NBW Capital LLC Boosts Stock Position in NIKE, Inc. (NYSE:NKE)

NBW Capital LLC raised its stake in NIKE, Inc. (NYSE:NKE) by 0.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,539 shares of the footwear maker’s stock after purchasing an additional 431 shares during the period. NBW Capital LLC’s holdings in NIKE were worth $4,468,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NKE. Annapolis Financial Services LLC grew its stake in shares of NIKE by 440.0% during the first quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker’s stock worth $25,000 after acquiring an additional 220 shares during the last quarter. True Wealth Design LLC grew its stake in shares of NIKE by 106.4% during the fourth quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock worth $32,000 after acquiring an additional 150 shares during the last quarter. Frank Rimerman Advisors LLC purchased a new stake in shares of NIKE during the fourth quarter worth about $33,000. Core Wealth Advisors Inc. grew its stake in shares of NIKE by 408.5% during the fourth quarter. Core Wealth Advisors Inc. now owns 300 shares of the footwear maker’s stock worth $33,000 after acquiring an additional 241 shares during the last quarter. Finally, Gold Investment Management Ltd. purchased a new stake in shares of NIKE during the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insider Activity

In other news, EVP Monique S. Matheson sold 45,000 shares of the company’s stock in a transaction on 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 transaction, 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 filing with the SEC, which is accessible through the SEC website. In related news, EVP Monique S. Matheson sold 45,000 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $94.16, for a total transaction of $4,237,200.00. Following the transaction, the executive vice president now owns 44,997 shares of the company’s stock, valued at approximately $4,236,917.52. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Johanna Nielsen sold 282 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $93.64, for a total value of $26,406.48. Following the transaction, the vice president now directly owns 730 shares in the company, valued at approximately $68,357.20. The disclosure for this sale can be found here. Insiders have sold a total of 323,660 shares of company stock valued at $27,973,033 in the last quarter. Insiders own 0.50% of the company’s stock.

NIKE Trading Up 0.2 %

NYSE:NKE traded up $0.16 during trading hours on Friday, hitting $74.01. The company had a trading volume of 11,526,628 shares, compared to its average volume of 15,949,355. The company has a current ratio of 2.40, a quick ratio of 1.69 and a debt-to-equity ratio of 0.55. The company has a 50-day moving average of $83.71 and a 200 day moving average of $92.63. The company has a market cap of $111.71 billion, a P/E ratio of 19.84, a P/E/G ratio of 1.92 and a beta of 1.01. NIKE, Inc. has a 1 year low of $70.91 and a 1 year high of $123.39.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, June 27th. The footwear maker reported $1.01 EPS for the quarter, beating the consensus estimate of $0.85 by $0.16. NIKE had a return on equity of 42.63% and a net margin of 11.10%. The business had revenue of $12.60 billion for the quarter, compared to analyst estimates of $12.86 billion. During the same quarter in the prior year, the company posted $0.66 EPS. The company’s quarterly revenue was down 1.6% on a year-over-year basis. Sell-side analysts expect that NIKE, Inc. will post 3.12 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Tuesday, September 3rd. NIKE’s dividend payout ratio (DPR) is presently 39.68%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on NKE shares. 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. Deutsche Bank Aktiengesellschaft dropped their target price on NIKE from $115.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. UBS Group reiterated a “neutral” rating and issued a $78.00 target price on shares of NIKE in a research report on Friday, June 28th. Truist Financial dropped their target price on NIKE from $99.00 to $81.00 and set a “hold” rating on the stock in a research report on Friday, June 28th. Finally, Telsey Advisory Group dropped their target price on NIKE from $115.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, NIKE presently has an average rating of “Hold” and a consensus target price of $96.30.

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.