Stifel Financial Corp Reduces Stake in NIKE, Inc. (NYSE:NKE)

Stifel Financial Corp reduced its position in NIKE, Inc. (NYSE:NKE - Free Report) by 65.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,289,262 shares of the footwear maker's stock after selling 2,439,467 shares during the period. Stifel Financial Corp owned 0.09% of NIKE worth $97,566,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new stake in shares of NIKE in the fourth quarter valued at about $28,000. Caitlin John LLC raised its stake in shares of NIKE by 117.0% during the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock worth $28,000 after purchasing an additional 200 shares during the last quarter. Roxbury Financial LLC acquired a new stake in shares of NIKE during the fourth quarter worth $30,000. LFA Lugano Financial Advisors SA grew 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 buying an additional 210 shares during the last quarter. Finally, Hopwood Financial Services Inc. acquired a new position in NIKE in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 64.25% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Guggenheim reiterated a "buy" rating and set a $110.00 target price on shares of NIKE in a research report on Wednesday, February 12th. Truist Financial lowered their target price on shares of NIKE from $90.00 to $82.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Cfra Research upgraded NIKE to a "moderate buy" rating in a research report on Friday, March 21st. Robert W. Baird dropped their target price on shares of NIKE from $105.00 to $99.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $80.00 price objective on shares of NIKE in a research report on Monday, March 17th. Sixteen 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $82.81.

NIKE Stock Down 1.4 %

NIKE stock traded down $0.82 during midday trading on Friday, reaching $57.66. The stock had a trading volume of 17,129,210 shares, compared to its average volume of 18,300,350. The company has a market capitalization of $85.29 billion, a P/E ratio of 17.80, a PEG ratio of 2.52 and a beta of 1.15. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $98.04. The company has a fifty day moving average price of $67.15 and a two-hundred day moving average price of $73.17. 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 issued its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.26. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. During the same period last year, the business posted $0.98 earnings per share. NIKE's revenue was down 9.1% on a year-over-year basis. As a group, equities analysts expect that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.77%. The ex-dividend date was Monday, March 3rd. NIKE's payout ratio is 53.16%.

Insiders Place Their Bets

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of NIKE stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $72.83, for a total value of $12,361,581.56. Following the transaction, the chairman now directly owns 896,632 shares of the company's stock, valued at $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 is available at the SEC website. Also, Director Robert Holmes Swan purchased 8,600 shares of NIKE stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the acquisition, the director now owns 31,983 shares in the company, valued at $1,869,726.18. This trade represents a 36.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 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.