NIKE, Inc. (NYSE:NKE) Shares Sold by First National Trust Co

First National Trust Co lowered its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 65.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 18,234 shares of the footwear maker's stock after selling 34,794 shares during the period. First National Trust Co's holdings in NIKE were worth $1,980,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oliver Luxxe Assets LLC lifted its stake in shares of NIKE by 2.9% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 37,510 shares of the footwear maker's stock worth $3,587,000 after purchasing an additional 1,041 shares during the period. Louisiana State Employees Retirement System bought a new position in shares of NIKE in the 4th quarter worth approximately $8,034,000. Financial Gravity Asset Management Inc. lifted its stake in shares of NIKE by 2,332.5% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 184,042 shares of the footwear maker's stock worth $17,598,000 after purchasing an additional 176,476 shares during the period. International Assets Investment Management LLC lifted its stake in shares of NIKE by 10,184.3% in the 4th quarter. International Assets Investment Management LLC now owns 388,131 shares of the footwear maker's stock worth $42,139,000 after purchasing an additional 384,357 shares during the period. Finally, Franklin Street Advisors Inc. NC lifted its stake in shares of NIKE by 55.6% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 194,164 shares of the footwear maker's stock worth $21,080,000 after purchasing an additional 69,363 shares during the period. Institutional investors own 64.25% of the company's stock.

Analyst Upgrades and Downgrades

NKE has been the topic of a number of recent analyst reports. HSBC decreased their target price on shares of NIKE from $120.00 to $115.00 and set a "hold" rating on the stock in a research note on Monday, January 22nd. Piper Sandler decreased their target price on shares of NIKE from $107.00 to $98.00 and set a "neutral" rating on the stock in a research note on Friday, March 22nd. Jefferies Financial Group decreased their target price on shares of NIKE from $110.00 to $100.00 and set a "hold" rating on the stock in a research note on Friday, March 22nd. UBS Group decreased their target price on shares of NIKE from $138.00 to $125.00 and set a "buy" rating on the stock in a research note on Friday, March 22nd. Finally, The Goldman Sachs Group decreased their target price on shares of NIKE from $135.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $116.26.

NIKE Trading Down 0.3 %

NKE traded down $0.26 during trading on Friday, reaching $92.15. The company had a trading volume of 5,736,711 shares, compared to its average volume of 8,740,078. The stock has a market cap of $139.09 billion, a P/E ratio of 27.10, a PEG ratio of 1.78 and a beta of 1.07. The business has a 50 day simple moving average of $95.73 and a 200-day simple moving average of $103.05. NIKE, Inc. has a 52 week low of $88.66 and a 52 week high of $127.69. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.29. The company had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. On average, equities analysts anticipate that NIKE, Inc. will post 3.73 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be given a dividend of $0.37 per share. The ex-dividend date is Monday, June 3rd. This represents a $1.48 annualized dividend and a dividend yield of 1.61%. NIKE's dividend payout ratio (DPR) is 43.53%.

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.