NIKE, Inc. (NYSE:NKE) Shares Sold by Cordatus Wealth Management LLC

Cordatus Wealth Management LLC lessened its holdings in shares of NIKE, Inc. (NYSE:NKE) by 51.4% during the fourth quarter, HoldingsChannel reports. The fund owned 20,176 shares of the footwear maker’s stock after selling 21,334 shares during the period. Cordatus Wealth Management LLC’s holdings in NIKE were worth $1,527,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NKE. Heck Capital Advisors LLC acquired a new stake in NIKE in the fourth quarter valued at $28,000. Caitlin John LLC grew its holdings in NIKE by 117.0% in the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. Teachers Insurance & Annuity Association of America acquired a new stake in NIKE in the third quarter valued at $30,000. Roxbury Financial LLC acquired a new stake in NIKE in the fourth quarter valued at $30,000. Finally, Bank of Jackson Hole Trust acquired a new stake in NIKE in the fourth quarter valued at $43,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Activity

In other NIKE news, Director John W. Rogers, Jr. acquired 2,500 shares of the stock in a transaction on Friday, December 27th. The stock was purchased at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the purchase, the director now directly owns 34,403 shares in the company, valued at $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Mark G. Parker sold 169,732 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $72.83, for a total value of $12,361,581.56. Following the sale, the chairman now owns 896,632 shares of the company’s stock, valued at approximately $65,301,708.56. This trade represents a 15.92 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

NIKE Stock Performance

Shares of NYSE:NKE opened at $77.19 on Friday. The firm has a market capitalization of $114.17 billion, a PE ratio of 23.82, 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. The business has a 50-day moving average of $74.33 and a two-hundred day moving average of $78.05. NIKE, Inc. has a 12 month low of $68.62 and a 12 month high of $106.62.

NIKE (NYSE:NKE) last posted its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (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 business had revenue of $12.35 billion during the quarter, compared to analyst estimates of $12.11 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. As a group, research analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be paid a $0.40 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.07%. NIKE’s dividend payout ratio (DPR) is currently 49.38%.

Analyst Ratings Changes

Several research firms have weighed in on NKE. DA Davidson raised NIKE to a “strong-buy” rating in a report on Monday, December 23rd. Morgan Stanley lowered their target price on NIKE from $80.00 to $74.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Stifel Nicolaus reduced their price objective on NIKE from $79.00 to $75.00 and set a “hold” rating on the stock in a research report on Friday, December 20th. Telsey Advisory Group restated a “market perform” rating and issued a $80.00 price objective on shares of NIKE in a research report on Wednesday. Finally, Piper Sandler upgraded NIKE from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $72.00 to $90.00 in a research report on Friday, January 10th. Fifteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.62.

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.