NIKE, Inc. (NYSE:NKE) Shares Sold by Brown Shipley& Co Ltd

Brown Shipley& Co Ltd cut its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 7.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,859 shares of the footwear maker's stock after selling 4,320 shares during the quarter. NIKE makes up approximately 2.0% of Brown Shipley& Co Ltd's holdings, making the stock its 17th largest holding. Brown Shipley& Co Ltd's holdings in NIKE were worth $4,076,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NKE. Klein Pavlis & Peasley Financial Inc. boosted its position in shares of NIKE by 31.1% in the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 25,835 shares of the footwear maker's stock worth $1,955,000 after purchasing an additional 6,124 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of NIKE by 1,302.7% in the 4th quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker's stock worth $196,901,000 after purchasing an additional 2,416,601 shares in the last quarter. Capitolis Liquid Global Markets LLC boosted its holdings in NIKE by 40.9% in the 4th quarter. Capitolis Liquid Global Markets LLC now owns 310,000 shares of the footwear maker's stock worth $23,458,000 after buying an additional 90,000 shares during the period. Stonegate Investment Group LLC boosted its holdings in NIKE by 18.5% in the 4th quarter. Stonegate Investment Group LLC now owns 670,616 shares of the footwear maker's stock worth $50,746,000 after buying an additional 104,786 shares during the period. Finally, Crews Bank & Trust bought a new position in shares of NIKE during the 4th quarter valued at about $623,000. Hedge funds and other institutional investors own 64.25% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. The Goldman Sachs Group dropped their price objective on shares of NIKE from $88.00 to $72.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Williams Trading reduced their price objective on shares of NIKE from $93.00 to $73.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Citigroup reduced their target price on shares of NIKE from $72.00 to $57.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. China Renaissance started coverage on shares of NIKE in a research note on Wednesday, March 19th. They set a "hold" rating on the stock. Finally, Truist Financial dropped their price objective on shares of NIKE from $90.00 to $82.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Seventeen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $80.26.

NIKE Stock Performance

Shares of NIKE stock traded down $1.30 during trading on Friday, hitting $60.02. 14,271,999 shares of the company's stock were exchanged, compared to its average volume of 14,972,313. 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 has a 50-day simple moving average of $59.88 and a 200-day simple moving average of $70.15. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $98.04. The stock has a market capitalization of $88.78 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 2.52 and a beta of 1.23.

NIKE (NYSE:NKE - Get Free Report) last issued its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.26. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm had revenue of $11.27 billion during the quarter, compared to analysts' expectations of $11.02 billion. During the same quarter last year, the company posted $0.98 earnings per share. The firm's revenue was down 9.1% compared to the same quarter last year. On average, research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.67%. NIKE's payout ratio is 53.16%.

Insider Buying and Selling at NIKE

In related news, Director Robert Holmes Swan bought 8,600 shares of the business's stock in a transaction dated Friday, April 4th. The stock was acquired at an average price of $58.46 per share, with a total value of $502,756.00. Following the completion of the purchase, the director now directly owns 31,983 shares of the company's stock, valued at approximately $1,869,726.18. This trade represents a 36.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.

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.