One Capital Management LLC Sells 755 Shares of NIKE, Inc. (NYSE:NKE)

One Capital Management LLC trimmed its stake in NIKE, Inc. (NYSE:NKE) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,646 shares of the footwear maker’s stock after selling 755 shares during the period. One Capital Management LLC’s holdings in NIKE were worth $806,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Teachers Insurance & Annuity Association of America bought a new stake in NIKE in the third quarter valued at $30,000. Caitlin John LLC grew its holdings in shares of NIKE by 117.0% during the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 200 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in shares of NIKE during the fourth quarter worth $28,000. Roxbury Financial LLC bought a new stake in shares of NIKE during the fourth quarter worth $30,000. Finally, BankPlus Trust Department bought a new stake in shares of NIKE during the fourth quarter worth $34,000. 64.25% of the stock is currently owned by institutional investors.

NIKE Trading Down 0.1 %

NYSE NKE opened at $77.74 on Friday. The firm has a market cap of $114.99 billion, a P/E ratio of 23.99, a P/E/G ratio of 2.52 and a beta of 1.01. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The stock’s 50-day moving average is $74.72 and its 200-day moving average is $78.25. NIKE, Inc. has a one year low of $68.62 and a one year high of $102.49.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.15. The company had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.11 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. NIKE’s revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 earnings per share. Sell-side analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.06%. NIKE’s payout ratio is presently 49.38%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Guggenheim restated a “buy” rating and set a $110.00 target price on shares of NIKE in a report on Wednesday, February 12th. Stifel Nicolaus decreased their target price on NIKE from $79.00 to $75.00 and set a “hold” rating on the stock in a report on Friday, December 20th. Truist Financial decreased their target price on NIKE from $97.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Telsey Advisory Group restated a “market perform” rating and set a $80.00 target price on shares of NIKE in a report on Wednesday, February 19th. Finally, Royal Bank of Canada cut their price target on NIKE from $82.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 7th. Fourteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, NIKE presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.77.

Insider Buying and Selling

In related news, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the completion of the transaction, the chairman now directly owns 896,632 shares in the company, valued at approximately $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John W. Rogers, Jr. acquired 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were purchased at an average price of $76.65 per share, with a total value of $191,625.00. Following the completion of the acquisition, the director now 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 disclosure for this purchase can be found here. 1.10% of the stock is owned by corporate insiders.

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.