Folger Nolan Fleming Douglas Capital Management Inc. Has $355,000 Stock Holdings in NIKE, Inc. (NYSE:NKE)

Folger Nolan Fleming Douglas Capital Management Inc. lowered its holdings in shares of NIKE, Inc. (NYSE:NKE) by 10.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,686 shares of the footwear maker’s stock after selling 529 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in NIKE were worth $355,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of NIKE by 10.0% in the 2nd quarter. Brighton Jones LLC now owns 223,044 shares of the footwear maker’s stock valued at $16,811,000 after buying an additional 20,353 shares during the period. GM Advisory Group LLC grew its position in NIKE by 3.2% in the 2nd quarter. GM Advisory Group LLC now owns 8,638 shares of the footwear maker’s stock valued at $651,000 after purchasing an additional 267 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in NIKE by 28.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 97,112 shares of the footwear maker’s stock valued at $7,319,000 after purchasing an additional 21,259 shares during the last quarter. AR Asset Management Inc. raised its stake in shares of NIKE by 0.5% in the second quarter. AR Asset Management Inc. now owns 78,770 shares of the footwear maker’s stock worth $5,937,000 after purchasing an additional 400 shares during the last quarter. Finally, Bridges Investment Management Inc. lifted its holdings in shares of NIKE by 283.8% in the second quarter. Bridges Investment Management Inc. now owns 137,859 shares of the footwear maker’s stock valued at $10,390,000 after purchasing an additional 101,937 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors.

NIKE Stock Down 0.3 %

NKE stock opened at $70.89 on Friday. NIKE, Inc. has a 1-year low of $70.32 and a 1-year high of $107.43. The stock has a market cap of $104.85 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The company’s 50 day moving average is $75.87 and its 200 day moving average is $77.96.

NIKE (NYSE:NKE) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $12.11 billion. During the same quarter last year, the company posted $1.03 EPS. The business’s quarterly revenue was down 7.7% on a year-over-year basis. Sell-side analysts predict that NIKE, Inc. will post 2.1 EPS for the current fiscal year.

NIKE Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were issued a $0.40 dividend. This is a boost from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date was Monday, December 2nd. NIKE’s dividend payout ratio is presently 49.38%.

Insider Activity at NIKE

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 currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on NKE. Bank of America decreased their price target on NIKE from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of NIKE from $92.00 to $82.00 and set a “buy” rating for the company in a research note on Monday, December 16th. Barclays dropped their price target on shares of NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Truist Financial decreased 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. Finally, JPMorgan Chase & Co. cut their target price on NIKE from $77.00 to $73.00 and set a “neutral” rating on the stock in a research note on Monday, December 2nd. Fourteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, NIKE presently has an average rating of “Moderate Buy” and an average price target of $89.96.

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.