Farmers & Merchants Investments Inc. Sells 19,095 Shares of NIKE, Inc. $NKE

Farmers & Merchants Investments Inc. reduced its stake in shares of NIKE, Inc. (NYSE:NKEFree Report) by 8.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,194 shares of the footwear maker’s stock after selling 19,095 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in NIKE were worth $13,960,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NKE. Fort Washington Investment Advisors Inc. OH boosted its position in NIKE by 6.2% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 475,404 shares of the footwear maker’s stock valued at $33,150,000 after buying an additional 27,805 shares during the last quarter. Lakeshore Capital Group Inc. boosted its holdings in NIKE by 9.3% in the third quarter. Lakeshore Capital Group Inc. now owns 5,703 shares of the footwear maker’s stock valued at $398,000 after acquiring an additional 484 shares during the last quarter. AFG Fiduciary Services Limited Partnership bought a new position in NIKE in the third quarter valued at about $305,000. Everpar Advisors LLC increased its position in NIKE by 4.3% in the third quarter. Everpar Advisors LLC now owns 3,897 shares of the footwear maker’s stock worth $272,000 after purchasing an additional 162 shares during the period. Finally, Sowell Financial Services LLC raised its holdings in NIKE by 1.8% during the 3rd quarter. Sowell Financial Services LLC now owns 38,922 shares of the footwear maker’s stock worth $2,714,000 after purchasing an additional 704 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

NIKE Trading Up 0.4%

NYSE NKE opened at $61.19 on Tuesday. NIKE, Inc. has a one year low of $52.28 and a one year high of $82.44. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.06 and a quick ratio of 1.40. The firm has a market cap of $90.44 billion, a P/E ratio of 35.99, a P/E/G ratio of 2.61 and a beta of 1.29. The stock’s 50-day moving average is $64.08 and its 200-day moving average is $69.35.

NIKE (NYSE:NKEGet Free Report) last issued its quarterly earnings data on Thursday, December 18th. The footwear maker reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.16. The business had revenue of $12.43 billion during the quarter, compared to analyst estimates of $12.19 billion. NIKE had a return on equity of 18.43% and a net margin of 5.43%.NIKE’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.78 EPS. Sell-side analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 1st will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.64 annualized dividend and a dividend yield of 2.7%. This is an increase from NIKE’s previous quarterly dividend of $0.40. NIKE’s dividend payout ratio (DPR) is 96.47%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NKE shares. Sanford C. Bernstein set a $85.00 price target on shares of NIKE and gave the stock an “outperform” rating in a research report on Friday, December 19th. Berenberg Bank reaffirmed a “neutral” rating and issued a $70.00 price objective on shares of NIKE in a research note on Friday, December 19th. BNP Paribas Exane lowered their target price on shares of NIKE from $38.00 to $35.00 and set an “underperform” rating for the company in a report on Friday, December 19th. KeyCorp set a $90.00 price target on NIKE and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Finally, Truist Financial set a $70.00 price target on NIKE and gave the stock a “buy” rating in a research report on Friday, December 19th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $75.84.

View Our Latest Stock Analysis on NKE

Insiders Place Their Bets

In other NIKE news, Chairman Mark G. Parker sold 86,078 shares of the stock in a transaction on Friday, November 14th. The shares were sold at an average price of $64.80, for a total value of $5,577,854.40. Following the completion of the sale, the chairman owned 647,615 shares in the company, valued at $41,965,452. This trade represents a 11.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Treasure Heinle sold 4,300 shares of the firm’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $71.27, for a total transaction of $306,461.00. Following the completion of the sale, the executive vice president owned 29,396 shares of the company’s stock, valued at $2,095,052.92. This trade represents a 12.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have purchased 74,841 shares of company stock valued at $4,451,334 in the last quarter. Company insiders own 0.80% of the company’s stock.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

NIKE Company Profile

(Free Report)

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).

See Also

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.