NIKE, Inc. (NYSE:NKE) Holdings Trimmed by Community Bank N.A.

Community Bank N.A. trimmed its position in shares of NIKE, Inc. (NYSE:NKE) by 5.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,885 shares of the footwear maker’s stock after selling 1,211 shares during the period. Community Bank N.A.’s holdings in NIKE were worth $2,267,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. grew its position in NIKE by 10.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 54,511 shares of the footwear maker’s stock worth $5,934,000 after purchasing an additional 5,351 shares in the last quarter. Capital Advisors Ltd. LLC grew its position in NIKE by 7.2% during the 4th quarter. Capital Advisors Ltd. LLC now owns 2,783 shares of the footwear maker’s stock worth $302,000 after purchasing an additional 188 shares in the last quarter. Harvest Fund Management Co. Ltd grew its position in NIKE by 279.6% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 3,280 shares of the footwear maker’s stock worth $356,000 after purchasing an additional 2,416 shares in the last quarter. Mizuho Securities Co. Ltd. grew its position in NIKE by 100.0% during the 4th quarter. Mizuho Securities Co. Ltd. now owns 340 shares of the footwear maker’s stock worth $37,000 after purchasing an additional 170 shares in the last quarter. Finally, NewSquare Capital LLC grew its position in NIKE by 372.0% during the 4th quarter. NewSquare Capital LLC now owns 354 shares of the footwear maker’s stock worth $38,000 after purchasing an additional 279 shares in the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. The Goldman Sachs Group lowered their price target on shares of NIKE from $135.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Bank of America upgraded shares of NIKE from a “neutral” rating to a “buy” rating and boosted their price target for the company from $110.00 to $113.00 in a report on Thursday, April 11th. Piper Sandler lowered their price target on shares of NIKE from $107.00 to $98.00 and set a “neutral” rating on the stock in a report on Friday, March 22nd. Jefferies Financial Group reduced their price objective on shares of NIKE from $110.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, March 22nd. Finally, Williams Trading reaffirmed a “sell” rating and issued a $85.00 price objective (down previously from $92.00) on shares of NIKE in a research note on Monday, March 18th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $116.26.

NIKE Stock Performance

Shares of NKE traded up $0.62 during trading hours on Wednesday, reaching $94.64. 6,444,777 shares of the company traded hands, compared to its average volume of 9,523,251. The stock’s fifty day moving average is $97.39 and its 200 day moving average is $103.38. The stock has a market cap of $142.85 billion, a P/E ratio of 27.84, a price-to-earnings-growth ratio of 1.82 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74. NIKE, Inc. has a 1-year low of $88.66 and a 1-year high of $128.68.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.29. The business had revenue of $12.43 billion during the quarter, compared to analyst estimates of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. Equities research analysts anticipate that NIKE, Inc. will post 3.73 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Friday, March 1st. NIKE’s dividend payout ratio is currently 43.53%.

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.