NIKE, Inc. (NYSE:NKE) Shares Sold by Evoke Wealth LLC

Evoke Wealth LLC lessened its position in NIKE, Inc. (NYSE:NKE) by 11.5% in the 4th quarter, Holdings Channel reports. The fund owned 39,618 shares of the footwear maker’s stock after selling 5,133 shares during the period. Evoke Wealth LLC’s holdings in NIKE were worth $3,014,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. OneDigital Investment Advisors LLC increased its position in NIKE by 7.8% during the third quarter. OneDigital Investment Advisors LLC now owns 16,792 shares of the footwear maker’s stock worth $1,484,000 after purchasing an additional 1,217 shares during the last quarter. Empowered Funds LLC boosted its holdings in NIKE by 10.7% in the third quarter. Empowered Funds LLC now owns 23,214 shares of the footwear maker’s stock worth $2,052,000 after purchasing an additional 2,243 shares during the period. Thrivent Financial for Lutherans boosted its position in NIKE by 4.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 66,417 shares of the footwear maker’s stock valued at $5,875,000 after purchasing an additional 2,843 shares during the period. TrinityPoint Wealth LLC grew its position in NIKE by 9.2% in the 3rd quarter. TrinityPoint Wealth LLC now owns 28,561 shares of the footwear maker’s stock worth $2,525,000 after purchasing an additional 2,408 shares during the last quarter. Finally, Prudent Man Advisors LLC raised its stake in NIKE by 42.0% during the 3rd quarter. Prudent Man Advisors LLC now owns 8,594 shares of the footwear maker’s stock valued at $760,000 after acquiring an additional 2,544 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insiders Place Their Bets

In other news, Director John W. Rogers, Jr. purchased 2,500 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The stock was purchased 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 approximately $2,636,989.95. This trade represents a 7.84 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the firm’s stock in a transaction that occurred on 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 sale, the chairman now directly 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 disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on NKE shares. Needham & Company LLC dropped their price target on shares of NIKE from $84.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday. Evercore ISI reduced their price objective on shares of NIKE from $105.00 to $97.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. Truist Financial lowered their price target on NIKE from $97.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Dbs Bank upgraded shares of NIKE from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. lowered their price target on NIKE from $77.00 to $73.00 and set a “neutral” rating for the company in a research note on Monday, December 2nd. Fourteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.54.

NIKE Price Performance

Shares of NYSE:NKE opened at $73.78 on Tuesday. The business’s 50 day moving average is $74.71 and its 200-day moving average is $77.71. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $109.13 billion, a PE ratio of 22.77, a PEG ratio of 2.52 and a beta of 1.02. NIKE, Inc. has a 1-year low of $68.62 and a 1-year high of $101.92.

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

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.17%. The ex-dividend date is Monday, March 3rd. NIKE’s dividend payout ratio is 49.38%.

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.