Kiley Juergens Wealth Management LLC Decreases Stock Holdings in NIKE, Inc. (NYSE:NKE)

Kiley Juergens Wealth Management LLC trimmed its holdings in NIKE, Inc. (NYSE:NKE) by 12.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 14,945 shares of the footwear maker’s stock after selling 2,059 shares during the period. Kiley Juergens Wealth Management LLC’s holdings in NIKE were worth $1,131,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NKE. Solidarity Wealth LLC lifted its position in shares of NIKE by 2.1% during the fourth quarter. Solidarity Wealth LLC now owns 73,159 shares of the footwear maker’s stock worth $5,566,000 after purchasing an additional 1,521 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in shares of NIKE by 5.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 240,685 shares of the footwear maker’s stock worth $18,212,000 after acquiring an additional 12,074 shares during the period. Mitchell & Pahl Private Wealth LLC grew its stake in NIKE by 23.5% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 16,871 shares of the footwear maker’s stock worth $1,277,000 after purchasing an additional 3,207 shares in the last quarter. Ballentine Partners LLC increased its holdings in NIKE by 2.4% during the 4th quarter. Ballentine Partners LLC now owns 24,207 shares of the footwear maker’s stock worth $1,832,000 after purchasing an additional 569 shares during the period. Finally, Addenda Capital Inc. raised its position in NIKE by 11.6% in the 4th quarter. Addenda Capital Inc. now owns 171,507 shares of the footwear maker’s stock valued at $13,040,000 after purchasing an additional 17,824 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insider Activity

In other news, Director John W. Rogers, Jr. acquired 2,500 shares of the business’s stock in a transaction dated Friday, December 27th. The stock was acquired at an average price of $76.65 per share, with a total value 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 represents a 7.84 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.

NIKE Price Performance

Shares of NYSE:NKE opened at $70.89 on Tuesday. 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 $104.85 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 2.25 and a beta of 1.02. The business’s 50 day simple moving average is $75.77 and its 200-day simple moving average is $77.95. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $12.11 billion. During the same quarter in the previous year, the business posted $1.03 earnings per share. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. As a group, equities analysts forecast that NIKE, Inc. will post 2.1 earnings per share for the current fiscal year.

NIKE Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.26%. This is a boost from NIKE’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, December 2nd. NIKE’s payout ratio is 49.38%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NKE. Jefferies Financial Group boosted their price objective on NIKE from $80.00 to $85.00 and gave the stock a “hold” rating in a research report on Monday, September 30th. Royal Bank of Canada reduced their price objective on shares of NIKE from $82.00 to $80.00 and set a “sector perform” rating on the stock in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft dropped their target price on NIKE from $92.00 to $82.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Stifel Nicolaus decreased their price target on NIKE from $79.00 to $75.00 and set a “hold” rating for the company in a report on Friday, December 20th. Finally, Piper Sandler upgraded NIKE from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $72.00 to $90.00 in a report on Friday, January 10th. Fourteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average 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.