NIKE, Inc. (NYSE:NKE) Shares Sold by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC decreased its stake in NIKE, Inc. (NYSE:NKE) by 4.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,983 shares of the footwear maker’s stock after selling 1,378 shares during the period. Woodmont Investment Counsel LLC’s holdings in NIKE were worth $3,006,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Iron Horse Wealth Management LLC raised its position in NIKE by 120.7% in the 4th quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock valued at $28,000 after purchasing an additional 140 shares during the last quarter. Annapolis Financial Services LLC raised its position in NIKE by 440.0% in the 1st quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker’s stock valued at $25,000 after purchasing an additional 220 shares during the last quarter. Planned Solutions Inc. purchased a new position in NIKE during the 4th quarter worth $29,000. True Wealth Design LLC raised its position in NIKE by 106.4% during the 4th quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock worth $32,000 after buying an additional 150 shares during the last quarter. Finally, Core Wealth Advisors Inc. raised its position in NIKE by 408.5% during the 4th quarter. Core Wealth Advisors Inc. now owns 300 shares of the footwear maker’s stock worth $33,000 after buying an additional 241 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. HSBC cut their price objective on shares of NIKE from $100.00 to $90.00 and set a “hold” rating for the company in a research report on Friday. Piper Sandler cut their price objective on shares of NIKE from $107.00 to $98.00 and set a “neutral” rating for the company in a research report on Friday, March 22nd. Raymond James restated a “market perform” rating on shares of NIKE in a research report on Friday. Jefferies Financial Group cut their price target on shares of NIKE from $110.00 to $100.00 and set a “hold” rating for the company in a report on Friday, March 22nd. Finally, TD Cowen cut their price target on shares of NIKE from $89.00 to $75.00 and set a “hold” rating for the company in a report on Friday. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, NIKE currently has an average rating of “Hold” and a consensus price target of $98.04.

Insider Buying and Selling

In other NIKE news, EVP Monique S. Matheson sold 45,000 shares of NIKE stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $94.16, for a total transaction of $4,237,200.00. Following the transaction, the executive vice president now owns 44,997 shares of the company’s stock, valued at approximately $4,236,917.52. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, VP Johanna Nielsen sold 282 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $93.64, for a total value of $26,406.48. Following the completion of the sale, the vice president now owns 730 shares of the company’s stock, valued at approximately $68,357.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Monique S. Matheson sold 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $94.16, for a total value of $4,237,200.00. Following the sale, the executive vice president now directly owns 44,997 shares of the company’s stock, valued at approximately $4,236,917.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 213,660 shares of company stock valued at $19,946,333. 0.50% of the stock is owned by corporate insiders.

NIKE Trading Down 1.0 %

NYSE NKE traded down $0.75 during mid-day trading on Tuesday, hitting $76.08. The company’s stock had a trading volume of 18,618,508 shares, compared to its average volume of 10,639,157. NIKE, Inc. has a 52-week low of $74.29 and a 52-week high of $123.39. The firm has a market capitalization of $114.83 billion, a P/E ratio of 20.25, a price-to-earnings-growth ratio of 1.43 and a beta of 1.01. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.40 and a quick ratio of 1.69. The stock’s fifty day simple moving average is $93.28 and its two-hundred day simple moving average is $98.85.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, June 27th. The footwear maker reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.16. NIKE had a net margin of 11.10% and a return on equity of 42.63%. The business had revenue of $12.60 billion for the quarter, compared to analysts’ expectations of $12.86 billion. During the same period in the previous year, the business earned $0.66 earnings per share. The company’s revenue was down 1.6% on a year-over-year basis. Research analysts expect that NIKE, Inc. will post 3.9 EPS for the current year.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 3rd were paid a $0.37 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.95%. NIKE’s dividend payout ratio is currently 39.68%.

NIKE 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.