Financiere des Professionnels Fonds d investissement inc. Trims Position in NIKE, Inc. (NYSE:NKE)

Financiere des Professionnels Fonds d investissement inc. decreased its position in shares of NIKE, Inc. (NYSE:NKE) by 1.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 109,838 shares of the footwear maker’s stock after selling 1,952 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in NIKE were worth $8,311,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Strategic Advisors LLC raised its stake in NIKE by 12.6% during the fourth quarter. Strategic Advisors LLC now owns 4,193 shares of the footwear maker’s stock worth $317,000 after purchasing an additional 469 shares during the period. Sierra Ocean LLC purchased a new position in NIKE during the fourth quarter worth approximately $195,000. Valmark Advisers Inc. raised its stake in NIKE by 71.5% during the fourth quarter. Valmark Advisers Inc. now owns 25,804 shares of the footwear maker’s stock worth $1,953,000 after purchasing an additional 10,757 shares during the period. L.M. Kohn & Company raised its stake in NIKE by 1.8% during the fourth quarter. L.M. Kohn & Company now owns 9,188 shares of the footwear maker’s stock worth $695,000 after purchasing an additional 160 shares during the period. Finally, Game Plan Financial Advisors LLC raised its stake in NIKE by 11.1% during the fourth quarter. Game Plan Financial Advisors LLC now owns 1,500 shares of the footwear maker’s stock worth $114,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insider Activity

In other NIKE news, Director John W. Rogers, Jr. purchased 2,500 shares of the firm’s stock in a transaction dated Friday, December 27th. The stock was acquired at an average cost of $76.65 per share, with a total value of $191,625.00. Following the acquisition, the director now owns 34,403 shares of the company’s stock, valued at approximately $2,636,989.95. This represents a 7.84 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

NIKE Price Performance

Shares of NKE stock opened at $73.02 on Monday. The firm has a market cap of $108.00 billion, a P/E ratio of 22.54, a P/E/G ratio of 2.34 and a beta of 1.01. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. NIKE, Inc. has a 1-year low of $68.62 and a 1-year high of $107.34. The firm has a fifty day moving average of $74.46 and a two-hundred day moving average of $78.03.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.15. The company had revenue of $12.35 billion during the quarter, compared to analyst estimates of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period last year, the business earned $1.03 EPS. As a group, research analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE’s dividend payout ratio (DPR) is presently 49.38%.

Wall Street Analyst Weigh In

NKE has been the topic of a number of recent analyst reports. Morgan Stanley cut their price target on shares of NIKE from $80.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. 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 note on Friday, December 20th. TD Cowen cut their target price on shares of NIKE from $78.00 to $73.00 and set a “hold” rating on the stock in a research note on Monday, November 18th. Barclays cut their target price on shares of NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of NIKE from $92.00 to $82.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. Fifteen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.62.

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.