NIKE, Inc. $NKE Shares Sold by Audent Global Asset Management LLC

Audent Global Asset Management LLC reduced its position in NIKE, Inc. (NYSE:NKE) by 62.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,144 shares of the footwear maker’s stock after selling 21,904 shares during the period. Audent Global Asset Management LLC’s holdings in NIKE were worth $922,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of NKE. Everhart Financial Group Inc. purchased a new position in NIKE in the third quarter valued at approximately $218,000. Howard Capital Management Inc. increased its position in shares of NIKE by 3.3% in the third quarter. Howard Capital Management Inc. now owns 7,580 shares of the footwear maker’s stock worth $529,000 after acquiring an additional 240 shares in the last quarter. National Pension Service raised its stake in shares of NIKE by 0.3% in the 3rd quarter. National Pension Service now owns 3,119,089 shares of the footwear maker’s stock valued at $217,494,000 after acquiring an additional 8,511 shares during the period. Foundations Investment Advisors LLC raised its stake in shares of NIKE by 32.3% in the 3rd quarter. Foundations Investment Advisors LLC now owns 6,970 shares of the footwear maker’s stock valued at $486,000 after acquiring an additional 1,701 shares during the period. Finally, Fidelis Capital Partners LLC lifted its holdings in shares of NIKE by 30.5% during the 3rd quarter. Fidelis Capital Partners LLC now owns 5,723 shares of the footwear maker’s stock valued at $399,000 after acquiring an additional 1,337 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Stock Performance

Shares of NKE opened at $61.84 on Friday. The firm has a market cap of $91.55 billion, a price-to-earnings ratio of 36.38, a PEG ratio of 3.20 and a beta of 1.28. The company has a quick ratio of 1.40, a current ratio of 2.06 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $63.96 and its two-hundred day moving average is $68.69. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $82.44.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, December 18th. The footwear maker reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 5.43% and a return on equity of 18.43%. The business’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 earnings per share. Analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 1st were paid a dividend of $0.41 per share. The ex-dividend date was Monday, December 1st. This is a positive change from NIKE’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 2.7%. NIKE’s payout ratio is presently 96.47%.

Analyst Ratings Changes

NKE has been the subject of several recent research reports. Stifel Nicolaus set a $65.00 price target on NIKE and gave the company a “hold” rating in a report on Friday, December 19th. Jefferies Financial Group reiterated a “buy” rating and issued a $110.00 target price on shares of NIKE in a research note on Monday, January 12th. Piper Sandler set a $75.00 target price on NIKE and gave the company an “overweight” rating in a report on Friday, December 19th. UBS Group restated a “neutral” rating on shares of NIKE in a report on Monday, January 5th. Finally, Bank of America dropped their price objective on shares of NIKE from $84.00 to $73.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $74.65.

Insider Buying and Selling at NIKE

In related news, Director Robert Holmes Swan bought 8,691 shares of the stock in a transaction dated Monday, December 22nd. The stock was bought at an average cost of $57.54 per share, with a total value of $500,080.14. Following the completion of the acquisition, the director owned 43,293 shares of the company’s stock, valued at $2,491,079.22. This trade represents a 25.12% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jorgen Vig Knudstorp purchased 16,150 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was bought at an average cost of $62.09 per share, for a total transaction of $1,002,753.50. Following the acquisition, the director owned 21,388 shares in the company, valued at approximately $1,327,980.92. The trade was a 308.32% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have purchased 91,229 shares of company stock worth $5,452,640. 0.80% of the stock is owned by company insiders.

NIKE Profile

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).