LaFleur & Godfrey LLC Sells 5,243 Shares of NIKE, Inc. (NYSE:NKE)

LaFleur & Godfrey LLC reduced its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 13.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,149 shares of the footwear maker's stock after selling 5,243 shares during the quarter. LaFleur & Godfrey LLC's holdings in NIKE were worth $2,584,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Range Financial Group LLC bought a new stake in NIKE in the 4th quarter valued at $642,000. Cacti Asset Management LLC purchased a new stake in NIKE in the 4th quarter valued at about $9,987,000. FNY Investment Advisers LLC grew its holdings in NIKE by 5,745.9% during the 4th quarter. FNY Investment Advisers LLC now owns 8,652 shares of the footwear maker's stock worth $654,000 after acquiring an additional 8,504 shares in the last quarter. Eagle Rock Investment Company LLC increased its holdings in NIKE by 49.2% during the fourth quarter. Eagle Rock Investment Company LLC now owns 60,642 shares of the footwear maker's stock valued at $4,589,000 after buying an additional 19,991 shares during the period. Finally, Mirador Capital Partners LP lifted its stake in shares of NIKE by 69.8% during the 4th quarter. Mirador Capital Partners LP now owns 72,986 shares of the footwear maker's stock worth $5,523,000 after purchasing an additional 30,011 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company's stock.

Insider Buying and Selling at NIKE

In other NIKE news, Director John W. Rogers, Jr. bought 2,500 shares of the firm's stock in a transaction dated Friday, December 27th. The stock was purchased at an average cost of $76.65 per share, with a total value of $191,625.00. Following the transaction, the director now directly owns 34,403 shares in the company, valued at $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. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NKE shares. Truist Financial reduced their price target on shares of NIKE from $97.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, December 20th. Royal Bank of Canada lowered their price objective on NIKE from $82.00 to $80.00 and set a "sector perform" rating on the stock in a research note on Thursday, November 7th. JPMorgan Chase & Co. lowered their price target on NIKE from $77.00 to $73.00 and set a "neutral" rating for the company in a report on Monday, December 2nd. Needham & Company LLC reiterated a "buy" rating and issued a $84.00 price objective on shares of NIKE in a research note on Friday, December 20th. Finally, Stifel Nicolaus decreased their price target on NIKE from $79.00 to $75.00 and set a "hold" rating for the company in a report on Friday, December 20th. Fourteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $89.96.

NIKE Stock Down 0.3 %

NYSE:NKE traded down $0.22 during trading hours on Monday, hitting $70.89. 9,688,434 shares of the stock traded hands, compared to its average volume of 11,668,856. The firm has a 50 day moving average price of $75.77 and a 200 day moving average price of $77.95. 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, Inc. has a fifty-two week low of $70.32 and a fifty-two week high of $107.43. The firm has a market cap of $104.85 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 2.26 and a beta of 1.02.

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, beating the consensus estimate of $0.63 by $0.15. NIKE had a return on equity of 36.99% and a net margin of 9.98%. 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 company posted $1.03 EPS. The business's revenue for the quarter was down 7.7% compared to the same quarter last year. Equities research analysts anticipate that NIKE, Inc. will post 2.1 earnings per share for the current year.

NIKE Increases Dividend

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

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.