NIKE, Inc. (NYSE:NKE) Shares Sold by Stableford Capital II LLC

Stableford Capital II LLC cut its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 36.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,411 shares of the footwear maker's stock after selling 7,058 shares during the quarter. Stableford Capital II LLC's holdings in NIKE were worth $939,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Heck Capital Advisors LLC purchased a new stake in NIKE during the 4th quarter valued at about $28,000. Teachers Insurance & Annuity Association of America acquired a new stake in shares of NIKE during the third quarter worth about $30,000. VitalStone Financial LLC boosted its position in NIKE by 52.6% in the third quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker's stock valued at $38,000 after buying an additional 150 shares during the last quarter. Dunhill Financial LLC boosted its position in NIKE by 52.2% in the third quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker's stock valued at $44,000 after buying an additional 169 shares during the last quarter. Finally, Riverview Trust Co acquired a new position in NIKE in the 3rd quarter worth approximately $52,000. 64.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NKE has been the topic of several recent research reports. UBS Group reaffirmed a "neutral" rating and issued a $73.00 price objective on shares of NIKE in a report on Thursday, December 26th. Piper Sandler upgraded shares of NIKE from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $72.00 to $90.00 in a research report on Friday, January 10th. TD Cowen cut their price target on NIKE from $78.00 to $73.00 and set a "hold" rating on the stock in a research report on Monday, November 18th. Evercore ISI decreased their price objective on NIKE from $105.00 to $97.00 and set an "outperform" rating for the company in a report on Monday, December 16th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on NIKE from $92.00 to $82.00 and set a "buy" rating on the stock in a research note on Monday, December 16th. Fourteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, NIKE currently has a consensus rating of "Moderate Buy" and an average target price of $89.77.

Insiders Place Their Bets

In other NIKE news, Director John W. Rogers, Jr. purchased 2,500 shares of NIKE stock in a transaction dated Friday, December 27th. The shares were acquired at an average price of $76.65 per share, with a total value of $191,625.00. Following the completion of the transaction, the director now owns 34,403 shares of the company's stock, valued at $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 SEC, which can be accessed through this link. 1.10% of the stock is owned by insiders.

NIKE Trading Up 0.3 %

Shares of NYSE NKE traded up $0.20 during mid-day trading on Tuesday, reaching $76.79. 8,402,766 shares of the company's stock were exchanged, compared to its average volume of 12,275,093. The company's 50-day moving average is $75.54 and its 200-day moving average is $78.09. 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 firm has a market capitalization of $113.57 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 2.50 and a beta of 1.01. NIKE, Inc. has a 52-week low of $70.32 and a 52-week high of $107.43.

NIKE (NYSE:NKE - Get Free Report) last announced its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.15. The company had revenue of $12.35 billion during the quarter, compared to analyst estimates of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. NIKE's revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 earnings per share. Analysts expect that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were given a $0.40 dividend. This is a positive change from NIKE's previous quarterly dividend of $0.37. The ex-dividend date was Monday, December 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.08%. NIKE's payout ratio is presently 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.