M. Kulyk & Associates LLC Lowers Stock Holdings in NIKE, Inc. (NYSE:NKE)

M. Kulyk & Associates LLC decreased its position in shares of NIKE, Inc. (NYSE:NKE) by 0.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 86,095 shares of the footwear maker’s stock after selling 236 shares during the quarter. NIKE makes up 1.4% of M. Kulyk & Associates LLC’s holdings, making the stock its 25th largest holding. M. Kulyk & Associates LLC’s holdings in NIKE were worth $6,515,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Heck Capital Advisors LLC purchased a new stake in NIKE in the 4th quarter worth $28,000. Caitlin John LLC lifted its stake in NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 200 shares in the last quarter. Teachers Insurance & Annuity Association of America purchased a new stake in NIKE in the 3rd quarter worth $30,000. Roxbury Financial LLC purchased a new stake in NIKE in the 4th quarter worth $30,000. Finally, BankPlus Trust Department purchased a new stake in NIKE in the 4th quarter worth $34,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insider Transactions at NIKE

In other NIKE news, Director John W. Rogers, Jr. purchased 2,500 shares of the stock in a transaction dated Friday, December 27th. The stock was purchased at an average price of $76.65 per share, with a total value of $191,625.00. Following the transaction, the director now owns 34,403 shares of the company’s stock, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $65,301,708.56. The trade was a 15.92 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

NIKE Price Performance

NIKE stock opened at $78.68 on Friday. The stock has a market cap of $116.38 billion, a price-to-earnings ratio of 24.28, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. 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, Inc. has a 1 year low of $68.62 and a 1 year high of $102.49. The firm has a 50-day moving average of $74.76 and a two-hundred day moving average of $78.18.

NIKE (NYSE:NKE) last announced 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. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm had revenue of $12.35 billion during the quarter, compared to analysts’ expectations of $12.11 billion. During the same quarter in the prior year, the company earned $1.03 EPS. The company’s revenue was down 7.7% compared to the same quarter last year. On average, research analysts forecast 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. Stockholders 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 dividend yield of 2.03%. NIKE’s payout ratio is presently 49.38%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NKE. Jefferies Financial Group upgraded shares of NIKE from a “hold” rating to a “buy” rating and boosted their price target for the stock from $75.00 to $115.00 in a research note on Monday, February 24th. Guggenheim restated a “buy” rating and issued a $110.00 target price on shares of NIKE in a report on Wednesday, February 12th. Piper Sandler upgraded shares of NIKE from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $72.00 to $90.00 in a report on Friday, January 10th. BMO Capital Markets boosted their target price on shares of NIKE from $92.00 to $95.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Finally, Needham & Company LLC restated a “buy” rating and issued a $84.00 target price on shares of NIKE in a report on Friday, February 7th. Fourteen equities 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 company. According to MarketBeat.com, NIKE has an average rating of “Moderate Buy” and a consensus target price of $89.77.

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.