NIKE, Inc. (NYSE:NKE) Shares Bought by City Holding Co.

City Holding Co. grew its holdings in NIKE, Inc. (NYSE:NKE) by 8.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,019 shares of the footwear maker’s stock after purchasing an additional 1,495 shares during the quarter. City Holding Co.’s holdings in NIKE were worth $1,770,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. XML Financial LLC purchased a new stake in NIKE in the 4th quarter valued at $214,000. Bellevue Group AG acquired a new stake in NIKE during the fourth quarter worth about $369,000. MGO One Seven LLC increased its position in NIKE by 4.8% during the fourth quarter. MGO One Seven LLC now owns 18,637 shares of the footwear maker’s stock worth $2,023,000 after purchasing an additional 857 shares during the last quarter. Icon Wealth Advisors LLC purchased a new position in NIKE during the fourth quarter worth about $1,820,000. Finally, Ethic Inc. boosted its holdings in NIKE by 20.2% in the 4th quarter. Ethic Inc. now owns 110,921 shares of the footwear maker’s stock valued at $12,043,000 after purchasing an additional 18,645 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NKE has been the topic of a number of recent analyst reports. UBS Group upped their price objective on NIKE from $78.00 to $82.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. TD Cowen upped their price target on NIKE from $71.00 to $78.00 and gave the company a “hold” rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group cut their price objective on NIKE from $118.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, June 28th. Truist Financial reduced their price objective on shares of NIKE from $85.00 to $83.00 and set a “hold” rating on the stock in a report on Wednesday, October 2nd. Finally, HSBC dropped their price target on shares of NIKE from $100.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, June 28th. Fifteen investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.04.

Insider Activity

In related news, Chairman Mark G. Parker sold 52,487 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the completion of the sale, the chairman now owns 1,031,226 shares in the company, valued at $80,435,628. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Chairman Mark G. Parker sold 52,487 shares of NIKE stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the sale, the chairman now directly owns 1,031,226 shares in the company, valued at $80,435,628. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Mark G. Parker sold 110,000 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $72.97, for a total transaction of $8,026,700.00. Following the completion of the sale, the chairman now directly owns 1,102,090 shares of the company’s stock, valued at approximately $80,419,507.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

NIKE Stock Down 0.1 %

Shares of NIKE stock opened at $80.77 on Wednesday. NIKE, Inc. has a 52-week low of $70.75 and a 52-week high of $123.39. The company has a 50 day moving average of $81.05 and a 200 day moving average of $85.91. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $121.91 billion, a P/E ratio of 21.65, a P/E/G ratio of 2.30 and a beta of 1.02.

NIKE (NYSE:NKE) last released its quarterly earnings data on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.18. The business had revenue of $11.59 billion during the quarter, compared to analysts’ expectations of $11.64 billion. NIKE had a net margin of 11.10% and a return on equity of 42.63%. The company’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.94 EPS. As a group, research analysts forecast that NIKE, Inc. will post 3.04 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.48 annualized dividend and a dividend yield of 1.83%. NIKE’s dividend payout ratio is currently 39.68%.

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.