NIKE, Inc. (NYSE:NKE) Shares Sold by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC lowered its position in NIKE, Inc. (NYSE:NKE) by 0.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,343 shares of the footwear maker’s stock after selling 233 shares during the quarter. Koss Olinger Consulting LLC’s holdings in NIKE were worth $2,240,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its holdings in NIKE by 86.0% in the first quarter. Advisors Asset Management Inc. now owns 20,957 shares of the footwear maker’s stock valued at $1,970,000 after acquiring an additional 9,689 shares during the last quarter. FORA Capital LLC acquired a new position in NIKE in the first quarter valued at $3,412,000. Cetera Advisors LLC boosted its holdings in NIKE by 85.5% in the first quarter. Cetera Advisors LLC now owns 88,299 shares of the footwear maker’s stock valued at $8,298,000 after acquiring an additional 40,704 shares during the last quarter. Koshinski Asset Management Inc. acquired a new position in NIKE in the first quarter valued at $713,000. Finally, New Mexico Educational Retirement Board boosted its holdings in NIKE by 15.7% in the first quarter. New Mexico Educational Retirement Board now owns 74,248 shares of the footwear maker’s stock valued at $6,978,000 after acquiring an additional 10,100 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Wall Street Analyst Weigh In

NKE has been the topic of several research reports. Citigroup cut their price objective on NIKE from $115.00 to $102.00 and set a “buy” rating on the stock in a research report on Friday, June 28th. Telsey Advisory Group cut their price objective on NIKE from $100.00 to $96.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Williams Trading raised NIKE from a “sell” rating to a “buy” rating and lifted their target price for the stock from $67.00 to $93.00 in a research report on Friday, August 16th. Piper Sandler reaffirmed a “neutral” rating and set a $80.00 target price on shares of NIKE in a research report on Friday, September 20th. Finally, HSBC lowered their price objective on NIKE from $100.00 to $90.00 and set a “hold” rating for the company in a report on Friday, June 28th. Fourteen research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, NIKE has an average rating of “Moderate Buy” and a consensus target price of $96.56.

Insider Buying and Selling at NIKE

In other NIKE news, Chairman Mark G. Parker sold 52,487 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total value of $4,093,986.00. Following the transaction, the chairman now owns 1,031,226 shares of the company’s stock, valued at approximately $80,435,628. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.50% of the stock is owned by corporate insiders.

NIKE Stock Performance

Shares of NYSE NKE opened at $82.92 on Monday. 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 stock has a 50 day simple moving average of $82.64 and a 200-day simple moving average of $85.24. The company has a market cap of $125.16 billion, a PE ratio of 22.23, a P/E/G ratio of 1.96 and a beta of 1.02. NIKE, Inc. has a 12-month low of $70.75 and a 12-month high of $123.39.

NIKE (NYSE:NKE) last announced its earnings results on Tuesday, October 1st. The footwear maker reported $0.70 EPS for the quarter, topping the consensus estimate of $0.52 by $0.18. NIKE had a return on equity of 39.84% and a net margin of 10.60%. The firm had revenue of $11.59 billion for the quarter, compared to analysts’ expectations of $11.64 billion. During the same quarter in the previous year, the company earned $0.94 earnings per share. The firm’s quarterly revenue was down 10.4% compared to the same quarter last year. On average, equities research analysts forecast that NIKE, Inc. will post 2.8 EPS for the current year.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd were issued a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.48 annualized dividend and a dividend yield of 1.78%. NIKE’s dividend payout ratio is currently 39.68%.

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.