NIKE, Inc. (NYSE:NKE) Shares Sold by Silver Oak Advisory Group Inc.

Silver Oak Advisory Group Inc. decreased its stake in NIKE, Inc. (NYSE:NKE) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,833 shares of the footwear maker’s stock after selling 235 shares during the quarter. Silver Oak Advisory Group Inc.’s holdings in NIKE were worth $214,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NKE. Verdence Capital Advisors LLC boosted its position in NIKE by 21.0% during the third quarter. Verdence Capital Advisors LLC now owns 3,801 shares of the footwear maker’s stock worth $336,000 after acquiring an additional 660 shares during the last quarter. XML Financial LLC acquired a new position in NIKE during the third quarter worth about $237,000. Legacy Capital Wealth Partners LLC boosted its position in NIKE by 18.1% during the third quarter. Legacy Capital Wealth Partners LLC now owns 5,162 shares of the footwear maker’s stock worth $456,000 after acquiring an additional 790 shares during the last quarter. Axxcess Wealth Management LLC boosted its position in NIKE by 2.6% during the third quarter. Axxcess Wealth Management LLC now owns 6,355 shares of the footwear maker’s stock worth $562,000 after acquiring an additional 163 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in NIKE during the third quarter worth about $383,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analyst Upgrades and Downgrades

NKE has been the topic of several recent analyst reports. Evercore ISI decreased their target price on shares of NIKE from $105.00 to $97.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Piper Sandler upgraded shares of NIKE from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $72.00 to $90.00 in a report on Friday, January 10th. UBS Group reiterated a “neutral” rating and issued a $73.00 target price on shares of NIKE in a report on Thursday, December 26th. Telsey Advisory Group reiterated a “market perform” rating and issued a $80.00 target price on shares of NIKE in a report on Wednesday, February 19th. Finally, Stifel Nicolaus decreased their target price on shares of NIKE from $79.00 to $75.00 and set a “hold” rating on the stock in a report on Friday, December 20th. Fourteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $89.77.

NIKE Trading Down 2.9 %

NYSE NKE opened at $76.35 on Tuesday. 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 52 week low of $68.62 and a 52 week high of $102.49. The stock has a market capitalization of $112.92 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. The firm has a 50 day moving average of $74.80 and a two-hundred day moving average of $78.09.

NIKE (NYSE:NKE) last issued its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) 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 business had revenue of $12.35 billion during the quarter, compared to analysts’ expectations of $12.11 billion. During the same quarter in the prior year, the business posted $1.03 EPS. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. As a group, research analysts expect that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently announced 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 2.10%. The ex-dividend date is Monday, March 3rd. NIKE’s payout ratio is 49.38%.

Insider Activity

In other NIKE news, Director John W. Rogers, Jr. purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The stock was purchased at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the purchase, 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction on 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 owns 896,632 shares of the company’s stock, valued at approximately $65,301,708.56. This represents a 15.92 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

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.