Roberts Wealth Advisors LLC Sells 16,618 Shares of NIKE, Inc. (NYSE:NKE)

Roberts Wealth Advisors LLC reduced its holdings in shares of NIKE, Inc. (NYSE:NKE) by 32.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,189 shares of the footwear maker’s stock after selling 16,618 shares during the quarter. Roberts Wealth Advisors LLC’s holdings in NIKE were worth $2,501,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Loomis Sayles & Co. L P boosted its position in NIKE by 1,209,638.7% during the third quarter. Loomis Sayles & Co. L P now owns 6,508,394 shares of the footwear maker’s stock worth $575,342,000 after purchasing an additional 6,507,856 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of NIKE by 358.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 3,015,267 shares of the footwear maker’s stock worth $228,165,000 after buying an additional 2,357,745 shares during the last quarter. State Street Corp grew its stake in NIKE by 3.3% in the 3rd quarter. State Street Corp now owns 57,916,789 shares of the footwear maker’s stock valued at $5,140,796,000 after buying an additional 1,862,021 shares during the last quarter. Holocene Advisors LP acquired a new position in NIKE in the 3rd quarter valued at about $148,635,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in NIKE in the 3rd quarter valued at about $144,927,000. 64.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NKE. Truist Financial decreased their target price on NIKE from $97.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Evercore ISI decreased their price objective on NIKE from $105.00 to $97.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Robert W. Baird dropped their target price on NIKE from $110.00 to $105.00 and set an “outperform” rating for the company in a report on Monday, December 23rd. DA Davidson upgraded shares of NIKE to a “strong-buy” rating in a research note on Monday, December 23rd. Finally, Stifel Nicolaus dropped their price objective on shares of NIKE from $79.00 to $75.00 and set a “hold” rating for the company in a research note on Friday, December 20th. Fourteen equities 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.96.

Insider Buying and Selling

In other NIKE news, Director John W. Rogers, Jr. bought 2,500 shares of the stock in a transaction that occurred on Friday, December 27th. The shares were bought at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the acquisition, 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.

NIKE Stock Up 3.4 %

Shares of NYSE NKE opened at $73.22 on Wednesday. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The firm has a market cap of $108.30 billion, a PE ratio of 22.60, a P/E/G ratio of 2.25 and a beta of 1.02. The company’s fifty day simple moving average is $75.66 and its 200 day simple moving average is $77.92. NIKE, Inc. has a 12-month low of $70.32 and a 12-month high of $107.43.

NIKE (NYSE:NKE) last released its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $12.11 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The business’s revenue was down 7.7% on a year-over-year basis. As a group, sell-side analysts forecast that NIKE, Inc. will post 2.1 earnings per share for the current fiscal year.

NIKE Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were issued a dividend of $0.40 per share. This is an increase from NIKE’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, December 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.19%. NIKE’s payout ratio is currently 49.38%.

NIKE Company 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.