Nike, Inc. (NYSE: NKE) Shares Reduced by Society FSB of Wilmington Fund Fund – Armenian Reporter

Wilmington Saving Fund Society FSB reduced its share in Nike shares, Inc. (NYSE: NKE – Free Report) With 1.3% in the fourth quarter, according to his latest revelation on SEC. The institutional investor owned 146 490 shares of the shoe manufacturer’s shares after selling 1893 shares during the period. FSB’s FSB stocks in Nike were worth $ 11,085,000 at the end of the last reporting period.

Several other major investors have also recently added or reduced their shares. Garrison Point Advisors LLC increased its position in Nike by 1.9% in the 3rd quarter. Garrison Point Advisors LLC holds 6,704 shares from the shoe manufacturer of $ 593,000 after acquired an additional 126 shares in the last quarter. Stephens Consulting LLC increased its participation in Nike shares by 20.0% in the third quarter. The Stephens Consulting LLC now holds 768 shares from the shoe manufacturer worth $ 68,000 after purchasing an additional 128 shares in the last quarter. PSI Advisors LLC increased its participation in Nike shares by 26.3% in the third quarter. PSI Advisors LLC now holds 624 shares from the shoe manufacturer of $ 55,000 after purchasing an additional 130 shares during the period. The Meridian Financial Partners LLC raised its Nike units by 1.6% in the 3rd quarter. The Meridian Financial Partners LLC holds 8 396 shares from the shoe manufacturer of $ 742,000 after purchasing an additional 133 shares in the last quarter. Finally, Frisch Financial Group Inc. increased its position in Nike by 4.7% in the 3rd quarter. Now Frisch Financial Group Inc. He holds 3,036 shares from the shoe manufacturer worth $ 269,000 after purchasing an additional 136 shares during the period. Institutional investors and hedge funds have 64.25% of the company’s shares.

Internal activity

In other news, director John W. Rogers, Jr., acquired 2500 shares of Nike shares at a transaction on Friday, December 27. The action was acquired with 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, valued at approximately $ 2,636,989.95. This trade represents a 7.84 % increase in their position. The deal was announced in a document submitted to the Securities and Exchange Commission, which you can access the SEC website. 1.10% of the shares are currently the property of corporate internal persons.

Analysts set new price targets

Several stock analysts have recently issued reports on the action. Telsey Advisory Group confirmed the market performance rating and set a price price of $ 80.00 for Nike shares in a research note on Thursday. Morgan Stanley has reduced its target price to Nike from $ 80.00 to $ 74.00 and rated “with the same weight” on the share in a report on Friday, December 20. Deutsche Bank Aktiengesellschaft has reduced its Nike price target from $ 92.00 to $ 82.00 and set the “Buy” rating for the company in a research note on Monday, December 16. Stiff Nicolaus has reduced its target price to Nike from $ 79.00 to $ 75.00 and rated “Hold” the shares in a report on Friday, December 20. Finally, the Truist Financial has reduced its target price for Nike shares from $ 97.00 to $ 90.00 and set the “Buy” rating for the company in a research report on Friday, December 20. Fifteen shares research analysts have evaluated the stock rating shares, fifteen rated the purchase, and one set a strong rating of the stock purchase. Based on data from MarketBeat.com, the action has a consensus rating “Moderate Purchase” and a price prices for consensus of $ 88.62.

Check out our latest Nike analysis

Nike Price Performance

NYSE NKE shares opened $ 68.69 on Friday. The action has a market cap of $ 101.60 billion, a price-profile ratio of $ 21.20, a PEG factor of 2.34 and beta 1.01. The company has a debt to a capital of 0.57, a fast ratio of 1.51 and the current ratio of 2.22. Nike, Inc. There is a fifty -two weeks at least $ 68.62 and fifty -two weeks of $ 107.43. The 50-day simple movable average of the company is $ 75.32, and its 200-day simple movable average is $ 78.05.

Nike (NYSE: NKE – Get Free Report) Last publishes your profit results on Thursday, December 19th. The shoe manufacturer reported a $ 0.78 profit per quarter by defeating consensus’ $ 0.63 analysts with $ 0.15. Nike had a return on equity of 36.99% and a net margin of 9.98%. The company has revenue of $ 12.35 billion for the quarter, compared to the estimates of analysts of $ 12.11 billion. Last year, last year, the company won a profit of $ 1.03 per share. The company’s revenue for the quarter dropped by 7.7% on an annual basis. As a group of Research analysts, they provide that Nike, Inc. will publish a 2.05 profit per share for the current fiscal year.

Nike increases dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2. The shareholders of the records on Monday, December 2, a dividend of $ 0.40 was paid. This is a positive change from the previous quarterly Nike dividend of $ 0.37. The date of the former dividend was Monday, December 2. This is an annual dividend of $ 1.60 and a dividend yield of 2.33%. The NIKE dividend payment coefficient is currently 49.38%.

Nike profile

(Free report)

Nike, Inc, along with its subsidiaries, design, develop, market and sell athletic shoes, clothing, equipment, accessories and services around the world. The company provides athletic and casual shoes, clothing and accessories under the Jumpman brand; And casual sneakers, clothing and accessories under Converse, Chuck Taylor, All Star, One Star, Star Chevron and Jack Purcell trademarks.

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