NIKE, Inc. (NYSE:NKE) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,088,823 shares of the footwear maker's stock after selling 112,109 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.53% of NIKE worth $859,436,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NKE. Excalibur Management Corp lifted its position in shares of NIKE by 1.9% during the third quarter. Excalibur Management Corp now owns 5,148 shares of the footwear maker's stock worth $492,000 after purchasing an additional 98 shares in the last quarter. Cairn Investment Group Inc. lifted its holdings in NIKE by 4.2% during the 3rd quarter. Cairn Investment Group Inc. now owns 2,500 shares of the footwear maker's stock worth $239,000 after buying an additional 100 shares in the last quarter. Tiemann Investment Advisors LLC lifted its holdings in NIKE by 3.1% during the 3rd quarter. Tiemann Investment Advisors LLC now owns 3,340 shares of the footwear maker's stock worth $319,000 after buying an additional 100 shares in the last quarter. Piscataqua Savings Bank boosted its position in NIKE by 2.1% in the 4th quarter. Piscataqua Savings Bank now owns 4,861 shares of the footwear maker's stock valued at $528,000 after buying an additional 100 shares during the period. Finally, Physicians Financial Services Inc. grew its stake in shares of NIKE by 0.6% in the fourth quarter. Physicians Financial Services Inc. now owns 16,077 shares of the footwear maker's stock worth $1,745,000 after acquiring an additional 100 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NIKE

In other news, EVP Monique S. Matheson sold 45,000 shares of the business's stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $94.16, for a total transaction of $4,237,200.00. Following the transaction, the executive vice president now directly owns 44,997 shares in the company, valued at $4,236,917.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.50% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NKE. Bank of America upgraded NIKE from a "neutral" rating to a "buy" rating and increased their price objective for the company from $110.00 to $113.00 in a research note on Thursday, April 11th. Robert W. Baird decreased their price objective on NIKE from $140.00 to $125.00 and set an "outperform" rating for the company in a research note on Friday, March 22nd. Citigroup lowered their price objective on NIKE from $135.00 to $125.00 and set a "buy" rating for the company in a research report on Thursday, March 14th. UBS Group reduced their target price on shares of NIKE from $138.00 to $125.00 and set a "buy" rating on the stock in a report on Friday, March 22nd. Finally, Piper Sandler lowered their price target on shares of NIKE from $107.00 to $98.00 and set a "neutral" rating for the company in a report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $116.26.

NIKE Stock Performance

NKE traded down $0.19 on Wednesday, hitting $93.59. 5,372,445 shares of the company traded hands, compared to its average volume of 9,174,146. NIKE, Inc. has a 12-month low of $88.66 and a 12-month high of $126.46. The company has a 50 day moving average of $95.28 and a 200-day moving average of $102.91. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $141.26 billion, a PE ratio of 27.53, a PEG ratio of 1.78 and a beta of 1.07.

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

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders 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 dividend on an annualized basis and a yield of 1.58%. NIKE's payout ratio is currently 43.53%.

About NIKE

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.