NIKE, Inc. (NYSE:NKE) Holdings Lessened by Capitol Family Office Inc.

Capitol Family Office Inc. reduced its position in NIKE, Inc. (NYSE:NKE - Free Report) by 21.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 44,132 shares of the footwear maker's stock after selling 12,406 shares during the period. NIKE accounts for about 4.5% of Capitol Family Office Inc.'s holdings, making the stock its 5th biggest holding. Capitol Family Office Inc.'s holdings in NIKE were worth $3,339,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in NKE. Garrison Point Advisors LLC raised its holdings in NIKE by 1.9% in the third quarter. Garrison Point Advisors LLC now owns 6,704 shares of the footwear maker's stock valued at $593,000 after acquiring an additional 126 shares in the last quarter. Stephens Consulting LLC grew its stake in NIKE by 20.0% in the third quarter. Stephens Consulting LLC now owns 768 shares of the footwear maker's stock worth $68,000 after purchasing an additional 128 shares in the last quarter. PSI Advisors LLC increased its holdings in NIKE by 26.3% in the third quarter. PSI Advisors LLC now owns 624 shares of the footwear maker's stock valued at $55,000 after buying an additional 130 shares during the last quarter. Chapin Davis Inc. raised its position in shares of NIKE by 1.2% during the 3rd quarter. Chapin Davis Inc. now owns 11,430 shares of the footwear maker's stock valued at $1,010,000 after acquiring an additional 133 shares in the last quarter. Finally, Meridian Financial Partners LLC lifted its stake in NIKE by 1.6% during the third quarter. Meridian Financial Partners LLC now owns 8,396 shares of the footwear maker's stock worth $742,000 after purchasing an additional 133 shares during the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE Stock Up 2.2 %

Shares of NKE stock opened at $78.28 on Friday. NIKE, Inc. has a 1 year low of $70.32 and a 1 year high of $107.43. 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 business's fifty day moving average is $75.61 and its 200-day moving average is $77.95. The stock has a market cap of $115.79 billion, a PE ratio of 24.16, a price-to-earnings-growth ratio of 2.44 and a beta of 1.02.

NIKE (NYSE:NKE - Get Free Report) last released its earnings results 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 return on equity of 36.99% and a net margin of 9.98%. The firm had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.11 billion. During the same period in the previous year, the company earned $1.03 earnings per share. NIKE's revenue was down 7.7% compared to the same quarter last year. Equities analysts expect that NIKE, Inc. will post 2.09 earnings per share for the current fiscal year.

NIKE Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were issued a $0.40 dividend. This is an increase from NIKE's previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date was Monday, December 2nd. NIKE's payout ratio is presently 49.38%.

Analyst Ratings Changes

Several analysts have weighed in on NKE shares. Barclays lowered their target price on shares of NIKE from $79.00 to $70.00 and set an "equal weight" rating for the company in a research note on Friday, December 20th. Piper Sandler raised shares of NIKE from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $72.00 to $90.00 in a research report on Friday, January 10th. JPMorgan Chase & Co. cut their target price 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. Morgan Stanley decreased their target price on NIKE from $80.00 to $74.00 and set an "equal weight" rating for the company in a research note on Friday, December 20th. Finally, Evercore ISI dropped their price target on NIKE from $105.00 to $97.00 and set an "outperform" rating on the stock in a research report on Monday, December 16th. 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's stock. According to data from MarketBeat, NIKE presently has a consensus rating of "Moderate Buy" and an average target price of $89.96.

Insider Activity at NIKE

In related news, Director John W. Rogers, Jr. bought 2,500 shares of the business's stock in a transaction dated Friday, December 27th. The shares were bought at an average cost of $76.65 per share, with a total value of $191,625.00. Following the completion of the transaction, the director now directly owns 34,403 shares of the company's stock, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.10% of the company's stock.

NIKE Company 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.

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