NIKE, Inc. (NYSE:NKE) Shares Sold by Huntington National Bank

Huntington National Bank lowered its holdings in shares of NIKE, Inc. (NYSE:NKE) by 10.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 170,738 shares of the footwear maker’s stock after selling 19,885 shares during the period. Huntington National Bank’s holdings in NIKE were worth $12,920,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Caitlin John LLC lifted its stake in NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock valued at $28,000 after buying an additional 200 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in shares of NIKE in the fourth quarter worth $28,000. Roxbury Financial LLC purchased a new stake in shares of NIKE in the fourth quarter valued at $30,000. LFA Lugano Financial Advisors SA increased its position in NIKE by 110.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock worth $30,000 after purchasing an additional 210 shares in the last quarter. Finally, Hopwood Financial Services Inc. acquired a new position in NIKE in the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Stock Up 0.4 %

Shares of NYSE:NKE opened at $65.04 on Thursday. The stock has a market capitalization of $96.20 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. NIKE, Inc. has a 1-year low of $58.91 and a 1-year high of $98.04. The company’s fifty day moving average is $73.66 and its two-hundred day moving average is $76.64. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22.

NIKE (NYSE:NKE) last posted its earnings results on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, beating the consensus estimate of $0.28 by $0.26. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company had revenue of $11.27 billion during the quarter, compared to analyst estimates of $11.02 billion. During the same period in the prior year, the company earned $0.98 earnings per share. The business’s revenue was down 9.1% compared to the same quarter last year. Equities analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.46%. The ex-dividend date was Monday, March 3rd. NIKE’s dividend payout ratio (DPR) is 53.16%.

Analyst Ratings Changes

Several research firms have issued reports on NKE. Truist Financial decreased their price target on shares of NIKE from $90.00 to $82.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Jefferies Financial Group raised shares of NIKE from a “hold” rating to a “buy” rating and lifted their target price for the stock from $75.00 to $115.00 in a research note on Monday, February 24th. JPMorgan Chase & Co. reduced their price target on NIKE from $73.00 to $64.00 and set a “neutral” rating on the stock in a research note on Friday, March 21st. Guggenheim reaffirmed a “buy” rating and issued a $110.00 price objective on shares of NIKE in a research report on Wednesday, February 12th. Finally, Robert W. Baird reduced their target price on NIKE from $105.00 to $99.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. Fifteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have 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 an average target price of $87.38.

Insider Buying and Selling at NIKE

In related news, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $72.83, for a total value of $12,361,581.56. Following the completion of the transaction, the chairman now owns 896,632 shares in the company, valued at $65,301,708.56. This represents a 15.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by company insiders.

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.