Pathstone Holdings LLC Sells 20,835 Shares of NIKE, Inc. (NYSE:NKE)

Pathstone Holdings LLC trimmed its position in NIKE, Inc. (NYSE:NKE - Free Report) by 10.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 184,755 shares of the footwear maker's stock after selling 20,835 shares during the period. Pathstone Holdings LLC's holdings in NIKE were worth $13,999,000 at the end of the most recent quarter.

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

Insider Activity at NIKE

In other news, Director Robert Holmes Swan bought 8,600 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was acquired 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 of the company's stock, valued at approximately $1,869,726.18. This represents a 36.78% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by company insiders.

NIKE Stock Performance

Shares of NYSE:NKE traded down $1.08 during trading on Monday, hitting $62.03. 15,079,171 shares of the stock were exchanged, compared to its average volume of 14,834,863. The company's fifty day simple moving average is $61.07 and its 200-day simple moving average is $70.66. 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 company has a market capitalization of $91.75 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $98.04.

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

NIKE Announces Dividend

The firm also recently announced 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Monday, June 2nd. NIKE's dividend payout ratio is presently 53.16%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NKE. Stifel Nicolaus dropped their price objective on NIKE from $75.00 to $64.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. Wells Fargo & Company lifted their target price on shares of NIKE from $55.00 to $60.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Piper Sandler cut their target price on shares of NIKE from $90.00 to $70.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Morgan Stanley lowered their target price on shares of NIKE from $72.00 to $70.00 and set an "equal weight" rating on the stock in a research note on Friday, March 21st. Finally, BMO Capital Markets decreased their price target on shares of NIKE from $95.00 to $92.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Seventeen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $80.30.

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.