIKE’s dividend payout ratio (DPR) is currently 53.16%.

NIKE Company 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.