GPS Wealth Strategies Group LLC Has $117,000 Stake in NIKE, Inc. (NYSE:NKE)

GPS Wealth Strategies Group LLC lowered its stake in shares of NIKE, Inc. (NYSE:NKE) by 19.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,552 shares of the footwear maker’s stock after selling 373 shares during the period. GPS Wealth Strategies Group LLC’s holdings in NIKE were worth $117,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Czech National Bank raised its stake in shares of NIKE by 6.0% in the third quarter. Czech National Bank now owns 244,750 shares of the footwear maker’s stock valued at $21,636,000 after acquiring an additional 13,918 shares during the last quarter. Davis Investment Partners LLC bought a new position in NIKE in the 3rd quarter valued at $1,238,000. Everpar Advisors LLC acquired a new position in NIKE in the third quarter worth $202,000. Smith Anglin Financial LLC increased its stake in shares of NIKE by 5.9% in the third quarter. Smith Anglin Financial LLC now owns 8,402 shares of the footwear maker’s stock valued at $743,000 after buying an additional 466 shares in the last quarter. Finally, Chemistry Wealth Management LLC bought a new position in shares of NIKE in the third quarter valued at about $3,373,000. Institutional investors own 64.25% of the company’s stock.

Insider Transactions at NIKE

In other news, Director John W. Rogers, Jr. purchased 2,500 shares of the business’s stock in a transaction dated Friday, December 27th. The stock was bought at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the purchase, the director now owns 34,403 shares of the company’s stock, valued at $2,636,989.95. The trade was a 7.84 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

NKE has been the topic of several research analyst reports. Robert W. Baird decreased their price target on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Monday, December 23rd. JPMorgan Chase & Co. lowered their price target on NIKE from $77.00 to $73.00 and set a “neutral” rating for the company in a research note on Monday, December 2nd. UBS Group reaffirmed a “neutral” rating and set a $73.00 price objective on shares of NIKE in a research note on Thursday, December 26th. Truist Financial decreased their price objective on NIKE from $97.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Finally, BMO Capital Markets raised their target price on shares of NIKE from $92.00 to $95.00 and gave the stock an “outperform” rating in a report on Monday. Fourteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.77.

NIKE Trading Down 0.4 %

NKE opened at $76.61 on Tuesday. The firm has a market capitalization of $113.32 billion, a PE ratio of 23.65, a P/E/G ratio of 2.50 and a beta of 1.01. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. NIKE, Inc. has a fifty-two week low of $70.32 and a fifty-two week high of $107.43. The company’s 50-day moving average is $75.60 and its 200 day moving average is $78.06.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, beating the consensus estimate of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company 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 company posted $1.03 earnings per share. The firm’s revenue for the quarter was down 7.7% on a year-over-year basis. As a group, research analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were given a dividend of $0.40 per share. This is an increase from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend was Monday, December 2nd. NIKE’s dividend payout ratio is currently 49.38%.

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.