J. W. Coons Advisors LLC Sells 300 Shares of NIKE, Inc. (NYSE:NKE)

J. W. Coons Advisors LLC lessened its holdings in NIKE, Inc. (NYSE:NKEFree Report) by 0.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 40,215 shares of the footwear maker’s stock after selling 300 shares during the period. NIKE accounts for approximately 1.2% of J. W. Coons Advisors LLC’s holdings, making the stock its 14th biggest position. J. W. Coons Advisors LLC’s holdings in NIKE were worth $4,366,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Iron Horse Wealth Management LLC raised its position in shares of NIKE by 120.7% in the fourth quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock worth $28,000 after acquiring an additional 140 shares during the period. Planned Solutions Inc. acquired a new position in shares of NIKE during the fourth quarter worth $29,000. Raleigh Capital Management Inc. increased its position in NIKE by 134.2% in the 3rd quarter. Raleigh Capital Management Inc. now owns 377 shares of the footwear maker’s stock valued at $36,000 after acquiring an additional 216 shares during the period. Mizuho Securities Co. Ltd. boosted its position in shares of NIKE by 100.0% in the 4th quarter. Mizuho Securities Co. Ltd. now owns 340 shares of the footwear maker’s stock worth $37,000 after buying an additional 170 shares in the last quarter. Finally, NewSquare Capital LLC lifted its position in NIKE by 372.0% during the fourth quarter. NewSquare Capital LLC now owns 354 shares of the footwear maker’s stock worth $38,000 after buying an additional 279 shares during the period. Institutional investors own 64.25% of the company’s stock.

NIKE Trading Up 0.9 %

Shares of NYSE:NKE opened at $96.57 on Friday. The stock has a market cap of $145.76 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 1.72 and a beta of 1.05. NIKE, Inc. has a 52-week low of $88.66 and a 52-week high of $123.39. The business has a 50-day moving average price of $92.71 and a 200-day moving average price of $101.03. 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 (NYSE:NKEGet Free Report) last released its earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.29. NIKE had a return on equity of 39.41% and a net margin of 10.14%. The business had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $12.28 billion. Equities analysts predict that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Monday, June 3rd. NIKE’s dividend payout ratio (DPR) is 43.53%.

Analyst Upgrades and Downgrades

NKE has been the subject of several recent analyst reports. Oppenheimer cut NIKE from an “outperform” rating to a “market perform” rating and set a $110.00 price target for the company. in a research note on Friday, February 16th. Sanford C. Bernstein lowered their price objective on shares of NIKE from $134.00 to $120.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $100.00 price target (down from $110.00) on shares of NIKE in a research report on Friday, March 22nd. Bank of America upgraded NIKE from a “neutral” rating to a “buy” rating and increased their price objective for the company from $110.00 to $113.00 in a report on Thursday, April 11th. Finally, Piper Sandler dropped their price target 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. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $116.26.

Get Our Latest Stock Report on NKE

Insider Transactions at NIKE

In other NIKE news, Chairman Mark G. Parker sold 168,378 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $93.14, for a total value of $15,682,726.92. Following the sale, the chairman now directly owns 1,102,090 shares in the company, valued at $102,648,662.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Monique S. Matheson sold 45,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $94.16, for a total value of $4,237,200.00. Following the completion of the transaction, the executive vice president now owns 44,997 shares of the company’s stock, valued at approximately $4,236,917.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Mark G. Parker sold 168,378 shares of the stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $93.14, for a total value of $15,682,726.92. Following the transaction, the chairman now owns 1,102,090 shares in the company, valued at $102,648,662.60. The disclosure for this sale can be found here. Insiders sold a total of 213,660 shares of company stock worth $19,946,333 over the last ninety days. Company insiders own 0.50% of the company’s stock.

NIKE Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for NIKE (NYSE:NKE)

Receive News & Ratings for NIKE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NIKE and related companies with MarketBeat.com's FREE daily email newsletter.