TD Waterhouse Canada Inc. Sells 27,948 Shares of NIKE, Inc. $NKE

TD Waterhouse Canada Inc. trimmed its position in shares of NIKE, Inc. (NYSE:NKE) by 8.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 295,953 shares of the footwear maker’s stock after selling 27,948 shares during the period. TD Waterhouse Canada Inc.’s holdings in NIKE were worth $22,053,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mascoma Wealth Management LLC purchased a new stake in shares of NIKE during the second quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in NIKE in the 2nd quarter worth approximately $31,000. NewSquare Capital LLC lifted its position in NIKE by 54.4% in the 2nd quarter. NewSquare Capital LLC now owns 732 shares of the footwear maker’s stock valued at $52,000 after acquiring an additional 258 shares in the last quarter. Union Bancaire Privee UBP SA boosted its stake in NIKE by 158.6% during the 2nd quarter. Union Bancaire Privee UBP SA now owns 750 shares of the footwear maker’s stock valued at $53,000 after purchasing an additional 460 shares during the last quarter. Finally, Field & Main Bank boosted its stake in NIKE by 36.4% during the 2nd quarter. Field & Main Bank now owns 750 shares of the footwear maker’s stock valued at $53,000 after purchasing an additional 200 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Raymond James Financial restated a “market perform” rating on shares of NIKE in a research note on Monday, December 15th. Citigroup reissued a “neutral” rating and issued a $65.00 target price (down previously from $70.00) on shares of NIKE in a research report on Friday, December 19th. Jefferies Financial Group reaffirmed a “buy” rating and set a $110.00 price target on shares of NIKE in a report on Monday, January 12th. Piper Sandler set a $75.00 price target on shares of NIKE and gave the stock an “overweight” rating in a research note on Friday, December 19th. Finally, Wells Fargo & Company set a $65.00 price objective on shares of NIKE and gave the company an “overweight” rating in a report on Friday, December 19th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $74.65.

NIKE Trading Up 0.6%

Shares of NIKE stock opened at $62.59 on Friday. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $82.44. The company’s fifty day simple moving average is $63.98 and its 200-day simple moving average is $68.77. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.06 and a quick ratio of 1.40. The stock has a market capitalization of $92.66 billion, a PE ratio of 36.82, a P/E/G ratio of 3.24 and a beta of 1.28.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, December 18th. The footwear maker reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.16. The company had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $12.19 billion. NIKE had a return on equity of 18.43% and a net margin of 5.43%.NIKE’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the firm earned $0.78 EPS. As a group, equities analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 1st were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.6%. This is an increase from NIKE’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, December 1st. NIKE’s dividend payout ratio is 96.47%.

Insider Activity

In other news, Director Robert Holmes Swan purchased 8,691 shares of the stock in a transaction on Monday, December 22nd. The shares were acquired at an average price of $57.54 per share, with a total value of $500,080.14. Following the completion of the acquisition, the director directly owned 43,293 shares of the company’s stock, valued at $2,491,079.22. This trade represents a 25.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Mark G. Parker sold 86,078 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $64.80, for a total transaction of $5,577,854.40. Following the completion of the transaction, the chairman owned 647,615 shares of the company’s stock, valued at approximately $41,965,452. The trade was a 11.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders bought 91,229 shares of company stock worth $5,452,640. 0.80% of the stock is currently owned by corporate insiders.

NIKE Profile

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).