Enterprise Bank & Trust Co Buys 145 Shares of NIKE, Inc. (NYSE:NKE)

Enterprise Bank & Trust Co lifted its stake in shares of NIKE, Inc. (NYSE:NKE – Get Rating) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,844 shares of the footwear maker’s stock after acquiring an additional 145 shares during the quarter. NIKE comprises approximately 1.6% of Enterprise Bank & Trust Co’s holdings, making the stock its 16th largest position. Enterprise Bank & Trust Co’s holdings in NIKE were worth $3,375,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in NKE. Turim 21 Investimentos Ltda. boosted its stake in NIKE by 821.1% during the 3rd quarter. Turim 21 Investimentos Ltda. now owns 350 shares of the footwear maker’s stock valued at $29,000 after purchasing an additional 312 shares during the period. Worth Asset Management LLC bought a new stake in NIKE during the 1st quarter valued at approximately $32,000. Ameliora Wealth Management Ltd. bought a new stake in NIKE during the 3rd quarter valued at approximately $33,000. Moisand Fitzgerald Tamayo LLC boosted its stake in NIKE by 32.8% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 482 shares of the footwear maker’s stock valued at $40,000 after purchasing an additional 119 shares during the period. Finally, Penserra Capital Management LLC bought a new stake in NIKE during the 3rd quarter valued at approximately $42,000. Institutional investors own 63.20% of the company’s stock.

Insider Transactions at NIKE

In related news, Director Peter B. Henry purchased 557 shares of NIKE stock in a transaction dated Tuesday, February 7th. The shares were acquired at an average cost of $125.45 per share, for a total transaction of $69,875.65. Following the transaction, the director now directly owns 4,062 shares of the company’s stock, valued at $509,577.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Peter B. Henry purchased 557 shares of NIKE stock in a transaction dated Tuesday, February 7th. The shares were acquired at an average cost of $125.45 per share, for a total transaction of $69,875.65. Following the transaction, the director now directly owns 4,062 shares of the company’s stock, valued at $509,577.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Monique S. Matheson sold 5,000 shares of the firm’s stock in a transaction on Friday, January 6th. The stock was sold at an average price of $124.00, for a total value of $620,000.00. Following the completion of the transaction, the executive vice president now owns 60,213 shares in the company, valued at $7,466,412. The disclosure for this sale can be found here. 0.40% of the stock is owned by corporate insiders.

NIKE Trading Down 0.2 %

NKE traded down $0.26 during mid-day trading on Friday, reaching $120.39. The stock had a trading volume of 12,868,912 shares, compared to its average volume of 6,002,870. The stock has a market capitalization of $186.67 billion, a P/E ratio of 33.91, a P/E/G ratio of 3.81 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.78 and a current ratio of 2.69. The firm’s fifty day simple moving average is $123.67 and its two-hundred day simple moving average is $109.91. NIKE, Inc. has a 52 week low of $82.22 and a 52 week high of $139.86.

NIKE (NYSE:NKE – Get Rating) last announced its quarterly earnings data on Tuesday, December 20th. The footwear maker reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.20. The firm had revenue of $13.32 billion for the quarter, compared to analyst estimates of $12.61 billion. NIKE had a return on equity of 36.83% and a net margin of 11.47%. On average, equities analysts predict that NIKE, Inc. will post 3.13 EPS for the current year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Monday, March 6th will be given a $0.34 dividend. The ex-dividend date is Friday, March 3rd. This represents a $1.36 annualized dividend and a dividend yield of 1.13%. NIKE’s dividend payout ratio is currently 38.31%.

Analysts Set New Price Targets

NKE has been the subject of a number of research reports. Sanford C. Bernstein set a $122.00 price objective on NIKE in a research report on Monday, January 2nd. Royal Bank of Canada set a $145.00 price objective on NIKE in a research report on Friday. Telsey Advisory Group raised their price objective on NIKE from $133.00 to $138.00 and gave the stock an “outperform” rating in a research report on Friday. Wedbush raised their price objective on NIKE from $120.00 to $125.00 in a research report on Wednesday, December 21st. Finally, Piper Sandler raised their price objective on NIKE from $95.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 21st. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, NIKE presently has an average rating of “Moderate Buy” and a consensus price target of $129.66.

NIKE Company Profile

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NIKE, Inc engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America, Europe, Middle East & Africa, Greater China, Asia Pacific & Latin America, Global Brand Divisions, Converse, and Corporate.