Everett Harris & Co. CA Buys 1,128 Shares of NIKE, Inc. (NYSE:NKE)

Everett Harris & Co. CA raised its position in shares of NIKE, Inc. (NYSE:NKE) by 0.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,082,635 shares of the footwear maker’s stock after purchasing an additional 1,128 shares during the quarter. NIKE makes up approximately 1.3% of Everett Harris & Co. CA’s investment portfolio, making the stock its 17th largest holding. Everett Harris & Co. CA owned approximately 0.07% of NIKE worth $101,746,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NKE. Capital International Investors raised its stake in NIKE by 34.9% during the fourth quarter. Capital International Investors now owns 27,609,613 shares of the footwear maker’s stock worth $2,997,628,000 after buying an additional 7,143,775 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of NIKE by 87.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,135,431 shares of the footwear maker’s stock valued at $1,860,395,000 after purchasing an additional 7,996,434 shares during the period. Norges Bank acquired a new position in shares of NIKE in the 4th quarter valued at about $1,315,097,000. Fisher Asset Management LLC boosted its position in shares of NIKE by 2.3% during the 4th quarter. Fisher Asset Management LLC now owns 9,887,769 shares of the footwear maker’s stock valued at $1,073,515,000 after purchasing an additional 219,091 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of NIKE by 18.3% during the 3rd quarter. American Century Companies Inc. now owns 5,620,466 shares of the footwear maker’s stock valued at $537,429,000 after acquiring an additional 870,423 shares during the period. Institutional investors own 64.25% of the company’s stock.

NIKE Stock Performance

NIKE stock traded down $0.80 during trading on Thursday, hitting $75.24. The stock had a trading volume of 15,952,008 shares, compared to its average volume of 17,969,314. The stock’s 50 day moving average is $92.19 and its two-hundred day moving average is $98.06. NIKE, Inc. has a 1 year low of $74.29 and a 1 year high of $123.39. The stock has a market cap of $113.56 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 1.85 and a beta of 1.01. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.55.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, June 27th. The footwear maker reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.16. NIKE had a return on equity of 42.63% and a net margin of 11.10%. The firm had revenue of $12.60 billion for the quarter, compared to analysts’ expectations of $12.86 billion. During the same quarter in the prior year, the firm earned $0.66 EPS. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, analysts predict that NIKE, Inc. will post 3.32 EPS for the current year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 3rd were given a dividend of $0.37 per share. The ex-dividend date was Monday, June 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.97%. NIKE’s dividend payout ratio is presently 39.68%.

Insider Transactions at NIKE

In other NIKE news, EVP Monique S. Matheson sold 45,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $94.16, for a total transaction of $4,237,200.00. Following the sale, the executive vice president now owns 44,997 shares of the company’s stock, valued at approximately $4,236,917.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other NIKE news, EVP Monique S. Matheson sold 45,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $94.16, for a total value of $4,237,200.00. Following the completion of the transaction, the executive vice president now owns 44,997 shares in the company, valued at approximately $4,236,917.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Johanna Nielsen sold 282 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $93.64, for a total value of $26,406.48. Following the sale, the vice president now owns 730 shares in the company, valued at $68,357.20. The disclosure for this sale can be found here. Insiders sold 213,660 shares of company stock worth $19,946,333 over the last quarter. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

NKE has been the subject of a number of research reports. StockNews.com cut shares of NIKE from a “buy” rating to a “hold” rating in a report on Friday, June 21st. Piper Sandler decreased their target price on NIKE from $107.00 to $98.00 and set a “neutral” rating for the company in a research report on Friday, March 22nd. Stifel Nicolaus reiterated a “hold” rating and issued a $88.00 price target (down previously from $117.00) on shares of NIKE in a report on Friday, June 28th. JPMorgan Chase & Co. restated a “neutral” rating and set a $83.00 price target (down previously from $116.00) on shares of NIKE in a research note on Friday, June 28th. Finally, Guggenheim reduced their price objective on shares of NIKE from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, June 28th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $97.19.

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.