Edmond DE Rothschild Holding S.A. Sells 72,572 Shares of NIKE, Inc. (NYSE:NKE)

Edmond DE Rothschild Holding S.A. trimmed its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 50.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,314 shares of the footwear maker's stock after selling 72,572 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in NIKE were worth $5,472,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Caitlin John LLC increased its stake in NIKE by 117.0% during 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 in the last quarter. Heck Capital Advisors LLC bought a new stake in shares of NIKE during the fourth quarter worth about $28,000. Roxbury Financial LLC acquired a new stake in shares of NIKE in the 4th quarter worth about $30,000. LFA Lugano Financial Advisors SA lifted its position in NIKE by 110.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock valued at $30,000 after acquiring an additional 210 shares in the last quarter. Finally, Hopwood Financial Services Inc. acquired a new position in NIKE during the 4th quarter valued at about $30,000. 64.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NKE. Citigroup downgraded NIKE from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $102.00 to $72.00 in a report on Friday, February 7th. Piper Sandler upgraded NIKE from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $72.00 to $90.00 in a research note on Friday, January 10th. Bank of America dropped their price target on NIKE from $95.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, December 20th. Jefferies Financial Group upgraded NIKE from a "hold" rating to a "buy" rating and upped 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 price target on shares of NIKE from $90.00 to $85.00 and set an "overweight" rating on the stock in a 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 assigned a strong buy rating to the company. According to MarketBeat, NIKE currently has an average rating of "Moderate Buy" and a consensus target price of $87.38.

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NIKE Price Performance

Shares of NKE stock traded down $8.80 during trading hours on Thursday, hitting $56.16. 54,816,922 shares of the company's stock were exchanged, compared to its average volume of 13,135,997. NIKE, Inc. has a 12-month low of $55.26 and a 12-month high of $98.04. The company has a market capitalization of $83.07 billion, a PE ratio of 17.40, a PEG ratio of 2.52 and a beta of 1.02. The business's 50 day simple moving average is $73.66 and its 200-day simple moving average is $76.64. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.28 by $0.26. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The firm had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $11.02 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. The company's quarterly revenue was down 9.1% on a year-over-year basis. On average, 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 declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Monday, March 3rd. NIKE's dividend payout ratio (DPR) is presently 53.16%.

Insider Buying and Selling at NIKE

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the business's stock in a transaction on Friday, February 14th. The shares were 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company's stock.

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.