Nicolet Bankshares Inc. Sells 429 Shares of NIKE, Inc. (NYSE:NKE)

Nicolet Bankshares Inc. decreased its holdings in NIKE, Inc. (NYSE:NKEFree Report) by 4.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,151 shares of the footwear maker’s stock after selling 429 shares during the period. Nicolet Bankshares Inc.’s holdings in NIKE were worth $971,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of NKE. Moneta Group Investment Advisors LLC raised its holdings in NIKE by 139,649.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 16,813,307 shares of the footwear maker’s stock worth $1,967,325,000 after purchasing an additional 16,801,276 shares during the last quarter. Norges Bank acquired a new stake in shares of NIKE during the fourth quarter worth $1,345,203,000. Newport Trust Company LLC bought a new position in NIKE during the third quarter worth $679,775,000. Morgan Stanley lifted its holdings in NIKE by 26.4% in the fourth quarter. Morgan Stanley now owns 30,720,119 shares of the footwear maker’s stock valued at $3,594,561,000 after buying an additional 6,410,744 shares during the period. Finally, BlackRock Inc. boosted its position in NIKE by 6.8% during the second quarter. BlackRock Inc. now owns 92,826,102 shares of the footwear maker’s stock valued at $10,245,217,000 after acquiring an additional 5,917,963 shares during the last quarter. 63.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NKE shares. Citigroup upgraded shares of NIKE from a “neutral” rating to a “buy” rating and boosted their target price for the company from $100.00 to $135.00 in a research report on Monday, December 11th. BMO Capital Markets upped their target price on shares of NIKE from $110.00 to $118.00 and gave the stock an “outperform” rating in a research note on Friday, December 22nd. Royal Bank of Canada raised their price target on shares of NIKE from $120.00 to $127.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of NIKE from $132.00 to $128.00 and set a “buy” rating on the stock in a research report on Friday, December 22nd. Finally, Piper Sandler dropped their price target on NIKE from $112.00 to $107.00 and set a “neutral” rating on the stock in a report on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $123.62.

Read Our Latest Analysis on NKE

Insider Activity

In other news, EVP Monique S. Matheson sold 10,000 shares of NIKE stock in a transaction on Monday, December 11th. The shares were sold at an average price of $119.00, for a total transaction of $1,190,000.00. Following the completion of the sale, the executive vice president now directly owns 44,736 shares in the company, valued at $5,323,584. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.50% of the company’s stock.

NIKE Trading Up 2.0 %

Shares of NKE traded up $2.14 during trading hours on Monday, reaching $106.64. 3,784,303 shares of the company traded hands, compared to its average volume of 8,663,648. The stock’s fifty day moving average price is $108.07 and its 200 day moving average price is $104.39. The company has a current ratio of 2.74, a quick ratio of 1.85 and a debt-to-equity ratio of 0.63. The firm has a market cap of $162.30 billion, a price-to-earnings ratio of 30.54, a PEG ratio of 1.94 and a beta of 1.11. NIKE, Inc. has a 12-month low of $88.66 and a 12-month high of $128.68.

NIKE (NYSE:NKEGet Free Report) last announced its earnings results on Thursday, December 21st. The footwear maker reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.19. NIKE had a net margin of 10.28% and a return on equity of 37.41%. The business had revenue of $13.40 billion during the quarter, compared to the consensus estimate of $13.39 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. Sell-side analysts forecast that NIKE, Inc. will post 3.57 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 4th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, March 1st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.39%. NIKE’s payout ratio is 43.27%.

NIKE Profile

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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