YHB Investment Advisors Inc. Reduces Stock Position in NIKE, Inc. (NYSE:NKE)

YHB Investment Advisors Inc. lowered its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 24.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 27,878 shares of the footwear maker's stock after selling 9,080 shares during the period. YHB Investment Advisors Inc.'s holdings in NIKE were worth $1,770,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new stake in shares of NIKE during the fourth quarter valued at approximately $28,000. LFA Lugano Financial Advisors SA raised its holdings in NIKE by 110.5% during 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. Hopwood Financial Services Inc. purchased a new stake in NIKE during the 4th quarter valued at $30,000. EnRich Financial Partners LLC boosted its position in NIKE by 196.4% during the 4th quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock valued at $31,000 after buying an additional 273 shares during the period. Finally, BankPlus Trust Department bought a new stake in NIKE in the 4th quarter worth $34,000. Hedge funds and other institutional investors own 64.25% of the company's stock.

Analysts Set New Price Targets

NKE has been the subject of several recent analyst reports. Barclays lowered their price objective on shares of NIKE from $60.00 to $53.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. JPMorgan Chase & Co. lowered their price target on NIKE from $64.00 to $56.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Evercore ISI dropped their price objective on NIKE from $97.00 to $75.00 and set an "outperform" rating for the company in a report on Tuesday. Cfra Research upgraded NIKE to a "moderate buy" rating in a research report on Friday, March 21st. Finally, Piper Sandler decreased their target price on NIKE from $90.00 to $70.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Sixteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, NIKE currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.59.

NIKE Stock Down 0.9%

Shares of NYSE:NKE traded down $0.58 on Wednesday, hitting $60.84. 12,144,584 shares of the company traded hands, compared to its average volume of 15,293,621. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $97.64. The company has a quick ratio of 1.52, a current ratio of 2.19 and a debt-to-equity ratio of 0.57. The stock has a 50 day simple moving average of $60.02 and a 200-day simple moving average of $67.78. The company has a market cap of $89.99 billion, a PE ratio of 20.21, a PEG ratio of 2.16 and a beta of 1.21.

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 paid a dividend of $0.40 per share. 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 2.63%. NIKE's dividend payout ratio is currently 53.16%.

Insider Buying and Selling at NIKE

In other NIKE news, Director Robert Holmes Swan bought 8,600 shares of the business's stock in a transaction on Friday, April 4th. The shares were acquired at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the purchase, the director now owns 31,983 shares in the company, valued at approximately $1,869,726.18. This trade represents a 36.78% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by company 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.