NIKE, Inc. (NYSE:NKE) Shares Sold by United Asset Strategies Inc.

United Asset Strategies Inc. lowered its position in NIKE, Inc. (NYSE:NKE) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,498 shares of the footwear maker’s stock after selling 400 shares during the quarter. United Asset Strategies Inc.’s holdings in NIKE were worth $1,097,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Union Bancaire Privee UBP SA purchased a new stake in shares of NIKE during the 4th quarter worth $496,000. Capital Asset Advisory Services LLC acquired a new stake in NIKE in the fourth quarter valued at $321,000. Blue Trust Inc. lifted its holdings in NIKE by 25.3% during the 4th quarter. Blue Trust Inc. now owns 14,984 shares of the footwear maker’s stock worth $1,134,000 after buying an additional 3,029 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its position in shares of NIKE by 5.5% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 19,942 shares of the footwear maker’s stock worth $1,509,000 after acquiring an additional 1,032 shares in the last quarter. Finally, PFG Investments LLC increased its holdings in shares of NIKE by 217.5% in the 4th quarter. PFG Investments LLC now owns 25,951 shares of the footwear maker’s stock valued at $1,964,000 after acquiring an additional 17,778 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. TD Cowen decreased their target price on NIKE from $78.00 to $73.00 and set a “hold” rating for the company in a research note on Monday, November 18th. Jefferies Financial Group upped their target price on shares of NIKE from $80.00 to $85.00 and gave the company a “hold” rating in a report on Monday, September 30th. Needham & Company LLC reiterated a “buy” rating and set a $84.00 price target on shares of NIKE in a research note on Friday, December 20th. Morgan Stanley decreased their price objective on shares of NIKE from $80.00 to $74.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. Finally, Piper Sandler upgraded NIKE from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $72.00 to $90.00 in a research report on Friday, January 10th. Fourteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $89.96.

Insider Buying and Selling

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

NIKE Price Performance

Shares of NYSE NKE opened at $75.69 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. NIKE, Inc. has a one year low of $70.32 and a one year high of $107.43. The firm has a market capitalization of $111.96 billion, a P/E ratio of 23.36, a PEG ratio of 2.36 and a beta of 1.02. The company’s fifty day moving average is $75.45 and its two-hundred day moving average is $77.94.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm had revenue of $12.35 billion for the quarter, compared to the consensus estimate of $12.11 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. The firm’s revenue was down 7.7% on a year-over-year basis. Analysts forecast that NIKE, Inc. will post 2.1 EPS for the current fiscal year.

NIKE Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were paid a $0.40 dividend. This is an increase from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Monday, December 2nd. NIKE’s dividend payout ratio (DPR) is presently 49.38%.

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.