L.M. Kohn & Company Has $489,000 Holdings in NIKE, Inc. (NYSE:NKE)

L.M. Kohn & Company lessened its position in shares of NIKE, Inc. (NYSE:NKE) by 16.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,704 shares of the footwear maker’s stock after selling 1,484 shares during the quarter. L.M. Kohn & Company’s holdings in NIKE were worth $489,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of NKE. Heck Capital Advisors LLC acquired a new stake in shares of NIKE during the 4th quarter worth approximately $28,000. LFA Lugano Financial Advisors SA grew its holdings in shares of NIKE by 110.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock worth $30,000 after purchasing an additional 210 shares in the last quarter. Hopwood Financial Services Inc. acquired a new stake in shares of NIKE during the 4th quarter worth approximately $30,000. EnRich Financial Partners LLC grew its holdings in shares of NIKE by 196.4% during the 4th quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker’s stock worth $31,000 after purchasing an additional 273 shares in the last quarter. Finally, BankPlus Trust Department acquired a new stake in shares of NIKE during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Trading Up 0.4%

NKE stock opened at $59.78 on Friday. The company has a market cap of $88.41 billion, a P/E ratio of 19.86, a PEG ratio of 2.10 and a beta of 1.21. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $98.04. The company has a quick ratio of 1.52, a current ratio of 2.19 and a debt-to-equity ratio of 0.57. The business has a fifty day moving average of $59.78 and a 200-day moving average of $68.09.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.26. The business had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. NIKE had a return on equity of 32.18% and a net margin of 9.43%. The firm’s revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 earnings per share. As a group, equities research analysts expect that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.68%. NIKE’s dividend payout ratio is presently 53.16%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Williams Trading decreased their price target on NIKE from $93.00 to $73.00 and set a “buy” rating on the stock in a research note on Monday, April 21st. Royal Bank Of Canada decreased their price target on NIKE from $66.00 to $65.00 and set a “sector perform” rating on the stock in a research note on Tuesday, May 20th. Citigroup decreased their price target on NIKE from $72.00 to $57.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. Piper Sandler decreased their price target on NIKE from $90.00 to $70.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Finally, Robert W. Baird decreased their price target on NIKE from $105.00 to $99.00 and set an “outperform” rating on the stock in a research note on Friday, March 21st. Seventeen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.74.

Insider Buying and Selling at NIKE

In other news, Director Robert Holmes Swan acquired 8,600 shares of NIKE stock in a transaction dated Friday, April 4th. The stock was bought at an average cost of $58.46 per share, with a total value of $502,756.00. Following the completion of the transaction, the director now directly owns 31,983 shares of the company’s stock, valued at approximately $1,869,726.18. This represents a 36.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

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.