Bradley Foster & Sargent Inc. CT Has $14.87 Million Holdings in NIKE, Inc. (NYSE:NKE)

Bradley Foster & Sargent Inc. CT lessened its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 27.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 196,529 shares of the footwear maker's stock after selling 73,592 shares during the period. Bradley Foster & Sargent Inc. CT's holdings in NIKE were worth $14,871,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Teachers Insurance & Annuity Association of America bought a new stake in NIKE in the third quarter valued at $30,000. Caitlin John LLC increased its holdings in shares of NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock worth $28,000 after acquiring an additional 200 shares during the period. Heck Capital Advisors LLC bought a new stake in NIKE in the 4th quarter valued at about $28,000. Roxbury Financial LLC bought a new stake in NIKE in the 4th quarter valued at about $30,000. Finally, Dunhill Financial LLC boosted its stake in NIKE by 52.2% during the 3rd quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker's stock valued at $44,000 after purchasing an additional 169 shares during the period. Institutional investors and hedge funds own 64.25% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NKE shares. Royal Bank of Canada cut their price target on NIKE from $82.00 to $80.00 and set a "sector perform" rating on the stock in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft cut their target price on NIKE from $92.00 to $82.00 and set a "buy" rating on the stock in a research note on Monday, December 16th. Needham & Company LLC reiterated a "buy" rating and set a $84.00 price target on shares of NIKE in a research report on Friday, February 7th. Truist Financial lowered their price target on NIKE from $97.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, December 20th. Finally, DA Davidson raised shares of NIKE to a "strong-buy" rating in a report on Monday, December 23rd. Fifteen investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.62.

NIKE Trading Down 0.9 %

NKE traded down $0.73 during trading on Friday, reaching $76.50. The company had a trading volume of 12,813,494 shares, compared to its average volume of 13,223,615. The firm's 50-day simple moving average is $74.33 and its 200 day simple moving average is $78.05. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The company has a market cap of $113.15 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 2.50 and a beta of 1.01. NIKE, Inc. has a 12-month low of $68.62 and a 12-month high of $106.62.

NIKE (NYSE:NKE - Get Free Report) last released its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.15. The business had revenue of $12.35 billion for the quarter, compared to the consensus estimate of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm's quarterly revenue was down 7.7% compared to the same quarter last year. During the same period last year, the firm posted $1.03 earnings per share. Equities research analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE's dividend payout ratio (DPR) is currently 49.38%.

Insider Activity

In related news, Chairman Mark G. Parker sold 169,732 shares of the company's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John W. Rogers, Jr. acquired 2,500 shares of NIKE stock in a transaction that occurred on Friday, December 27th. The stock was acquired at an average cost of $76.65 per share, with a total value of $191,625.00. Following the completion of the purchase, the director now owns 34,403 shares in the company, valued at approximately $2,636,989.95. This represents a 7.84 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company's stock.

About NIKE

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.