NIKE, Inc. (NYSE:NKE) Stock Holdings Lessened by Peoples Financial Services CORP.

Peoples Financial Services CORP. trimmed its stake in NIKE, Inc. (NYSE:NKE) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,417 shares of the footwear maker’s stock after selling 156 shares during the quarter. Peoples Financial Services CORP.’s holdings in NIKE were worth $864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in NKE. J.W. Cole Advisors Inc. lifted its position in shares of NIKE by 5.1% in the second quarter. J.W. Cole Advisors Inc. now owns 11,171 shares of the footwear maker’s stock worth $842,000 after purchasing an additional 543 shares in the last quarter. Angeles Investment Advisors LLC bought a new position in NIKE during the second quarter valued at approximately $319,000. Massachusetts Financial Services Co. MA raised its position in NIKE by 0.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,025,616 shares of the footwear maker’s stock valued at $454,151,000 after acquiring an additional 52,500 shares in the last quarter. One Capital Management LLC raised its position in NIKE by 103.3% during the second quarter. One Capital Management LLC now owns 11,519 shares of the footwear maker’s stock valued at $868,000 after acquiring an additional 5,854 shares in the last quarter. Finally, Citizens Financial Group Inc. RI raised its position in NIKE by 31.1% during the second quarter. Citizens Financial Group Inc. RI now owns 95,466 shares of the footwear maker’s stock valued at $7,205,000 after acquiring an additional 22,620 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Stock Down 1.4 %

NKE opened at $71.09 on Wednesday. NIKE, Inc. has a fifty-two week low of $70.53 and a fifty-two week high of $107.43. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.36 and a quick ratio of 1.58. The firm’s fifty day moving average price is $76.05 and its two-hundred day moving average price is $78.06. The company has a market capitalization of $105.15 billion, a P/E ratio of 20.37, a P/E/G ratio of 1.89 and a beta of 1.02.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.15. The company had revenue of $12.35 billion during the quarter, compared to analysts’ expectations of $12.11 billion. NIKE had a return on equity of 39.84% and a net margin of 10.60%. The business’s revenue was down 7.7% on a year-over-year basis. During the same period last year, the business earned $1.03 earnings per share. On average, analysts anticipate that NIKE, Inc. will post 2.72 EPS for the current year.

NIKE Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, December 2nd. This is a boost from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.25%. NIKE’s dividend payout ratio (DPR) is presently 49.38%.

Insider Buying and Selling at NIKE

In other NIKE news, Director John W. Rogers, Jr. purchased 2,500 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The stock was acquired at an average cost of $76.65 per share, with a total value of $191,625.00. Following the completion of the acquisition, the director now directly owns 34,403 shares of the company’s stock, valued at $2,636,989.95. This represents a 7.84 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

NKE has been the topic of several recent research reports. DA Davidson raised shares of NIKE to a “strong-buy” rating in a research report on Monday, December 23rd. Barclays cut their price objective on shares of NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. TD Cowen cut their price objective on shares of NIKE from $78.00 to $73.00 and set a “hold” rating on the stock in a research report on Monday, November 18th. Wells Fargo & Company lowered their price target on NIKE from $95.00 to $92.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Finally, Royal Bank of Canada lowered their price target on NIKE from $82.00 to $80.00 and set a “sector perform” rating on the stock in a report on Thursday, November 7th. Fourteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, NIKE has an average rating of “Moderate Buy” and an average price target of $89.96.

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.