NIKE, Inc. (NYSE:NKE) Shares Sold by NBW Capital LLC

NBW Capital LLC reduced its stake in NIKE, Inc. (NYSE:NKE) by 2.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 47,108 shares of the footwear maker’s stock after selling 1,223 shares during the quarter. NBW Capital LLC’s holdings in NIKE were worth $5,115,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Impact Partnership Wealth LLC increased its stake in NIKE by 220.7% during the 3rd quarter. Impact Partnership Wealth LLC now owns 263 shares of the footwear maker’s stock worth $25,000 after buying an additional 181 shares during the period. Iron Horse Wealth Management LLC increased its stake in NIKE by 120.7% during the 4th quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock worth $28,000 after buying an additional 140 shares during the period. Planned Solutions Inc. purchased a new stake in NIKE during the 4th quarter worth approximately $29,000. Financial Freedom LLC purchased a new stake in NIKE during the 4th quarter worth approximately $29,000. Finally, Worth Asset Management LLC purchased a new stake in NIKE during the 1st quarter worth approximately $32,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NKE has been the topic of several recent research reports. Wells Fargo & Company cut their target price on shares of NIKE from $125.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, March 22nd. Wedbush reissued an “outperform” rating and issued a $115.00 price objective on shares of NIKE in a research report on Wednesday, March 27th. HSBC dropped their price objective on shares of NIKE from $120.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, January 22nd. Piper Sandler dropped their price objective on shares of NIKE from $107.00 to $98.00 and set a “neutral” rating on the stock in a research report on Friday, March 22nd. Finally, Stifel Nicolaus dropped their price objective on shares of NIKE from $129.00 to $117.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $116.26.

NIKE Stock Performance

NYSE:NKE traded down $0.07 during trading hours on Thursday, reaching $94.77. 4,452,321 shares of the company’s stock were exchanged, compared to its average volume of 9,513,832. The firm has a market capitalization of $143.04 billion, a price-to-earnings ratio of 27.89, a P/E/G ratio of 1.80 and a beta of 1.08. The company has a 50-day moving average of $98.47 and a 200 day moving average of $103.42. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63. NIKE, Inc. has a 1-year low of $88.66 and a 1-year high of $128.68.

NIKE (NYSE:NKE) last released its earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.69 by $0.29. NIKE had a net margin of 10.14% and a return on equity of 39.41%. The company had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $12.28 billion. Research analysts anticipate that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Friday, March 1st. NIKE’s dividend payout ratio (DPR) is presently 43.53%.

NIKE Company 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.