NIKE, Inc. (NYSE:NKE) Shares Sold by Regent Peak Wealth Advisors LLC

Regent Peak Wealth Advisors LLC cut its stake in NIKE, Inc. (NYSE:NKE) by 81.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,026 shares of the footwear maker’s stock after selling 17,582 shares during the period. Regent Peak Wealth Advisors LLC’s holdings in NIKE were worth $305,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Teachers Insurance & Annuity Association of America purchased a new position in shares of NIKE in the 3rd quarter valued at about $30,000. VitalStone Financial LLC lifted its position in shares of NIKE by 52.6% during the 3rd quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock worth $38,000 after purchasing an additional 150 shares during the last quarter. Dunhill Financial LLC grew its stake in shares of NIKE by 52.2% during the third quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker’s stock worth $44,000 after purchasing an additional 169 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in NIKE in the second quarter valued at $48,000. Finally, Ecofi Investissements SA acquired a new stake in NIKE in the second quarter valued at $49,000. 64.25% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

NIKE Price Performance

Shares of NYSE:NKE traded up $0.22 on Tuesday, hitting $72.22. The company had a trading volume of 5,383,675 shares, compared to its average volume of 10,229,771. The company has a current ratio of 2.36, a quick ratio of 1.58 and a debt-to-equity ratio of 0.57. The company has a market cap of $108.28 billion, a PE ratio of 20.69, a PEG ratio of 1.89 and a beta of 1.02. NIKE, Inc. has a 52-week low of $70.75 and a 52-week high of $107.43. The business has a 50 day moving average of $76.77 and a 200 day moving average of $78.93.

NIKE (NYSE:NKE) last released its earnings results 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 for the quarter, compared to analyst estimates of $12.11 billion. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 EPS. As a group, equities analysts anticipate that NIKE, Inc. will post 2.72 earnings per share for the current fiscal year.

NIKE Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Monday, December 2nd. This is a positive change from NIKE’s previous quarterly dividend of $0.37. NIKE’s dividend payout ratio is currently 49.38%.

Analyst Ratings Changes

A number of research analysts have recently commented on NKE shares. Stifel Nicolaus dropped their price objective on NIKE from $79.00 to $75.00 and set a “hold” rating on the stock in a report on Friday, December 20th. Guggenheim dropped their price target on shares of NIKE from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. reduced their price objective on shares of NIKE from $77.00 to $73.00 and set a “neutral” rating for the company in a research report on Monday, December 2nd. Piper Sandler reaffirmed a “neutral” rating and issued a $80.00 target price on shares of NIKE in a research report on Friday, September 20th. Finally, Telsey Advisory Group cut shares of NIKE from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $93.00 to $80.00 in a research report on Friday, December 20th. Fifteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, NIKE has a consensus rating of “Moderate Buy” and a consensus price target of $89.58.

About NIKE

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.