Kampmann Melissa S. Sells 9,315 Shares of NIKE, Inc. (NYSE:NKE)

Kampmann Melissa S. trimmed its position in shares of NIKE, Inc. (NYSE:NKE) by 63.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,290 shares of the footwear maker’s stock after selling 9,315 shares during the period. Kampmann Melissa S.’s holdings in NIKE were worth $400,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of NKE. Heck Capital Advisors LLC bought a new position in shares of NIKE during the fourth quarter valued at about $28,000. Caitlin John LLC raised its stake 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 buying an additional 200 shares in the last quarter. Teachers Insurance & Annuity Association of America bought a new position in NIKE in the third quarter worth about $30,000. Roxbury Financial LLC bought a new position in NIKE in the fourth quarter worth about $30,000. Finally, LFA Lugano Financial Advisors SA raised its stake in NIKE by 110.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock worth $30,000 after buying an additional 210 shares in the last quarter. 64.25% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Chairman Mark G. Parker sold 169,732 shares of the firm’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the sale, the chairman now directly owns 896,632 shares in the company, valued at $65,301,708.56. This trade represents a 15.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John W. Rogers, Jr. acquired 2,500 shares of the firm’s stock in a transaction dated Friday, December 27th. The shares were purchased at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the transaction, the director now directly owns 34,403 shares in the company, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

NKE has been the subject of a number of research reports. Dbs Bank raised shares of NIKE from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Wells Fargo & Company decreased their price target on shares of NIKE from $95.00 to $92.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Piper Sandler raised shares of NIKE from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $72.00 to $90.00 in a research note on Friday, January 10th. Jefferies Financial Group raised shares of NIKE from a “hold” rating to a “buy” rating and increased their price target for the stock from $75.00 to $115.00 in a research note on Monday, February 24th. Finally, Citigroup downgraded shares of NIKE from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $102.00 to $72.00 in a research note on Friday, February 7th. Fifteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, NIKE has an average rating of “Moderate Buy” and an average price target of $89.54.

NIKE Trading Down 0.5 %

Shares of NKE stock opened at $72.92 on Thursday. NIKE, Inc. has a 12-month low of $68.62 and a 12-month high of $101.92. 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 firm’s 50 day moving average is $74.76 and its 200 day moving average is $77.60. The stock has a market capitalization of $107.86 billion, a P/E ratio of 22.51, a P/E/G ratio of 2.52 and a beta of 1.02.

NIKE (NYSE:NKE) last issued its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company had revenue of $12.35 billion for the quarter, compared to analysts’ expectations of $12.11 billion. During the same quarter last year, the company posted $1.03 earnings per share. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. Research analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 annualized dividend and a yield of 2.19%. NIKE’s payout ratio is presently 49.38%.

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.