NIKE, Inc. (NYSE:NKE) Shares Sold by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA decreased its position in NIKE, Inc. (NYSE:NKE) by 37.5% in the 4th quarter, HoldingsChannel reports. The firm owned 81,335 shares of the footwear maker’s stock after selling 48,697 shares during the period. Compagnie Lombard Odier SCmA’s holdings in NIKE were worth $6,155,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Catalyst Financial Partners LLC increased its stake in shares of NIKE by 12.5% during the 4th quarter. Catalyst Financial Partners LLC now owns 3,665 shares of the footwear maker’s stock valued at $277,000 after acquiring an additional 407 shares during the last quarter. IMS Capital Management increased its stake in shares of NIKE by 8.8% during the 4th quarter. IMS Capital Management now owns 24,113 shares of the footwear maker’s stock valued at $1,825,000 after acquiring an additional 1,952 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in shares of NIKE by 3.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 598,091 shares of the footwear maker’s stock valued at $45,706,000 after acquiring an additional 18,946 shares during the last quarter. Life Planning Partners Inc acquired a new position in shares of NIKE during the 4th quarter valued at about $11,183,000. Finally, Avestar Capital LLC increased its stake in shares of NIKE by 23.4% during the 4th quarter. Avestar Capital LLC now owns 8,337 shares of the footwear maker’s stock valued at $634,000 after acquiring an additional 1,583 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Stock Performance

Shares of NKE opened at $73.25 on Friday. The business’s 50 day moving average is $74.68 and its two-hundred day moving average is $78.04. NIKE, Inc. has a 52-week low of $68.62 and a 52-week high of $107.34. The firm has a market cap of $108.35 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 2.34 and a beta of 1.01. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) 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 company had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.11 billion. During the same period in the prior year, the company posted $1.03 EPS. NIKE’s quarterly revenue was down 7.7% on a year-over-year basis. Analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

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 given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.18%. NIKE’s payout ratio is 49.38%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Truist Financial dropped their price objective on shares of NIKE from $97.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Stifel Nicolaus decreased their target price on NIKE from $79.00 to $75.00 and set a “hold” rating for the company in a report on Friday, December 20th. Bank of America decreased their target price on NIKE from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, December 20th. Morgan Stanley decreased their target price on NIKE from $80.00 to $74.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on NIKE from $92.00 to $82.00 and set a “buy” rating for the company in a report on Monday, December 16th. Fifteen investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $88.62.

Insider Buying and Selling at NIKE

In other NIKE news, Director John W. Rogers, Jr. bought 2,500 shares of the business’s stock in a transaction on Friday, December 27th. The shares were bought at an average cost of $76.65 per share, with a total value of $191,625.00. Following the transaction, the director now directly owns 34,403 shares in the company, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.

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.