First Financial Corp IN Sells 145 Shares of NIKE, Inc. (NYSE:NKE)

First Financial Corp IN reduced its holdings in shares of NIKE, Inc. (NYSE:NKE) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,836 shares of the footwear maker’s stock after selling 145 shares during the quarter. First Financial Corp IN’s holdings in NIKE were worth $820,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Prosperity Consulting Group LLC increased its stake in shares of NIKE by 12.9% during the 2nd quarter. Prosperity Consulting Group LLC now owns 3,309 shares of the footwear maker’s stock worth $249,000 after purchasing an additional 379 shares during the last quarter. J.W. Cole Advisors Inc. grew its holdings in NIKE by 5.1% during the second quarter. J.W. Cole Advisors Inc. now owns 11,171 shares of the footwear maker’s stock valued at $842,000 after purchasing an additional 543 shares during the period. Quilter Plc increased its position in NIKE by 10.0% in the second quarter. Quilter Plc now owns 389,224 shares of the footwear maker’s stock worth $29,336,000 after buying an additional 35,277 shares during the last quarter. Fairfield Financial Advisors LTD bought a new stake in shares of NIKE in the second quarter valued at $102,000. Finally, Marble Harbor Investment Counsel LLC lifted its position in shares of NIKE by 2.0% during the 2nd quarter. Marble Harbor Investment Counsel LLC now owns 8,835 shares of the footwear maker’s stock valued at $666,000 after buying an additional 175 shares during the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Truist Financial decreased their price objective on NIKE from $97.00 to $90.00 and set a “buy” rating for the company in a report on Friday, December 20th. Wells Fargo & Company lowered their price target on shares of NIKE from $95.00 to $92.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Jefferies Financial Group raised their price objective on shares of NIKE from $80.00 to $85.00 and gave the stock a “hold” rating in a report on Monday, September 30th. Barclays lowered their target price 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. Finally, Royal Bank of Canada dropped their target price on NIKE from $82.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 7th. Fourteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $89.96.

Insider Buying and Selling

In related news, Director John W. Rogers, Jr. acquired 2,500 shares of NIKE stock in a transaction dated Friday, December 27th. The shares were purchased at an average cost of $76.65 per share, with a total value of $191,625.00. Following the completion of the purchase, the director now owns 34,403 shares of the company’s stock, valued at $2,636,989.95. This represents a 7.84 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by corporate insiders.

NIKE Trading Up 1.3 %

Shares of NKE stock opened at $72.16 on Tuesday. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.57. The firm has a market cap of $106.73 billion, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 1.89 and a beta of 1.02. The business has a 50-day moving average price of $76.19 and a two-hundred day moving average price of $78.09. NIKE, Inc. has a 12-month low of $70.75 and a 12-month high of $107.43.

NIKE (NYSE:NKE) last released its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.15. NIKE had a return on equity of 39.84% and a net margin of 10.60%. The company had revenue of $12.35 billion during the quarter, compared to the consensus estimate of $12.11 billion. During the same quarter in the previous year, the company posted $1.03 EPS. NIKE’s quarterly revenue was down 7.7% compared to the same quarter last year. Equities analysts anticipate that NIKE, Inc. will post 2.72 EPS for the current fiscal year.

NIKE Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.22%. This is a positive change from NIKE’s previous quarterly dividend of $0.37. NIKE’s dividend payout ratio (DPR) is currently 49.38%.

NIKE 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.