Middleton & Co. Inc. MA Sells 1,027 Shares of NIKE, Inc. (NYSE:NKE)

Middleton & Co. Inc. MA lowered its position in NIKE, Inc. (NYSE:NKE) by 6.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,207 shares of the footwear maker’s stock after selling 1,027 shares during the period. Middleton & Co. Inc. MA’s holdings in NIKE were worth $1,151,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NKE. Teachers Insurance & Annuity Association of America purchased a new stake in shares of NIKE in the third quarter worth approximately $30,000. Caitlin John LLC raised its stake in shares of NIKE by 117.0% in 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 last quarter. Heck Capital Advisors LLC purchased a new stake in shares of NIKE in the fourth quarter worth approximately $28,000. Roxbury Financial LLC purchased a new stake in shares of NIKE in the fourth quarter worth approximately $30,000. Finally, BankPlus Trust Department purchased a new stake in shares of NIKE in the fourth quarter worth approximately $34,000. Institutional investors own 64.25% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. TD Cowen lowered their price objective on NIKE from $78.00 to $73.00 and set a “hold” rating for the company in a research note on Monday, November 18th. Truist Financial lowered their price objective on NIKE from $97.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Morgan Stanley decreased their price target on NIKE from $80.00 to $74.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Guggenheim reaffirmed a “buy” rating and set a $110.00 price target on shares of NIKE in a research report on Wednesday, February 12th. Finally, Barclays decreased their price target on NIKE from $79.00 to $70.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Fourteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $89.77.

Insider Activity

In other news, Chairman Mark G. Parker sold 169,732 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the completion of the transaction, the chairman now owns 896,632 shares in the company, valued at $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John W. Rogers, Jr. acquired 2,500 shares of the business’s stock in a transaction dated Friday, December 27th. The shares were purchased at an average price of $76.65 per share, with a total value of $191,625.00. Following the transaction, the director now owns 34,403 shares of the company’s stock, valued at approximately $2,636,989.95. This represents a 7.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.

NIKE Price Performance

Shares of NIKE stock opened at $79.43 on Friday. NIKE, Inc. has a one year low of $68.62 and a one year high of $105.57. The stock’s fifty day moving average is $74.64 and its 200 day moving average is $78.33. The stock has a market cap of $117.49 billion, a P/E ratio of 24.52, a P/E/G ratio of 2.52 and a beta of 1.01. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.15. The business had revenue of $12.35 billion for the quarter, compared to analysts’ expectations of $12.11 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period last year, the firm earned $1.03 earnings per share. Sell-side analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.01%. NIKE’s payout ratio is 49.38%.

NIKE 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.