Galibier Capital Management Ltd. Has $30,000 Stock Holdings in NIKE, Inc. (NYSE:NKE)

Galibier Capital Management Ltd. cut its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 97.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 400 shares of the footwear maker's stock after selling 16,500 shares during the quarter. Galibier Capital Management Ltd.'s holdings in NIKE were worth $30,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of NKE. Sanibel Captiva Trust Company Inc. raised its holdings in shares of NIKE by 5.7% during the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 150,864 shares of the footwear maker's stock worth $11,416,000 after acquiring an additional 8,102 shares during the period. Alhambra Investment Management LLC increased its holdings in NIKE by 63.4% during the 4th quarter. Alhambra Investment Management LLC now owns 4,852 shares of the footwear maker's stock worth $367,000 after purchasing an additional 1,882 shares in the last quarter. Verity & Verity LLC acquired a new stake in shares of NIKE in the 4th quarter valued at about $429,000. Arkadios Wealth Advisors lifted its holdings in shares of NIKE by 7.6% in the fourth quarter. Arkadios Wealth Advisors now owns 22,403 shares of the footwear maker's stock valued at $1,695,000 after purchasing an additional 1,587 shares in the last quarter. Finally, Canoe Financial LP boosted its position in shares of NIKE by 1.1% during the fourth quarter. Canoe Financial LP now owns 111,720 shares of the footwear maker's stock worth $8,454,000 after buying an additional 1,200 shares during the period. 64.25% of the stock is owned by institutional investors.

NIKE Stock Performance

Shares of NKE traded down $0.22 during midday trading on Friday, reaching $70.89. 9,688,434 shares of the stock were exchanged, compared to its average volume of 11,668,856. 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 stock's 50 day simple moving average is $75.77 and its 200 day simple moving average is $77.92. NIKE, Inc. has a twelve month low of $70.32 and a twelve month high of $107.43. The company has a market cap of $104.85 billion, a P/E ratio of 21.88, a PEG ratio of 2.26 and a beta of 1.02.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $12.35 billion during the quarter, compared to the consensus estimate of $12.11 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The business's revenue for the quarter was down 7.7% compared to the same quarter last year. On average, sell-side analysts expect that NIKE, Inc. will post 2.1 earnings per share for the current year.

NIKE Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were given a dividend of $0.40 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.26%. This is an increase from NIKE's previous quarterly dividend of $0.37. NIKE's dividend payout ratio is currently 49.38%.

Insiders Place Their Bets

In other news, Director John W. Rogers, Jr. purchased 2,500 shares of NIKE stock in a transaction that occurred on Friday, December 27th. The shares were acquired at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the transaction, the director now owns 34,403 shares of the company's stock, valued at approximately $2,636,989.95. The trade was a 7.84 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

NKE has been the topic of several research reports. Bank of America cut their target price on NIKE from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, December 20th. Barclays cut their price objective on shares of NIKE from $79.00 to $70.00 and set an "equal weight" rating on the stock in a research report on Friday, December 20th. Telsey Advisory Group downgraded shares of NIKE from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $93.00 to $80.00 in a research report on Friday, December 20th. Wells Fargo & Company cut their price target on shares of NIKE from $95.00 to $92.00 and set an "overweight" rating on the stock in a research report on Monday, December 16th. Finally, Truist Financial decreased their price objective on NIKE from $97.00 to $90.00 and set a "buy" rating for the company in a report on Friday, December 20th. Fourteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $89.96.

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.