TD Waterhouse Canada Inc. Sells 142,033 Shares of NIKE, Inc. (NYSE:NKE)

TD Waterhouse Canada Inc. cut its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 34.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 264,666 shares of the footwear maker's stock after selling 142,033 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in NIKE were worth $20,033,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of NKE. Heck Capital Advisors LLC bought a new stake in shares of NIKE in the fourth quarter worth $28,000. Caitlin John LLC lifted its position in NIKE by 117.0% during the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock worth $28,000 after buying an additional 200 shares in the last quarter. Roxbury Financial LLC acquired a new position in shares of NIKE during the 4th quarter worth about $30,000. LFA Lugano Financial Advisors SA grew its holdings in shares of 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 acquiring an additional 210 shares in the last quarter. Finally, Hopwood Financial Services Inc. acquired a new stake in shares of NIKE in the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 64.25% of the company's stock.

Analyst Upgrades and Downgrades

NKE has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price target on NIKE from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Friday, March 21st. JPMorgan Chase & Co. lowered their target price on shares of NIKE from $73.00 to $64.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Truist Financial cut their price target on shares of NIKE from $90.00 to $82.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Berenberg Bank started coverage on shares of NIKE in a research note on Tuesday, April 15th. They set a "hold" rating and a $58.00 price objective on the stock. Finally, Citigroup downgraded shares of NIKE from a "buy" rating to a "neutral" rating and cut their target price for the company from $102.00 to $72.00 in a research note on Friday, February 7th. Sixteen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $82.81.

NIKE Price Performance

NKE traded down $0.82 during trading on Friday, hitting $57.66. 17,123,218 shares of the stock traded hands, compared to its average volume of 14,357,069. The business has a 50 day moving average price of $67.15 and a 200 day moving average price of $73.17. The company has a market cap of $85.29 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 2.52 and a beta of 1.15. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $98.04. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.26. The business had revenue of $11.27 billion for the quarter, compared to analyst estimates of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. NIKE's revenue was down 9.1% compared to the same quarter last year. During the same period last year, the firm posted $0.98 earnings per share. Equities research analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were paid a $0.40 dividend. 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%.

Insider Buying and Selling at NIKE

In other NIKE news, Director Robert Holmes Swan bought 8,600 shares of NIKE stock in a transaction on Friday, April 4th. The shares were purchased at an average cost of $58.46 per share, with a total value of $502,756.00. Following the acquisition, the director now directly owns 31,983 shares of the company's stock, valued at $1,869,726.18. The trade was a 36.78 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Mark G. Parker sold 169,732 shares of the firm's stock in a transaction 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 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 disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

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.