NIKE, Inc. (NYSE:NKE) Shares Sold by Windward Capital Management Co. CA

Windward Capital Management Co. CA cut its position in shares of NIKE, Inc. (NYSE:NKE) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 311,867 shares of the footwear maker’s stock after selling 1,905 shares during the quarter. NIKE makes up 1.8% of Windward Capital Management Co. CA’s investment portfolio, making the stock its 16th largest position. Windward Capital Management Co. CA’s holdings in NIKE were worth $23,599,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of NKE. Mather Group LLC. lifted its stake in shares of NIKE by 14.4% during the 4th quarter. Mather Group LLC. now owns 30,012 shares of the footwear maker’s stock worth $2,271,000 after purchasing an additional 3,782 shares during the period. Commonwealth Financial Services LLC acquired a new position in NIKE in the fourth quarter valued at $208,000. Tempus Wealth Planning LLC lifted its position in NIKE by 19.2% during the fourth quarter. Tempus Wealth Planning LLC now owns 5,834 shares of the footwear maker’s stock worth $441,000 after buying an additional 940 shares during the period. Calamos Advisors LLC boosted its stake in NIKE by 30.9% in the 4th quarter. Calamos Advisors LLC now owns 349,898 shares of the footwear maker’s stock worth $26,477,000 after buying an additional 82,500 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT boosted its stake in NIKE by 19.0% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 9,147 shares of the footwear maker’s stock worth $692,000 after buying an additional 1,459 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Activity at NIKE

In other news, Director John W. Rogers, Jr. purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The stock was acquired at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the purchase, the director now owns 34,403 shares of the company’s stock, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Barclays cut their price objective on shares of NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. BMO Capital Markets increased their price target on shares of NIKE from $92.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday. Piper Sandler raised shares of NIKE from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $72.00 to $90.00 in a research note on Friday, January 10th. Robert W. Baird cut their target price on NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Monday, December 23rd. Finally, Stifel Nicolaus lowered their price target on NIKE from $79.00 to $75.00 and set a “hold” rating for the company in a research report on Friday, December 20th. Fourteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $89.77.

NIKE Stock Up 0.3 %

Shares of NIKE stock opened at $76.79 on Wednesday. NIKE, Inc. has a 1-year low of $70.32 and a 1-year high of $107.43. The company has a market capitalization of $113.57 billion, a PE ratio of 23.70, 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 $75.54 and a 200-day moving average of $78.09.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share 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 firm 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 EPS. NIKE’s quarterly revenue was down 7.7% on a year-over-year basis. As a group, equities analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend was Monday, December 2nd. This is a positive change from NIKE’s previous quarterly dividend of $0.37. NIKE’s payout ratio is 49.38%.

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.