Ironwood Investment Counsel LLC Has $409,000 Holdings in NIKE, Inc. (NYSE:NKE)

Ironwood Investment Counsel LLC lessened its holdings in shares of NIKE, Inc. (NYSE:NKE) by 18.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,410 shares of the footwear maker’s stock after selling 1,216 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in NIKE were worth $409,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Teachers Insurance & Annuity Association of America acquired a new position in shares of NIKE during the 3rd quarter worth approximately $30,000. Caitlin John LLC boosted its position in shares of NIKE by 117.0% during the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock worth $28,000 after acquiring an additional 200 shares in the last quarter. Heck Capital Advisors LLC bought a new position in NIKE in the fourth quarter valued at approximately $28,000. Roxbury Financial LLC bought a new position in NIKE in the fourth quarter valued at approximately $30,000. Finally, LFA Lugano Financial Advisors SA increased its stake in NIKE by 110.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock valued at $30,000 after acquiring an additional 210 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Price Performance

NKE stock opened at $71.72 on Friday. The firm has a market cap of $106.08 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 2.52 and a beta of 1.02. 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, Inc. has a 12-month low of $68.62 and a 12-month high of $101.92. The company’s fifty day simple moving average is $74.68 and its 200 day simple moving average is $77.86.

NIKE (NYSE:NKE) last posted its quarterly 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. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm had revenue of $12.35 billion during the quarter, compared to the consensus estimate of $12.11 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The business’s revenue was down 7.7% compared to the same quarter last year. On average, analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.23%. The ex-dividend date is Monday, March 3rd. NIKE’s dividend payout ratio (DPR) is currently 49.38%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NKE. Telsey Advisory Group reissued a “market perform” rating and issued a $80.00 price objective on shares of NIKE in a research note on Wednesday, February 19th. Needham & Company LLC reissued a “buy” rating and issued a $84.00 price objective on shares of NIKE in a research note on Friday, February 7th. Bank of America decreased their price objective on shares of NIKE from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Guggenheim reissued a “buy” rating and issued a $110.00 price objective on shares of NIKE in a research note on Wednesday, February 12th. Finally, Truist Financial cut their target price on shares of NIKE from $97.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Fourteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $89.69.

Insider Buying and Selling at NIKE

In related news, Director John W. Rogers, Jr. purchased 2,500 shares of the firm’s stock in a transaction on Friday, December 27th. The stock was 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 in the company, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Mark G. Parker sold 169,732 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

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.