Mount Yale Investment Advisors LLC Has $2.28 Million Holdings in NIKE, Inc. (NYSE:NKE)

Mount Yale Investment Advisors LLC decreased its holdings in shares of NIKE, Inc. (NYSE:NKE) by 48.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,127 shares of the footwear maker’s stock after selling 28,830 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in NIKE were worth $2,280,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Teachers Insurance & Annuity Association of America bought a new position in NIKE in the third quarter valued at about $30,000. VitalStone Financial LLC boosted its position in NIKE by 52.6% during the 3rd quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock worth $38,000 after buying an additional 150 shares during the period. Dunhill Financial LLC increased its position in NIKE by 52.2% in the 3rd quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker’s stock valued at $44,000 after acquiring an additional 169 shares during the period. Ecofi Investissements SA bought a new position in shares of NIKE during the second quarter valued at $49,000. Finally, Riverview Trust Co bought a new stake in shares of NIKE in the third quarter worth $52,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director John W. Rogers, Jr. bought 2,500 shares of NIKE stock in a transaction dated Friday, December 27th. The stock was purchased 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 approximately $2,636,989.95. The trade was a 7.84 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

NIKE Price Performance

NKE opened at $73.60 on Monday. NIKE, Inc. has a 1 year low of $70.32 and a 1 year high of $107.43. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The company has a market capitalization of $108.86 billion, a price-to-earnings ratio of 22.72, a P/E/G ratio of 2.36 and a beta of 1.02. The firm’s fifty day moving average price is $75.45 and its two-hundred day moving average price is $77.94.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.15. The business had revenue of $12.35 billion for the quarter, compared to analysts’ expectations of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 earnings per share. As a group, analysts anticipate that NIKE, Inc. will post 2.1 earnings per share for the current fiscal year.

NIKE Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.17%. This is an increase from NIKE’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, December 2nd. NIKE’s dividend payout ratio (DPR) is presently 49.38%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. TD Cowen lowered their target price on NIKE from $78.00 to $73.00 and set a “hold” rating for the company in a research report on Monday, November 18th. Truist Financial lowered their price target on shares of NIKE from $97.00 to $90.00 and set a “buy” rating for the company in a report on Friday, December 20th. Telsey Advisory Group lowered shares of NIKE from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $93.00 to $80.00 in a research note on Friday, December 20th. Robert W. Baird lowered their target price on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating for the company in a research note on Monday, December 23rd. Finally, UBS Group reiterated a “neutral” rating and set a $73.00 price target on shares of NIKE in a report on Thursday, December 26th. Fourteen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, NIKE currently has an average rating of “Moderate Buy” and an average target price 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.