Haverford Trust Co Sells 3,470 Shares of NIKE, Inc. (NYSE:NKE)

Haverford Trust Co reduced its position in NIKE, Inc. (NYSE:NKE) by 9.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,582 shares of the footwear maker’s stock after selling 3,470 shares during the quarter. Haverford Trust Co’s holdings in NIKE were worth $2,465,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Heck Capital Advisors LLC acquired a new position in shares of NIKE in the 4th quarter valued at about $28,000. Caitlin John LLC lifted its position in shares of NIKE by 117.0% during the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock valued at $28,000 after acquiring an additional 200 shares during the period. Teachers Insurance & Annuity Association of America bought a new position in shares of NIKE during the 3rd quarter worth about $30,000. Roxbury Financial LLC acquired a new stake in shares of NIKE in the 4th quarter valued at about $30,000. Finally, LFA Lugano Financial Advisors SA increased its position in NIKE by 110.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock valued at $30,000 after buying an additional 210 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

NIKE Trading Down 0.7 %

Shares of NKE stock opened at $67.45 on Tuesday. NIKE, Inc. has a 1 year low of $65.17 and a 1 year high of $98.04. The company’s fifty day simple moving average is $74.61 and its two-hundred day simple moving average is $77.31. 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 has a market capitalization of $99.76 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 2.52 and a beta of 1.02.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.26. The business had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The firm’s quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 EPS. As a group, analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current 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 paid a dividend of $0.40 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.60 annualized dividend and a yield of 2.37%. NIKE’s dividend payout ratio is currently 53.16%.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on NKE. Piper Sandler raised NIKE from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $72.00 to $90.00 in a research report on Friday, January 10th. Barclays cut their price target on NIKE from $79.00 to $70.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. Guggenheim reissued a “buy” rating and issued a $110.00 price objective on shares of NIKE in a research note on Wednesday, February 12th. Wells Fargo & Company reduced their target price on shares of NIKE from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Robert W. Baird dropped their price target on shares of NIKE from $105.00 to $99.00 and set an “outperform” rating on the stock in a research report on Friday. Fifteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, NIKE currently has a consensus rating of “Moderate Buy” and an average price target of $87.38.

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.