NIKE, Inc. (NYSE:NKE) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC reduced its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,322 shares of the footwear maker's stock after selling 7,863 shares during the period. Sanctuary Advisors LLC's holdings in NIKE were worth $8,876,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Americana Partners LLC purchased a new position in NIKE during the 4th quarter valued at about $9,502,000. Strategic Advisors LLC raised its holdings in NIKE by 12.6% in the fourth quarter. Strategic Advisors LLC now owns 4,193 shares of the footwear maker's stock worth $317,000 after buying an additional 469 shares during the last quarter. Sierra Ocean LLC purchased a new position in NIKE in the fourth quarter worth about $195,000. Valmark Advisers Inc. raised its holdings in NIKE by 71.5% in the fourth quarter. Valmark Advisers Inc. now owns 25,804 shares of the footwear maker's stock worth $1,953,000 after buying an additional 10,757 shares during the last quarter. Finally, L.M. Kohn & Company raised its holdings in NIKE by 1.8% in the fourth quarter. L.M. Kohn & Company now owns 9,188 shares of the footwear maker's stock worth $695,000 after buying an additional 160 shares during the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on NKE. Wells Fargo & Company decreased their target price on shares of NIKE from $95.00 to $92.00 and set an "overweight" rating for the company in a report on Monday, December 16th. Royal Bank of Canada decreased their target price on shares of NIKE from $82.00 to $80.00 and set a "sector perform" rating for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. decreased their target price on shares of NIKE from $77.00 to $73.00 and set a "neutral" rating for the company in a report on Monday, December 2nd. Truist Financial decreased their target price on shares of NIKE from $97.00 to $90.00 and set a "buy" rating for the company in a report on Friday, December 20th. Finally, TD Cowen decreased their target price on shares of NIKE from $78.00 to $73.00 and set a "hold" rating for the company in a report on Monday, November 18th. Fifteen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, NIKE has a consensus rating of "Moderate Buy" and a consensus price target of $88.62.

Insider Buying and Selling at NIKE

In related news, Director John W. Rogers, Jr. acquired 2,500 shares of the firm's stock in a transaction that occurred on 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 of the company's stock, valued at $2,636,989.95. This trade represents a 7.84 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction that occurred 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

NIKE Stock Down 0.9 %

NIKE stock traded down $0.73 during midday trading on Friday, hitting $76.50. 12,813,494 shares of the company's stock were exchanged, compared to its average volume of 13,223,615. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. NIKE, Inc. has a 12 month low of $68.62 and a 12 month high of $106.62. The firm has a 50-day moving average of $74.33 and a two-hundred day moving average of $78.05. The company has a market cap of $113.15 billion, a PE ratio of 23.61, a P/E/G ratio of 2.50 and a beta of 1.01.

NIKE (NYSE:NKE - Get Free Report) last issued its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.15. The company had revenue of $12.35 billion for the quarter, compared to analysts' expectations of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm's quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.03 EPS. As a group, analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE's payout ratio is 49.38%.

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.