NIKE, Inc. (NYSE:NKE) Stock Holdings Decreased by Highline Wealth Partners LLC

Highline Wealth Partners LLC reduced its position in NIKE, Inc. (NYSE:NKE) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,150 shares of the footwear maker’s stock after selling 158 shares during the quarter. Highline Wealth Partners LLC’s holdings in NIKE were worth $692,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Teachers Insurance & Annuity Association of America bought a new position in NIKE during the third quarter valued at about $30,000. VitalStone Financial LLC lifted its position in shares of NIKE by 52.6% during the 3rd quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock valued at $38,000 after acquiring an additional 150 shares during the last quarter. Dunhill Financial LLC boosted its stake in shares of NIKE by 52.2% during the 3rd quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker’s stock worth $44,000 after acquiring an additional 169 shares in the last quarter. Riverview Trust Co acquired a new stake in shares of NIKE during the third quarter worth $52,000. Finally, Catalyst Capital Advisors LLC purchased a new position in NIKE in the 3rd quarter worth about $54,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Price Performance

NKE traded up $1.01 during midday trading on Friday, reaching $72.30. 8,754,243 shares of the company’s stock were exchanged, compared to its average volume of 11,054,206. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.57. The business has a 50-day simple moving average of $76.43 and a two-hundred day simple moving average of $78.65. The firm has a market capitalization of $108.40 billion, a price-to-earnings ratio of 20.72, a price-to-earnings-growth ratio of 1.89 and a beta of 1.02. NIKE, Inc. has a one year low of $70.75 and a one year high of $107.43.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, beating the consensus estimate of $0.63 by $0.15. The business had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.11 billion. NIKE had a return on equity of 39.84% and a net margin of 10.60%. NIKE’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.03 EPS. As a group, research analysts predict that NIKE, Inc. will post 2.72 EPS for the current year.

NIKE Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were paid a dividend of $0.40 per share. This is a boost from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Monday, December 2nd. NIKE’s dividend payout ratio is 49.38%.

Insider Buying and Selling

In related news, Director John W. Rogers, Jr. purchased 2,500 shares of the business’s stock in a transaction dated Friday, December 27th. The shares were bought at an average price of $76.65 per share, with a total value of $191,625.00. Following the purchase, the director now directly owns 34,403 shares in the company, valued at $2,636,989.95. This trade represents a 7.84 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on NKE shares. Telsey Advisory Group cut shares of NIKE from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $93.00 to $80.00 in a research report on Friday, December 20th. Stifel Nicolaus reduced their price objective on NIKE from $79.00 to $75.00 and set a “hold” rating for the company in a research note on Friday, December 20th. Evercore ISI lowered their target price on NIKE from $105.00 to $97.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Sanford C. Bernstein decreased their price target on shares of NIKE from $112.00 to $109.00 and set an “outperform” rating for the company in a report on Thursday, September 19th. Finally, Jefferies Financial Group upped their price objective on shares of NIKE from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Monday, September 30th. Fourteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, NIKE has an average rating of “Moderate Buy” and an average target price of $89.96.

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.