Trust Co. of Vermont Sells 7,984 Shares of NIKE, Inc. (NYSE:NKE)

Trust Co. of Vermont lessened its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 9.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 73,385 shares of the footwear maker's stock after selling 7,984 shares during the period. Trust Co. of Vermont's holdings in NIKE were worth $4,658,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Heck Capital Advisors LLC acquired a new stake in shares of NIKE during the fourth quarter worth $28,000. LFA Lugano Financial Advisors SA lifted its holdings in NIKE by 110.5% in the fourth 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 period. Hopwood Financial Services Inc. bought a new stake in NIKE during the fourth quarter valued at $30,000. EnRich Financial Partners LLC grew its holdings in NIKE by 196.4% during the 4th quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock worth $31,000 after acquiring an additional 273 shares during the period. Finally, Roxbury Financial LLC raised its position in shares of NIKE by 52.1% in the 1st quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker's stock worth $37,000 after acquiring an additional 201 shares in the last quarter. Institutional investors own 64.25% of the company's stock.

NIKE Stock Up 15.3%

NIKE stock traded up $9.55 during trading on Friday, hitting $72.09. 117,428,527 shares of the company were exchanged, compared to its average volume of 15,843,348. The company has a current ratio of 2.19, a quick ratio of 1.52 and a debt-to-equity ratio of 0.57. The business's 50 day moving average is $60.31 and its 200 day moving average is $67.63. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $94.74. The company has a market capitalization of $106.63 billion, a P/E ratio of 23.95, a PEG ratio of 2.23 and a beta of 1.21.

NIKE (NYSE:NKE - Get Free Report) last posted its earnings results on Thursday, June 26th. The footwear maker reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. NIKE had a net margin of 9.43% and a return on equity of 32.18%. The firm had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.69 billion. During the same quarter in the prior year, the business posted $0.99 EPS. The business's revenue was down 11.9% compared to the same quarter last year. Analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

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 $0.40 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.60 annualized dividend and a yield of 2.22%. NIKE's dividend payout ratio (DPR) is 53.16%.

Analysts Set New Price Targets

NKE has been the subject of several recent analyst reports. HSBC raised NIKE from a "hold" rating to a "buy" rating and set a $80.00 target price for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of NIKE from $77.00 to $71.00 and set a "buy" rating for the company in a research report on Friday, June 20th. Citigroup boosted their target price on shares of NIKE from $57.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday. Morgan Stanley raised their price target on shares of NIKE from $61.00 to $64.00 and gave the stock an "equal weight" rating in a report on Friday. Finally, Truist Financial decreased their price target on shares of NIKE from $82.00 to $73.00 and set a "buy" rating for the company in a research note on Tuesday. Fifteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued 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 a consensus target price of $79.33.

Insider Transactions at NIKE

In other NIKE news, Director Robert Holmes Swan bought 8,600 shares of the firm's stock in a transaction dated Friday, April 4th. The stock was purchased at an average cost of $58.46 per share, with a total value of $502,756.00. Following the transaction, the director now directly owns 31,983 shares in the company, valued at $1,869,726.18. This trade represents a 36.78% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company's stock.

NIKE Company 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.