Valley Brook Capital Group Inc. Sells 473 Shares of NIKE, Inc. (NYSE:NKE)

Valley Brook Capital Group Inc. lowered its holdings in shares of NIKE, Inc. (NYSE:NKE) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,601 shares of the footwear maker’s stock after selling 473 shares during the quarter. NIKE makes up 1.4% of Valley Brook Capital Group Inc.’s portfolio, making the stock its 16th biggest holding. Valley Brook Capital Group Inc.’s holdings in NIKE were worth $1,694,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Iron Horse Wealth Management LLC lifted its holdings in shares of NIKE by 120.7% in the fourth quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock worth $28,000 after buying an additional 140 shares in the last quarter. Planned Solutions Inc. purchased a new stake in NIKE in the 4th quarter worth $29,000. Mizuho Securities Co. Ltd. boosted its holdings in shares of NIKE by 100.0% during the 4th quarter. Mizuho Securities Co. Ltd. now owns 340 shares of the footwear maker’s stock valued at $37,000 after purchasing an additional 170 shares during the last quarter. NewSquare Capital LLC grew its position in shares of NIKE by 372.0% during the fourth quarter. NewSquare Capital LLC now owns 354 shares of the footwear maker’s stock valued at $38,000 after purchasing an additional 279 shares in the last quarter. Finally, Raleigh Capital Management Inc. increased its holdings in shares of NIKE by 134.2% in the third quarter. Raleigh Capital Management Inc. now owns 377 shares of the footwear maker’s stock worth $36,000 after purchasing an additional 216 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

NIKE Stock Down 0.3 %

NYSE:NKE traded down $0.26 during trading hours on Friday, reaching $92.15. The company’s stock had a trading volume of 5,736,711 shares, compared to its average volume of 8,740,078. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74. The company has a market capitalization of $139.09 billion, a P/E ratio of 27.10, a price-to-earnings-growth ratio of 1.78 and a beta of 1.07. The stock has a 50 day moving average price of $95.73 and a two-hundred day moving average price of $103.04. NIKE, Inc. has a 12 month low of $88.66 and a 12 month high of $127.69.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.29. The company had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. Equities analysts predict that NIKE, Inc. will post 3.73 EPS for the current fiscal year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.61%. The ex-dividend date is Monday, June 3rd. NIKE’s dividend payout ratio is currently 43.53%.

Analyst Ratings Changes

A number of equities analysts recently commented on NKE shares. Williams Trading reissued a “sell” rating and set a $85.00 price target (down from $92.00) on shares of NIKE in a research note on Monday, March 18th. The Goldman Sachs Group lowered their price objective on NIKE from $135.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Jefferies Financial Group dropped their target price on NIKE from $110.00 to $100.00 and set a “hold” rating for the company in a report on Friday, March 22nd. Stifel Nicolaus lowered their price target on NIKE from $129.00 to $117.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Finally, TheStreet lowered shares of NIKE from a “b” rating to a “c+” rating in a research note on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.26.

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.