Values Added Financial LLC Sells 349 Shares of NIKE, Inc. (NYSE:NKE)

Values Added Financial LLC cut its stake in shares of NIKE, Inc. (NYSE:NKE) by 8.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,560 shares of the footwear maker’s stock after selling 349 shares during the quarter. Values Added Financial LLC’s holdings in NIKE were worth $269,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Catalyst Financial Partners LLC lifted its position in NIKE by 12.5% in the 4th quarter. Catalyst Financial Partners LLC now owns 3,665 shares of the footwear maker’s stock valued at $277,000 after acquiring an additional 407 shares in the last quarter. IMS Capital Management raised its stake in shares of NIKE by 8.8% in the fourth quarter. IMS Capital Management now owns 24,113 shares of the footwear maker’s stock worth $1,825,000 after purchasing an additional 1,952 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of NIKE by 3.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 598,091 shares of the footwear maker’s stock valued at $45,706,000 after purchasing an additional 18,946 shares in the last quarter. Life Planning Partners Inc purchased a new stake in shares of NIKE during the fourth quarter valued at $11,183,000. Finally, Avestar Capital LLC increased its holdings in NIKE by 23.4% in the 4th quarter. Avestar Capital LLC now owns 8,337 shares of the footwear maker’s stock worth $634,000 after buying an additional 1,583 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on NKE shares. Bank of America lowered their target price on shares of NIKE from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Telsey Advisory Group restated a “market perform” rating and set a $80.00 price objective on shares of NIKE in a research report on Thursday, February 6th. Evercore ISI cut their target price on shares of NIKE from $105.00 to $97.00 and set an “outperform” rating for the company in a research report 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. Finally, BMO Capital Markets raised their price target on NIKE from $92.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Fifteen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.62.

Insider Transactions at NIKE

In other news, Director John W. Rogers, Jr. acquired 2,500 shares of NIKE stock in a transaction that occurred on Friday, December 27th. The shares were bought at an average cost of $76.65 per share, with a total value of $191,625.00. Following the transaction, the director now directly owns 34,403 shares of the company’s stock, valued at $2,636,989.95. This trade represents a 7.84 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.10% of the company’s stock.

NIKE Stock Performance

NKE opened at $73.25 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The stock has a market capitalization of $108.35 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 2.34 and a beta of 1.01. The company has a fifty day moving average of $74.68 and a 200 day moving average of $78.04. NIKE, Inc. has a fifty-two week low of $68.62 and a fifty-two week high of $107.34.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.15. The business had revenue of $12.35 billion for the quarter, compared to the consensus estimate of $12.11 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.03 earnings per share. As a group, sell-side analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.18%. NIKE’s dividend payout ratio (DPR) is presently 49.38%.

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.