NIKE, Inc. (NYSE:NKE) Shares Sold by Tilt Investment Management Holdings PBC

Tilt Investment Management Holdings PBC cut its holdings in NIKE, Inc. (NYSE:NKE) by 26.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,928 shares of the footwear maker’s stock after selling 1,801 shares during the quarter. Tilt Investment Management Holdings PBC’s holdings in NIKE were worth $537,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vestcor Inc boosted its holdings in NIKE by 0.3% during the fourth quarter. Vestcor Inc now owns 29,977 shares of the footwear maker’s stock worth $3,508,000 after buying an additional 81 shares in the last quarter. Excalibur Management Corp boosted its stake in shares of NIKE by 1.9% during the 3rd quarter. Excalibur Management Corp now owns 5,148 shares of the footwear maker’s stock worth $492,000 after acquiring an additional 98 shares in the last quarter. Bond & Devick Financial Network Inc. grew its holdings in shares of NIKE by 1.3% in the 3rd quarter. Bond & Devick Financial Network Inc. now owns 7,540 shares of the footwear maker’s stock worth $721,000 after acquiring an additional 100 shares during the last quarter. Baxter Bros Inc. raised its position in shares of NIKE by 2.0% during the third quarter. Baxter Bros Inc. now owns 5,045 shares of the footwear maker’s stock worth $482,000 after purchasing an additional 100 shares during the period. Finally, First Pacific Financial raised its position in shares of NIKE by 1.3% during the third quarter. First Pacific Financial now owns 8,098 shares of the footwear maker’s stock worth $774,000 after purchasing an additional 100 shares during the period. 64.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on NKE shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $100.00 price target (down previously from $110.00) on shares of NIKE in a research note on Friday, March 22nd. Robert W. Baird cut their price target on shares of NIKE from $140.00 to $125.00 and set an “outperform” rating on the stock in a report on Friday, March 22nd. Wells Fargo & Company decreased their price objective on shares of NIKE from $125.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, March 22nd. TheStreet downgraded shares of NIKE from a “b” rating to a “c+” rating in a research note on Tuesday, January 9th. Finally, JPMorgan Chase & Co. decreased their target price on NIKE from $139.00 to $128.00 and set an “overweight” rating for the company in a research report on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.26.

NIKE Stock Up 0.6 %

Shares of NYSE NKE traded up $0.54 during mid-day trading on Thursday, reaching $95.38. 5,325,574 shares of the company traded hands, compared to its average volume of 9,526,377. The company’s fifty day moving average is $98.47 and its two-hundred day moving average is $103.42. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74. NIKE, Inc. has a fifty-two week low of $88.66 and a fifty-two week high of $128.68. The stock has a market cap of $143.96 billion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 1.80 and a beta of 1.08.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, beating the consensus estimate of $0.69 by $0.29. NIKE had a return on equity of 39.41% and a net margin of 10.14%. The company had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $12.28 billion. On average, analysts expect that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.48 annualized dividend and a yield of 1.55%. NIKE’s dividend payout ratio (DPR) is presently 43.53%.

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.