Buckingham Capital Management Inc. Sells 21,676 Shares of NIKE, Inc. (NYSE:NKE)

Buckingham Capital Management Inc. decreased its position in NIKE, Inc. (NYSE:NKE - Free Report) by 40.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,904 shares of the footwear maker's stock after selling 21,676 shares during the period. Buckingham Capital Management Inc.'s holdings in NIKE were worth $2,414,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of NKE. Heck Capital Advisors LLC acquired a new position in NIKE in the fourth quarter valued at $28,000. Caitlin John LLC lifted its holdings in NIKE by 117.0% in the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock valued at $28,000 after buying an additional 200 shares during the period. Teachers Insurance & Annuity Association of America acquired a new position in NIKE in the third quarter valued at $30,000. Roxbury Financial LLC acquired a new position in NIKE in the fourth quarter valued at $30,000. Finally, Dunhill Financial LLC lifted its holdings in NIKE by 52.2% in the third quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker's stock valued at $44,000 after buying an additional 169 shares during the period. Institutional investors and hedge funds own 64.25% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on NKE shares. Piper Sandler upgraded shares of NIKE from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $72.00 to $90.00 in a report on Friday, January 10th. Evercore ISI dropped their price objective on shares of NIKE from $105.00 to $97.00 and set an "outperform" rating on the stock in a report on Monday, December 16th. Morgan Stanley dropped their price objective on shares of NIKE from $80.00 to $74.00 and set an "equal weight" rating on the stock in a report on Friday, December 20th. Bank of America dropped their price objective on shares of NIKE from $95.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of NIKE from $77.00 to $73.00 and set a "neutral" rating on the stock in a report on Monday, December 2nd. Fifteen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, NIKE has an average rating of "Moderate Buy" and a consensus target price of $88.62.

Insider Transactions at NIKE

In related news, Director John W. Rogers, Jr. purchased 2,500 shares of the firm's stock in a transaction dated Friday, December 27th. The stock was bought at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the purchase, the director now directly owns 34,403 shares in the company, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the firm's stock in a transaction that occurred 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 sale, the chairman now 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 disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

NIKE Stock Down 0.9 %

NKE stock traded down $0.73 during trading on Friday, reaching $76.50. The stock had a trading volume of 12,813,494 shares, compared to its average volume of 13,223,615. NIKE, Inc. has a one year low of $68.62 and a one year high of $106.62. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The company's 50 day moving average is $74.31 and its two-hundred day moving average is $78.09. The company has a market capitalization of $113.15 billion, a price-to-earnings ratio of 23.61, a P/E/G ratio of 2.50 and a beta of 1.01.

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

NIKE Dividend Announcement

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

NIKE 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.