Atlanta Consulting Group Advisors LLC Sells 3,707 Shares of NIKE, Inc. (NYSE:NKE)

Atlanta Consulting Group Advisors LLC lessened its holdings in NIKE, Inc. (NYSE:NKE) by 33.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 7,278 shares of the footwear maker’s stock after selling 3,707 shares during the period. Atlanta Consulting Group Advisors LLC’s holdings in NIKE were worth $551,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Teachers Insurance & Annuity Association of America bought a new stake in NIKE during the 3rd quarter worth approximately $30,000. Caitlin John LLC raised its stake in NIKE by 117.0% during the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock worth $28,000 after acquiring an additional 200 shares during the period. Heck Capital Advisors LLC bought a new stake in NIKE during the 4th quarter worth approximately $28,000. Roxbury Financial LLC bought a new stake in NIKE during the 4th quarter worth approximately $30,000. Finally, LFA Lugano Financial Advisors SA raised its stake in NIKE by 110.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock worth $30,000 after acquiring an additional 210 shares during the period. Institutional investors own 64.25% of the company’s stock.

NIKE Stock Down 1.3 %

NYSE:NKE opened at $71.72 on Monday. NIKE, Inc. has a twelve month low of $68.62 and a twelve month high of $101.92. The company has a market cap of $106.08 billion, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. The stock has a fifty day simple moving average of $74.68 and a 200-day simple moving average of $77.77. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE) last released its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.15. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business had revenue of $12.35 billion during the quarter, compared to the consensus estimate of $12.11 billion. During the same period last year, the company earned $1.03 earnings per share. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. Analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be given a dividend of $0.40 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.23%. NIKE’s dividend payout ratio (DPR) is 49.38%.

Wall Street Analyst Weigh In

NKE has been the topic of a number of recent analyst reports. TD Cowen decreased their target price on shares of NIKE from $78.00 to $73.00 and set a “hold” rating on the stock in a research note on Monday, November 18th. Evercore ISI decreased their target price on shares of NIKE from $105.00 to $97.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Jefferies Financial Group upgraded shares of NIKE from a “hold” rating to a “buy” rating and lifted their price objective for the company from $75.00 to $115.00 in a research report on Monday, February 24th. Wells Fargo & Company reduced their price objective on shares of NIKE from $95.00 to $92.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Finally, Piper Sandler upgraded shares of NIKE from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $72.00 to $90.00 in a research report on Friday, January 10th. Fourteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $89.69.

Insider Transactions at NIKE

In other news, Director John W. Rogers, Jr. acquired 2,500 shares of the firm’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 acquisition, the director now directly owns 34,403 shares of the company’s stock, valued at $2,636,989.95. The trade was a 7.84 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of NIKE stock in a transaction dated 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 $65,301,708.56. The trade was a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

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.