Kesler Norman & Wride LLC Sells 2,482 Shares of NIKE, Inc. (NYSE:NKE)

Kesler Norman & Wride LLC lessened its position in NIKE, Inc. (NYSE:NKE) by 44.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,114 shares of the footwear maker’s stock after selling 2,482 shares during the quarter. Kesler Norman & Wride LLC’s holdings in NIKE were worth $236,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. RFG Bristol Wealth Advisors LLC acquired a new position in shares of NIKE during the 4th quarter worth about $584,000. Meeder Advisory Services Inc. increased its position in NIKE by 6.0% in the 4th quarter. Meeder Advisory Services Inc. now owns 19,695 shares of the footwear maker’s stock worth $1,490,000 after buying an additional 1,122 shares during the period. Headlands Technologies LLC lifted its holdings in shares of NIKE by 212.7% during the fourth quarter. Headlands Technologies LLC now owns 30,454 shares of the footwear maker’s stock worth $2,304,000 after buying an additional 20,714 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of NIKE by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 25,376,558 shares of the footwear maker’s stock valued at $1,915,110,000 after acquiring an additional 347,178 shares during the period. Finally, Franklin Resources Inc. grew its stake in shares of NIKE by 22.8% in the fourth quarter. Franklin Resources Inc. now owns 7,628,256 shares of the footwear maker’s stock worth $577,230,000 after acquiring an additional 1,418,839 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Buying and Selling

In other news, Chairman Mark G. Parker sold 169,732 shares of the firm’s stock in a transaction dated 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Bank of America cut their target price on shares of NIKE from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, December 20th. UBS Group reduced their target price on shares of NIKE from $73.00 to $66.00 and set a “neutral” rating for the company in a research note on Friday, March 21st. Morgan Stanley decreased their target price on NIKE from $72.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, March 21st. Telsey Advisory Group reiterated a “market perform” rating and issued a $80.00 price objective on shares of NIKE in a research report on Monday, March 17th. Finally, Piper Sandler upgraded NIKE from a “neutral” rating to an “overweight” rating and upped their target price for the company from $72.00 to $90.00 in a research note on Friday, January 10th. Fifteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.38.

NIKE Trading Up 0.4 %

Shares of NYSE NKE opened at $65.04 on Thursday. NIKE, Inc. has a 1-year low of $58.91 and a 1-year high of $98.04. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average of $73.66 and a two-hundred day moving average of $76.64. The company has a market cap of $96.20 billion, a PE ratio of 20.07, a P/E/G ratio of 2.52 and a beta of 1.02.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.26. The firm had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $11.02 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 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 EPS. As a group, equities analysts expect 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 was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Monday, March 3rd. NIKE’s dividend payout ratio is 53.16%.

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.