NIKE, Inc. (NYSE:NKE) Shares Sold by Coston McIsaac & Partners

Coston McIsaac & Partners trimmed its stake in shares of NIKE, Inc. (NYSE:NKE) by 5.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,275 shares of the footwear maker’s stock after selling 3,423 shares during the quarter. NIKE comprises 1.3% of Coston McIsaac & Partners’ investment portfolio, making the stock its 27th biggest holding. Coston McIsaac & Partners’ holdings in NIKE were worth $4,256,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Sunbelt Securities Inc. lifted its stake in shares of NIKE by 5.9% in the 2nd quarter. Sunbelt Securities Inc. now owns 3,615 shares of the footwear maker’s stock worth $272,000 after acquiring an additional 203 shares during the period. Quarry LP increased its stake in shares of NIKE by 55.7% during the second quarter. Quarry LP now owns 1,517 shares of the footwear maker’s stock worth $114,000 after acquiring an additional 543 shares during the period. Regal Investment Advisors LLC lifted its position in NIKE by 7.1% in the second quarter. Regal Investment Advisors LLC now owns 8,076 shares of the footwear maker’s stock valued at $609,000 after purchasing an additional 535 shares during the period. Truist Financial Corp boosted its holdings in NIKE by 120.1% in the 2nd quarter. Truist Financial Corp now owns 1,430,625 shares of the footwear maker’s stock valued at $107,826,000 after purchasing an additional 780,507 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in NIKE by 6.8% during the 2nd quarter. Cetera Investment Advisers now owns 230,215 shares of the footwear maker’s stock worth $17,351,000 after purchasing an additional 14,584 shares during the period. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NIKE

In other NIKE news, Director John W. Rogers, Jr. bought 2,500 shares of the company’s stock in a transaction dated Friday, December 27th. The shares were acquired at an average cost of $76.65 per share, with a total value of $191,625.00. Following the completion of the transaction, the director now owns 34,403 shares in the company, valued at $2,636,989.95. The trade was a 7.84 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.10% of the company’s stock.

NIKE Trading Up 3.0 %

NKE stock opened at $76.65 on Thursday. NIKE, Inc. has a 52 week low of $70.32 and a 52 week high of $107.43. The company has a market cap of $113.38 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 2.36 and a beta of 1.02. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The business has a fifty day simple moving average of $75.48 and a 200-day simple moving average of $77.96.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, topping 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 company had revenue of $12.35 billion for the quarter, compared to the consensus estimate of $12.11 billion. During the same period last year, the business posted $1.03 EPS. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. On average, equities research analysts expect that NIKE, Inc. will post 2.1 EPS for the current year.

NIKE Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were paid 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 annualized dividend and a yield of 2.09%. The ex-dividend date was Monday, December 2nd. NIKE’s payout ratio is currently 49.38%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. DA Davidson raised NIKE to a “strong-buy” rating in a report on Monday, December 23rd. Needham & Company LLC restated a “buy” rating and set a $84.00 target price on shares of NIKE in a research report on Friday, December 20th. Deutsche Bank Aktiengesellschaft cut their price target on shares of NIKE from $92.00 to $82.00 and set a “buy” rating for the company in a report on Monday, December 16th. Stifel Nicolaus reduced 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. Finally, Piper Sandler upgraded shares of NIKE from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $72.00 to $90.00 in a research report on Friday, January 10th. Fourteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $89.96.

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.