TD Private Client Wealth LLC Sells 1,497 Shares of NIKE, Inc. (NYSE:NKE)

TD Private Client Wealth LLC reduced its position in NIKE, Inc. (NYSE:NKE) by 18.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,821 shares of the footwear maker’s stock after selling 1,497 shares during the period. TD Private Client Wealth LLC’s holdings in NIKE were worth $516,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Teachers Insurance & Annuity Association of America bought a new stake in shares of NIKE in the third quarter worth approximately $30,000. Caitlin John LLC boosted its holdings in NIKE by 117.0% in the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 200 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in NIKE in the 4th quarter worth approximately $28,000. Roxbury Financial LLC purchased a new stake in NIKE during the 4th quarter valued at $30,000. Finally, LFA Lugano Financial Advisors SA lifted its holdings in shares of NIKE by 110.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock valued at $30,000 after buying an additional 210 shares during the period. 64.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on NKE. Jefferies Financial Group upgraded NIKE from a “hold” rating to a “buy” rating and upped their price objective for the company from $75.00 to $115.00 in a research report on Monday, February 24th. UBS Group reduced their price target on shares of NIKE from $73.00 to $66.00 and set a “neutral” rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of NIKE from $92.00 to $82.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Piper Sandler raised shares of NIKE from a “neutral” rating to an “overweight” rating and upped their target price for the company from $72.00 to $90.00 in a report on Friday, January 10th. Finally, Royal Bank of Canada dropped their price target on shares of NIKE from $67.00 to $66.00 and set a “sector perform” rating on the stock in a research note on Friday. Fifteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, NIKE has an average rating of “Moderate Buy” and a consensus target price of $87.38.

NIKE Stock Down 0.7 %

Shares of NYSE:NKE opened at $67.45 on Tuesday. The company has a market cap of $99.76 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 2.52 and a beta of 1.02. NIKE, Inc. has a 12 month low of $65.17 and a 12 month high of $98.04. 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 company has a 50-day moving average price of $74.61 and a 200 day moving average price of $77.31.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.26. The business had revenue of $11.27 billion during the quarter, compared to analyst estimates of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same period last year, the company earned $0.98 EPS. As a group, equities research analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE’s payout ratio is 53.16%.

Insider Buying and Selling at NIKE

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the business’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 completion of the transaction, the chairman now owns 896,632 shares in the company, valued at $65,301,708.56. The trade was a 15.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 acquired at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the purchase, the director now owns 34,403 shares of the company’s stock, valued at approximately $2,636,989.95. The trade was a 7.84 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.

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.