First Financial Corp IN Sells 2,457 Shares of NIKE, Inc. (NYSE:NKE)

First Financial Corp IN cut its stake in shares of NIKE, Inc. (NYSE:NKE) by 19.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,926 shares of the footwear maker’s stock after selling 2,457 shares during the quarter. First Financial Corp IN’s holdings in NIKE were worth $933,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of NIKE during the 4th quarter valued at about $1,315,097,000. Price T Rowe Associates Inc. MD grew its position in shares of NIKE by 87.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,135,431 shares of the footwear maker’s stock worth $1,860,395,000 after buying an additional 7,996,434 shares during the period. Capital International Investors grew its position in shares of NIKE by 34.9% during the 4th quarter. Capital International Investors now owns 27,609,613 shares of the footwear maker’s stock worth $2,997,628,000 after buying an additional 7,143,775 shares during the period. Public Employees Retirement Association of Colorado increased its stake in shares of NIKE by 13,094.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,563,253 shares of the footwear maker’s stock valued at $169,722,000 after acquiring an additional 1,551,405 shares in the last quarter. Finally, GUARDCAP ASSET MANAGEMENT Ltd boosted its stake in NIKE by 25.5% during the fourth quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 4,714,494 shares of the footwear maker’s stock worth $511,853,000 after acquiring an additional 957,612 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Activity at NIKE

In other news, EVP Monique S. Matheson sold 45,000 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $94.16, for a total transaction of $4,237,200.00. Following the completion of the sale, the executive vice president now directly owns 44,997 shares in the company, valued at $4,236,917.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Monique S. Matheson sold 45,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $94.16, for a total value of $4,237,200.00. Following the completion of the sale, the executive vice president now owns 44,997 shares of the company’s stock, valued at $4,236,917.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Johanna Nielsen sold 282 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $93.64, for a total transaction of $26,406.48. Following the transaction, the vice president now directly owns 730 shares in the company, valued at $68,357.20. The disclosure for this sale can be found here. Insiders sold 213,660 shares of company stock worth $19,946,333 in the last three months. 0.50% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NKE. Oppenheimer upgraded NIKE from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $110.00 to $120.00 in a report on Friday, June 21st. Piper Sandler decreased their target price on shares of NIKE from $107.00 to $98.00 and set a “neutral” rating for the company in a research report on Friday, March 22nd. Wedbush reaffirmed an “outperform” rating and issued a $115.00 price target on shares of NIKE in a research report on Tuesday, April 30th. UBS Group decreased their price objective on NIKE from $138.00 to $125.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Finally, Williams Trading restated a “sell” rating and issued a $85.00 target price (down previously from $92.00) on shares of NIKE in a report on Monday, March 18th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, NIKE has a consensus rating of “Moderate Buy” and a consensus target price of $114.81.

NIKE Trading Down 0.6 %

NYSE NKE traded down $0.57 during trading on Wednesday, hitting $94.18. 4,174,959 shares of the company’s stock traded hands, compared to its average volume of 9,146,076. The stock has a fifty day moving average of $93.71 and a two-hundred day moving average of $99.52. NIKE, Inc. has a 12-month low of $88.66 and a 12-month high of $123.39. The firm has a market cap of $142.15 billion, a P/E ratio of 27.60, a PEG ratio of 1.80 and a beta of 1.05. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Monday, June 3rd. NIKE’s payout ratio is 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.