Avior Wealth Management LLC Sells 1,654 Shares of NIKE, Inc. (NYSE:NKE)

Avior Wealth Management LLC reduced its stake in NIKE, Inc. (NYSE:NKE) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,383 shares of the footwear maker’s stock after selling 1,654 shares during the period. Avior Wealth Management LLC’s holdings in NIKE were worth $2,450,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of NKE. Teachers Insurance & Annuity Association of America bought a new stake in shares of NIKE during the 3rd quarter valued at $30,000. VitalStone Financial LLC lifted its holdings in shares of NIKE by 52.6% during the third quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock valued at $38,000 after purchasing an additional 150 shares during the last quarter. Dunhill Financial LLC grew its stake in shares of NIKE by 52.2% in the 3rd quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker’s stock worth $44,000 after buying an additional 169 shares during the last quarter. Riverview Trust Co bought a new position in NIKE during the 3rd quarter valued at approximately $52,000. Finally, Catalyst Capital Advisors LLC bought a new stake in NIKE in the third quarter worth $54,000. 64.25% of the stock is owned by institutional investors.

NIKE Trading Up 0.5 %

NIKE stock opened at $74.44 on Friday. NIKE, Inc. has a 12-month low of $70.32 and a 12-month high of $107.43. The firm has a market capitalization of $110.10 billion, a price-to-earnings ratio of 22.97, a P/E/G ratio of 2.33 and a beta of 1.02. The firm has a 50 day moving average of $75.54 and a 200 day moving average of $77.88. 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 posted its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.15. The company had revenue of $12.35 billion for the quarter, compared to analysts’ expectations of $12.11 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The firm’s revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 EPS. As a group, research analysts predict that NIKE, Inc. will post 2.1 earnings per share for the current year.

NIKE Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were paid a $0.40 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.60 annualized dividend and a yield of 2.15%. This is a boost from NIKE’s previous quarterly dividend of $0.37. NIKE’s payout ratio is presently 49.38%.

Insider Buying and Selling at NIKE

In other NIKE news, Director John W. Rogers, Jr. purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were bought at an average price of $76.65 per share, with a total value of $191,625.00. Following the completion of the purchase, the director now directly owns 34,403 shares in the company, valued at $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NKE. Jefferies Financial Group raised their price objective on shares of NIKE from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Monday, September 30th. TD Cowen decreased their price target on NIKE from $78.00 to $73.00 and set a “hold” rating for the company in a research note on Monday, November 18th. DA Davidson raised NIKE to a “strong-buy” rating in a research report on Monday, December 23rd. Needham & Company LLC reissued a “buy” rating and issued a $84.00 target price on shares of NIKE in a research report on Friday, December 20th. Finally, JPMorgan Chase & Co. dropped their price target on shares of NIKE from $77.00 to $73.00 and set a “neutral” rating on the stock in a report on Monday, December 2nd. Fourteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, NIKE currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.96.

NIKE 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.