NIKE, Inc. (NYSE:NKE) Shares Sold by Blair William & Co. IL

Blair William & Co. IL lowered its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 29.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 242,664 shares of the footwear maker's stock after selling 99,993 shares during the quarter. Blair William & Co. IL's holdings in NIKE were worth $18,362,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of NKE. Range Financial Group LLC purchased a new position in shares of NIKE during the fourth quarter valued at approximately $642,000. Cacti Asset Management LLC purchased a new position in shares of NIKE during the 4th quarter worth $9,987,000. Capricorn Fund Managers Ltd acquired a new stake in shares of NIKE during the fourth quarter worth $5,384,000. Klein Pavlis & Peasley Financial Inc. boosted its holdings in shares of NIKE by 31.1% during the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 25,835 shares of the footwear maker's stock worth $1,955,000 after purchasing an additional 6,124 shares during the last quarter. Finally, FNY Investment Advisers LLC increased its stake in NIKE by 5,745.9% in the fourth quarter. FNY Investment Advisers LLC now owns 8,652 shares of the footwear maker's stock valued at $654,000 after purchasing an additional 8,504 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company's stock.

NIKE Stock Up 0.7 %

NKE traded up $0.42 during trading on Monday, hitting $63.71. The company had a trading volume of 9,779,023 shares, compared to its average volume of 12,920,003. The company has a market cap of $94.23 billion, a PE ratio of 19.68, a P/E/G ratio of 2.52 and a beta of 1.02. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. NIKE, Inc. has a 1-year low of $62.41 and a 1-year high of $98.04. The business has a 50-day moving average of $74.16 and a 200-day moving average of $76.92.

Remove Ads

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.28 by $0.26. The business had revenue of $11.27 billion for the quarter, compared to analysts' expectations of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company's quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.98 earnings per share. As a group, analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.51%. NIKE's payout ratio is 53.16%.

Insider Activity

In other news, Chairman Mark G. Parker sold 169,732 shares of NIKE stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $72.83, for a total value of $12,361,581.56. Following the completion of the transaction, the chairman now directly owns 896,632 shares of the company's stock, valued at approximately $65,301,708.56. The trade was a 15.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Cfra Research upgraded NIKE to a "moderate buy" rating in a report on Friday, March 21st. Royal Bank of Canada decreased their target price on shares of NIKE from $67.00 to $66.00 and set a "sector perform" rating on the stock in a research report on Friday, March 21st. Piper Sandler raised shares of NIKE from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $72.00 to $90.00 in a research note on Friday, January 10th. Jefferies Financial Group raised shares of NIKE from a "hold" rating to a "buy" rating and boosted their price objective for the company from $75.00 to $115.00 in a research note on Monday, February 24th. Finally, Wells Fargo & Company cut their target price on NIKE from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Friday, March 21st. Fifteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $87.38.

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.