NIKE, Inc. (NYSE:NKE) Shares Sold by Capital Investment Counsel Inc

Capital Investment Counsel Inc trimmed its holdings in shares of NIKE, Inc. (NYSE:NKE) by 13.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,068 shares of the footwear maker’s stock after selling 4,269 shares during the period. Capital Investment Counsel Inc’s holdings in NIKE were worth $2,048,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Teachers Insurance & Annuity Association of America acquired a new position in shares of NIKE during the third quarter valued at $30,000. Caitlin John LLC increased its holdings 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 purchasing an additional 200 shares during the period. Heck Capital Advisors LLC acquired a new position in shares of NIKE during the fourth quarter valued at $28,000. Roxbury Financial LLC acquired a new position in shares of NIKE during the fourth quarter valued at $30,000. Finally, Dunhill Financial LLC grew its holdings in NIKE by 52.2% during the third quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker’s stock worth $44,000 after acquiring an additional 169 shares during the period. 64.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NIKE

In other news, Director John W. Rogers, Jr. purchased 2,500 shares of the stock in a transaction that occurred on Friday, December 27th. The stock was acquired at an average price of $76.65 per share, with a total value of $191,625.00. Following the purchase, the director now owns 34,403 shares in the company, valued at $2,636,989.95. This represents a 7.84 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the business’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 completion of the sale, the chairman now directly owns 896,632 shares of the company’s stock, valued at approximately $65,301,708.56. The trade was a 15.92 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

NIKE Trading Up 0.5 %

NYSE:NKE opened at $77.19 on Friday. 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 fifty-two week low of $68.62 and a fifty-two week high of $106.62. The stock’s 50-day moving average is $74.33 and its two-hundred day moving average is $78.05. The stock has a market cap of $114.17 billion, a PE ratio of 23.82, a price-to-earnings-growth ratio of 2.50 and a beta of 1.01.

NIKE (NYSE:NKE) last released its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.15. The company had revenue of $12.35 billion for the quarter, compared to analysts’ expectations of $12.11 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.03 EPS. As a group, equities research analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors 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 annualized dividend and a dividend yield of 2.07%. NIKE’s payout ratio is 49.38%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on NKE shares. DA Davidson raised NIKE to a “strong-buy” rating in a report on Monday, December 23rd. Citigroup lowered NIKE from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $102.00 to $72.00 in a report on Friday, February 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $84.00 target price on shares of NIKE in a report on Friday, February 7th. Piper Sandler raised NIKE from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $72.00 to $90.00 in a report on Friday, January 10th. Finally, Guggenheim reaffirmed a “buy” rating and set a $110.00 target price on shares of NIKE in a report on Wednesday, February 12th. Fifteen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $88.62.

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.