Yousif Capital Management LLC Sells 6,751 Shares of NIKE, Inc. (NYSE:NKE)

Yousif Capital Management LLC decreased its stake in NIKE, Inc. (NYSE:NKE) by 3.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 173,788 shares of the footwear maker’s stock after selling 6,751 shares during the period. Yousif Capital Management LLC’s holdings in NIKE were worth $18,868,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Excalibur Management Corp increased its stake in shares of NIKE by 1.9% during the third quarter. Excalibur Management Corp now owns 5,148 shares of the footwear maker’s stock worth $492,000 after purchasing an additional 98 shares in the last quarter. Baxter Bros Inc. lifted its holdings in shares of NIKE by 2.0% in the 3rd quarter. Baxter Bros Inc. now owns 5,045 shares of the footwear maker’s stock worth $482,000 after acquiring an additional 100 shares during the last quarter. First Pacific Financial lifted its holdings in shares of NIKE by 1.3% in the 3rd quarter. First Pacific Financial now owns 8,098 shares of the footwear maker’s stock worth $774,000 after acquiring an additional 100 shares during the last quarter. Jeppson Wealth Management LLC lifted its holdings in NIKE by 4.5% during the 3rd quarter. Jeppson Wealth Management LLC now owns 2,315 shares of the footwear maker’s stock worth $221,000 after buying an additional 100 shares in the last quarter. Finally, Cairn Investment Group Inc. lifted its holdings in NIKE by 4.2% during the 3rd quarter. Cairn Investment Group Inc. now owns 2,500 shares of the footwear maker’s stock worth $239,000 after buying an additional 100 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

Wall Street Analyst Weigh In

NKE has been the topic of a number of analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $100.00 price objective (down from $110.00) on shares of NIKE in a report on Friday, March 22nd. Barclays lowered their price objective on shares of NIKE from $142.00 to $114.00 and set an “overweight” rating on the stock in a research report on Monday, March 25th. Wells Fargo & Company reduced their target price 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. Truist Financial restated a “hold” rating and issued a $111.00 target price on shares of NIKE in a research note on Tuesday, March 19th. Finally, Stifel Nicolaus reduced their price objective on shares of NIKE from $129.00 to $117.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $116.26.

NIKE Price Performance

Shares of NKE traded down $0.15 during mid-day trading on Tuesday, hitting $94.04. The company’s stock had a trading volume of 6,579,633 shares, compared to its average volume of 9,562,076. NIKE, Inc. has a fifty-two week low of $88.66 and a fifty-two week high of $128.68. The firm has a 50-day moving average price of $97.63 and a 200 day moving average price of $103.44. The stock has a market capitalization of $141.94 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 1.82 and a beta of 1.09. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89.

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

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Friday, March 1st. NIKE’s dividend payout ratio is currently 43.53%.

NIKE Company 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.