NIKE, Inc. (NYSE:NKE) Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co reduced its stake in shares of NIKE, Inc. (NYSE:NKE) by 7.0% in the 4th quarter, HoldingsChannel reports. The firm owned 29,327 shares of the footwear maker’s stock after selling 2,197 shares during the quarter. CENTRAL TRUST Co’s holdings in NIKE were worth $2,219,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund raised its stake in NIKE by 625.4% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 76,900 shares of the footwear maker’s stock valued at $5,796,000 after purchasing an additional 66,299 shares during the last quarter. Centaurus Financial Inc. raised its position in shares of NIKE by 180.8% in the second quarter. Centaurus Financial Inc. now owns 4,490 shares of the footwear maker’s stock valued at $338,000 after buying an additional 2,891 shares during the last quarter. Czech National Bank lifted its stake in shares of NIKE by 6.0% during the third quarter. Czech National Bank now owns 244,750 shares of the footwear maker’s stock valued at $21,636,000 after buying an additional 13,918 shares during the period. Handelsbanken Fonder AB boosted its position in NIKE by 2.3% during the third quarter. Handelsbanken Fonder AB now owns 524,145 shares of the footwear maker’s stock worth $46,334,000 after acquiring an additional 12,020 shares during the last quarter. Finally, Davis Investment Partners LLC purchased a new stake in NIKE in the 3rd quarter worth approximately $1,238,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Stock Performance

NYSE:NKE opened at $76.82 on Monday. The firm has a 50-day moving average of $75.60 and a two-hundred day moving average of $78.03. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The stock has a market cap of $113.62 billion, a P/E ratio of 23.71, a PEG ratio of 2.50 and a beta of 1.01. NIKE, Inc. has a 1-year low of $70.32 and a 1-year high of $107.43.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.15. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The firm had revenue of $12.35 billion during the quarter, compared to the consensus estimate of $12.11 billion. During the same quarter in the prior year, the business posted $1.03 earnings per share. NIKE’s revenue for the quarter was down 7.7% on a year-over-year basis. On average, research analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend was Monday, December 2nd. This is a positive change from NIKE’s previous quarterly dividend of $0.37. NIKE’s payout ratio is 49.38%.

Analyst Upgrades and Downgrades

NKE has been the topic of several analyst reports. Evercore ISI decreased their price objective on NIKE from $105.00 to $97.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Robert W. Baird decreased their price target on NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Monday, December 23rd. Stifel Nicolaus dropped their price objective on shares of NIKE from $79.00 to $75.00 and set a “hold” rating for the company in a research note on Friday, December 20th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of NIKE from $92.00 to $82.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Finally, Truist Financial dropped their price target on shares of NIKE from $97.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Fourteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.96.

Insider Buying and Selling at NIKE

In other news, Director John W. Rogers, Jr. acquired 2,500 shares of the business’s stock in a transaction on Friday, December 27th. The shares were purchased at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the purchase, the director now directly owns 34,403 shares of the company’s stock, valued at $2,636,989.95. This represents a 7.84 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by 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.