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

First Financial Corp IN trimmed its position in shares of NIKE, Inc. (NYSE:NKE) by 19.8% in the 1st quarter, Holdings Channel reports. The institutional investor 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 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Iron Horse Wealth Management LLC grew its position in NIKE by 120.7% in the 4th quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock valued at $28,000 after acquiring an additional 140 shares during the last quarter. Planned Solutions Inc. purchased a new position in NIKE in the 4th quarter worth about $29,000. True Wealth Design LLC lifted its holdings in NIKE by 106.4% during the 4th quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock valued at $32,000 after buying an additional 150 shares in the last quarter. Frank Rimerman Advisors LLC purchased a new stake in shares of NIKE in the fourth quarter valued at approximately $33,000. Finally, Core Wealth Advisors Inc. grew its stake in NIKE by 408.5% in the fourth quarter. Core Wealth Advisors Inc. now owns 300 shares of the footwear maker’s stock worth $33,000 after purchasing an additional 241 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

NIKE Price Performance

NKE traded down $0.57 during midday trading on Wednesday, hitting $94.18. 4,174,959 shares of the company traded hands, compared to its average volume of 9,146,076. The business has a 50 day simple moving average of $93.71 and a two-hundred day simple moving average of $99.52. NIKE, Inc. has a 52-week low of $88.66 and a 52-week high of $123.39. The company has a market capitalization of $142.15 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 1.80 and a beta of 1.05. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.57%. NIKE’s payout ratio is currently 43.53%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group lowered their price objective on shares of NIKE from $138.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Barclays cut their price objective on shares of NIKE from $142.00 to $114.00 and set an “overweight” rating on the stock in a report on Monday, March 25th. StockNews.com lowered NIKE from a “buy” rating to a “hold” rating in a research note on Friday, June 21st. Bank of America raised NIKE from a “neutral” rating to a “buy” rating and increased their price objective for the company from $110.00 to $113.00 in a report on Thursday, April 11th. Finally, JPMorgan Chase & Co. dropped their target price on NIKE from $122.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday, June 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $114.81.

Insider Activity

In other NIKE news, EVP Monique S. Matheson sold 45,000 shares of NIKE stock in a transaction on 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 sale, the executive vice president now owns 44,997 shares of the company’s stock, valued at approximately $4,236,917.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Johanna Nielsen sold 282 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $93.64, for a total value of $26,406.48. Following the completion of the sale, the vice president now owns 730 shares of the company’s stock, valued at $68,357.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Monique S. Matheson sold 45,000 shares of the business’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 transaction, the executive vice president now directly owns 44,997 shares in the company, valued at approximately $4,236,917.52. The disclosure for this sale can be found here. Insiders have sold a total of 213,660 shares of company stock worth $19,946,333 over the last quarter. 0.50% of the stock is currently owned by corporate insiders.

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.