Colonial Trust Advisors Purchases 6,691 Shares of NIKE, Inc. $NKE

Colonial Trust Advisors grew its position in shares of NIKE, Inc. (NYSE:NKE) by 6.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,958 shares of the footwear maker’s stock after buying an additional 6,691 shares during the quarter. Colonial Trust Advisors’ holdings in NIKE were worth $7,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stone House Investment Management LLC bought a new position in shares of NIKE during the 1st quarter valued at $25,000. Heck Capital Advisors LLC bought a new position in shares of NIKE during the 4th quarter valued at $28,000. Roxbury Financial LLC lifted its holdings in shares of NIKE by 52.1% during the 1st quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker’s stock valued at $37,000 after buying an additional 201 shares during the period. N.E.W. Advisory Services LLC bought a new position in shares of NIKE during the 1st quarter valued at $37,000. Finally, Putney Financial Group LLC bought a new position in shares of NIKE during the 4th quarter valued at $40,000. 64.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Truist Financial lowered their price target on NIKE from $82.00 to $73.00 and set a “buy” rating on the stock in a report on Tuesday, June 24th. UBS Group initiated coverage on NIKE in a report on Sunday, July 6th. They set a “buy” rating on the stock. Evercore ISI decreased their target price on NIKE from $97.00 to $75.00 and set an “outperform” rating on the stock in a report on Tuesday, June 24th. Wall Street Zen cut NIKE from a “hold” rating to a “sell” rating in a report on Friday, June 27th. Finally, Bank of America raised their target price on NIKE from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, June 27th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $78.22.

NIKE Trading Up 0.6%

Shares of NIKE stock opened at $77.43 on Tuesday. The firm has a market cap of $114.36 billion, a price-to-earnings ratio of 35.85, a PEG ratio of 2.80 and a beta of 1.27. The business has a 50-day moving average price of $71.36 and a 200-day moving average price of $67.56. The company has a quick ratio of 1.50, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $90.62.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.69 billion. NIKE had a return on equity of 23.33% and a net margin of 6.95%. The business’s quarterly revenue was down 11.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 earnings per share. Equities research analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.1%. NIKE’s dividend payout ratio (DPR) is presently 74.07%.

Insider Buying and Selling at NIKE

In other news, Chairman Mark G. Parker sold 110,000 shares of the firm’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total transaction of $7,951,900.00. Following the completion of the transaction, the chairman owned 842,361 shares in the company, valued at $60,894,276.69. This trade represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.80% of the stock is currently owned by insiders.

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.