Bradley Foster & Sargent Inc. CT lessened its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 27.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 196,529 shares of the footwear maker's stock after selling 73,592 shares during the period. Bradley Foster & Sargent Inc. CT's holdings in NIKE were worth $14,871,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp boosted its position in shares of NIKE by 3.3% in the third quarter. State Street Corp now owns 57,916,789 shares of the footwear maker's stock worth $5,140,796,000 after purchasing an additional 1,862,021 shares during the period. Wellington Management Group LLP boosted its holdings in NIKE by 5.1% in the 3rd quarter. Wellington Management Group LLP now owns 27,442,145 shares of the footwear maker's stock worth $2,425,886,000 after buying an additional 1,343,093 shares during the period. Geode Capital Management LLC boosted its holdings in NIKE by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 25,029,380 shares of the footwear maker's stock worth $2,204,451,000 after buying an additional 251,411 shares during the period. Fisher Asset Management LLC increased its stake in NIKE by 6.0% in the 3rd quarter. Fisher Asset Management LLC now owns 10,303,182 shares of the footwear maker's stock worth $910,801,000 after buying an additional 583,207 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in NIKE by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,602,534 shares of the footwear maker's stock valued at $760,716,000 after acquiring an additional 117,187 shares during the period. Hedge funds and other institutional investors own 64.25% of the company's stock.
In related news, Chairman Mark G. Parker sold 169,732 shares of the business's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $72.83, for a total value of $12,361,581.56. Following the completion of the sale, the chairman now owns 896,632 shares of the company's stock, valued at approximately $65,301,708.56. The trade was a 15.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John W. Rogers, Jr. bought 2,500 shares of the business's stock in a transaction dated Friday, December 27th. The shares were bought at an average cost of $76.65 per share, with a total value of $191,625.00. Following the purchase, the director now directly owns 34,403 shares of the company's stock, valued at approximately $2,636,989.95. This represents a 7.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company's stock.
Shares of NKE opened at $77.19 on Friday. The stock's 50-day moving average price is $74.33 and its 200-day moving average price is $78.05. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $114.17 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 2.50 and a beta of 1.01. NIKE, Inc. has a 52 week low of $68.62 and a 52 week high of $106.62.
NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.15. The firm had revenue of $12.35 billion for the quarter, compared to the consensus estimate of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm's quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 earnings per share. On average, sell-side analysts predict that NIKE, Inc. will post 2.05 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.07%. The ex-dividend date is Monday, March 3rd. NIKE's payout ratio is currently 49.38%.
NKE has been the topic of several recent analyst reports. Evercore ISI decreased their target price on NIKE from $105.00 to $97.00 and set an "outperform" rating on the stock in a research note on Monday, December 16th. Telsey Advisory Group reiterated a "market perform" rating and set a $80.00 price objective on shares of NIKE in a research report on Wednesday. DA Davidson raised NIKE to a "strong-buy" rating in a research note on Monday, December 23rd. Royal Bank of Canada decreased their target price on shares of NIKE from $82.00 to $80.00 and set a "sector perform" rating on the stock in a research report on Thursday, November 7th. Finally, Truist Financial dropped their price target on NIKE from $97.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, December 20th. Fifteen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, NIKE currently has an average rating of "Moderate Buy" and an average price target of $88.62.
Read Our Latest Stock Analysis on NKE
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.
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