Catalyst Financial Partners LLC Has $485,000 Stake in NIKE, Inc. (NYSE:NKE)

Catalyst Financial Partners LLC lifted its position in NIKE, Inc. (NYSE:NKE) by 39.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,465 shares of the footwear maker’s stock after purchasing an additional 1,253 shares during the quarter. Catalyst Financial Partners LLC’s holdings in NIKE were worth $485,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC boosted its position in NIKE by 15.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 4,028 shares of the footwear maker’s stock valued at $385,000 after buying an additional 525 shares during the last quarter. FORVIS Wealth Advisors LLC lifted its position in NIKE by 3.7% during the 3rd quarter. FORVIS Wealth Advisors LLC now owns 7,650 shares of the footwear maker’s stock valued at $731,000 after purchasing an additional 270 shares during the period. Waldron Private Wealth LLC boosted its stake in shares of NIKE by 3.7% in the 3rd quarter. Waldron Private Wealth LLC now owns 11,184 shares of the footwear maker’s stock valued at $1,073,000 after purchasing an additional 395 shares during the last quarter. Kanawha Capital Management LLC grew its position in shares of NIKE by 1.9% during the 3rd quarter. Kanawha Capital Management LLC now owns 179,131 shares of the footwear maker’s stock worth $17,129,000 after buying an additional 3,391 shares during the period. Finally, NBT Bank N A NY lifted its holdings in NIKE by 137.9% in the third quarter. NBT Bank N A NY now owns 53,116 shares of the footwear maker’s stock valued at $5,079,000 after buying an additional 30,785 shares during the period. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Monique S. Matheson sold 45,000 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $94.16, for a total value of $4,237,200.00. Following the transaction, the executive vice president now directly owns 44,997 shares of the company’s stock, valued at $4,236,917.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on NKE. Bank of America upgraded shares of NIKE from a “neutral” rating to a “buy” rating and upped their target price for the company from $110.00 to $113.00 in a research report on Thursday, April 11th. Piper Sandler cut their target price on NIKE from $107.00 to $98.00 and set a “neutral” rating on the stock in a research note on Friday, March 22nd. Stifel Nicolaus cut their price target on shares of NIKE from $129.00 to $117.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Barclays cut their target price on shares of NIKE from $142.00 to $114.00 and set an “overweight” rating on the stock in a report on Monday, March 25th. Finally, HSBC decreased their price target on shares of NIKE from $120.00 to $115.00 and set a “hold” rating for the company in a report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, NIKE has an average rating of “Moderate Buy” and a consensus target price of $116.26.

NIKE Stock Performance

Shares of NIKE stock traded down $0.20 during trading on Thursday, hitting $93.39. 6,429,058 shares of the stock were exchanged, compared to its average volume of 9,151,133. NIKE, Inc. has a 1-year low of $88.66 and a 1-year high of $126.46. The stock has a market capitalization of $140.96 billion, a price-to-earnings ratio of 27.47, a price-to-earnings-growth ratio of 1.78 and a beta of 1.07. The company has a fifty day moving average price of $95.07 and a 200-day moving average price of $102.84. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.29. NIKE had a return on equity of 39.41% and a net margin of 10.14%. The firm had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.28 billion. As a group, equities analysts predict that NIKE, Inc. will post 3.73 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.58%. The ex-dividend date is Monday, June 3rd. NIKE’s dividend payout ratio is 43.53%.

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.