Nicholas Hoffman & Company LLC. Sells 924 Shares of NIKE, Inc. (NYSE:NKE)

Nicholas Hoffman & Company LLC. lessened its position in NIKE, Inc. (NYSE:NKE) by 24.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,884 shares of the footwear maker’s stock after selling 924 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in NIKE were worth $218,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NKE. Heck Capital Advisors LLC bought a new stake in shares of NIKE in the 4th quarter worth $28,000. Caitlin John LLC boosted its position in shares of NIKE by 117.0% during the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock valued at $28,000 after buying an additional 200 shares during the last quarter. Teachers Insurance & Annuity Association of America bought a new stake in NIKE in the 3rd quarter worth about $30,000. Roxbury Financial LLC purchased a new position in NIKE in the 4th quarter worth about $30,000. Finally, Dunhill Financial LLC lifted its stake in NIKE by 52.2% during the 3rd quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker’s stock valued at $44,000 after acquiring an additional 169 shares during the period. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on NKE shares. Truist Financial reduced their price target on shares of NIKE from $97.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Telsey Advisory Group reissued a “market perform” rating and set a $80.00 price target on shares of NIKE in a report on Thursday, February 6th. Guggenheim reaffirmed a “buy” rating and issued a $110.00 price objective on shares of NIKE in a report on Wednesday, February 12th. JPMorgan Chase & Co. dropped their target price on NIKE from $77.00 to $73.00 and set a “neutral” rating on the stock in a research report on Monday, December 2nd. Finally, Piper Sandler raised shares of NIKE from a “neutral” rating to an “overweight” rating and upped their price target for the company from $72.00 to $90.00 in a research report on Friday, January 10th. Fifteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $88.62.

Insider Activity at NIKE

In related news, Director John W. Rogers, Jr. acquired 2,500 shares of the stock in a transaction dated Friday, December 27th. The stock was acquired at an average cost of $76.65 per share, with a total value of $191,625.00. Following the purchase, the director now directly owns 34,403 shares of the company’s stock, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by insiders.

NIKE Price Performance

Shares of NIKE stock opened at $73.02 on Tuesday. The firm has a market cap of $108.00 billion, a PE ratio of 22.54, a PEG ratio of 2.34 and a beta of 1.01. The stock has a 50 day moving average of $74.46 and a 200 day moving average of $78.05. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 12 month low of $68.62 and a 12 month high of $107.34.

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

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE’s dividend payout ratio is 49.38%.

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.