NIKE, Inc. (NYSE:NKE) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. lowered its position in shares of NIKE, Inc. (NYSE:NKE) by 4.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 774,428 shares of the footwear maker’s stock after selling 34,792 shares during the quarter. Bessemer Group Inc.’s holdings in NIKE were worth $58,600,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new stake in shares of NIKE during the 4th quarter valued at approximately $28,000. Caitlin John LLC raised its holdings in shares of NIKE by 117.0% during the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 200 shares during the period. Roxbury Financial LLC bought a new position in shares of NIKE in the 4th quarter worth about $30,000. LFA Lugano Financial Advisors SA lifted its position in shares of NIKE by 110.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock worth $30,000 after buying an additional 210 shares during the last quarter. Finally, Hopwood Financial Services Inc. bought a new stake in shares of NIKE during the 4th quarter valued at about $30,000. Institutional investors own 64.25% of the company’s stock.

Insider Activity

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $72.83, for a total value of $12,361,581.56. Following the transaction, the chairman now directly owns 896,632 shares of the company’s stock, valued at $65,301,708.56. This trade represents a 15.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert Holmes Swan acquired 8,600 shares of the business’s stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average cost of $58.46 per share, with a total value of $502,756.00. Following the completion of the transaction, the director now directly owns 31,983 shares in the company, valued at approximately $1,869,726.18. The trade was a 36.78 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.10% of the company’s stock.

NIKE Stock Performance

NYSE:NKE opened at $59.40 on Thursday. The stock has a market capitalization of $87.86 billion, a P/E ratio of 18.33, a P/E/G ratio of 2.52 and a beta of 1.15. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 12-month low of $52.37 and a 12-month high of $98.04. The stock has a 50-day moving average price of $70.93 and a 200 day moving average price of $75.39.

NIKE (NYSE:NKE) last released its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.26. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business had revenue of $11.27 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same quarter last year, the firm posted $0.98 earnings per share. The business’s revenue was down 9.1% compared to the same quarter last year. Equities research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were issued a dividend of $0.40 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.69%. NIKE’s dividend payout ratio (DPR) is presently 53.16%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NKE. BMO Capital Markets cut their price target on NIKE from $95.00 to $92.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. Morgan Stanley reduced their price target on shares of NIKE from $72.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, March 21st. Piper Sandler raised shares of NIKE from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $72.00 to $90.00 in a report on Friday, January 10th. Barclays reduced their target price on shares of NIKE from $79.00 to $70.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. Finally, Citigroup lowered shares of NIKE from a “buy” rating to a “neutral” rating and dropped their price target for the company from $102.00 to $72.00 in a research note on Friday, February 7th. Fifteen investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, NIKE has an average rating of “Moderate Buy” and an average target price of $87.38.

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.