Atria Investments Inc lowered its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 29.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,067 shares of the footwear maker's stock after selling 23,294 shares during the period. Atria Investments Inc's holdings in NIKE were worth $4,318,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Heck Capital Advisors LLC purchased a new stake in shares of NIKE during the fourth quarter worth $28,000. Caitlin John LLC raised its stake in shares of NIKE by 117.0% during the 4th 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 period. Teachers Insurance & Annuity Association of America purchased a new stake in NIKE during the 3rd quarter worth about $30,000. Roxbury Financial LLC bought a new position in NIKE in the 4th quarter worth about $30,000. Finally, BankPlus Trust Department purchased a new position in NIKE during the 4th quarter valued at about $34,000. 64.25% of the stock is owned by institutional investors.
Several research analysts have commented on NKE shares. Wells Fargo & Company cut their price target on shares of NIKE from $95.00 to $92.00 and set an "overweight" rating for the company in a report on Monday, December 16th. Truist Financial lowered their price target on NIKE from $97.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, December 20th. Telsey Advisory Group reissued a "market perform" rating and set a $80.00 price objective on shares of NIKE in a report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of NIKE from $92.00 to $82.00 and set a "buy" rating on the stock in a report on Monday, December 16th. Finally, DA Davidson upgraded shares of NIKE to a "strong-buy" rating in a research report on Monday, December 23rd. Fourteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, NIKE presently has an average rating of "Moderate Buy" and a consensus price target of $89.77.
Read Our Latest Stock Report on NIKE
NKE stock traded up $0.97 during trading on Friday, hitting $78.68. 9,290,674 shares of the stock traded hands, compared to its average volume of 13,157,869. The stock has a market cap of $116.38 billion, a price-to-earnings ratio of 24.28, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. 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 1 year low of $68.62 and a 1 year high of $102.49. The firm's 50 day moving average is $74.76 and its two-hundred day moving average is $78.21.
NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm had revenue of $12.35 billion for the quarter, compared to analysts' expectations of $12.11 billion. During the same quarter in the prior year, the company posted $1.03 earnings per share. The business's revenue for the quarter was down 7.7% on a year-over-year basis. On average, sell-side analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE's payout ratio is 49.38%.
In related news, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the transaction, the chairman now owns 896,632 shares in the company, valued at $65,301,708.56. This represents a 15.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John W. Rogers, Jr. bought 2,500 shares of the company's stock in a transaction that occurred on 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 acquisition, the director now directly owns 34,403 shares of the company's stock, valued at $2,636,989.95. The trade was a 7.84 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company's stock.
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.
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