DAGCO Inc. raised its position in shares of NIKE, Inc. (NYSE:NKE) by 1.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,009 shares of the footwear maker’s stock after acquiring an additional 111 shares during the quarter. DAGCO Inc.’s holdings in NIKE were worth $1,463,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Altium Wealth Management LLC boosted its position in NIKE by 7.4% during the 4th quarter. Altium Wealth Management LLC now owns 13,338 shares of the footwear maker’s stock valued at $1,887,000 after acquiring an additional 916 shares in the last quarter. Ninety One North America Inc. boosted its position in NIKE by 4.4% during the 4th quarter. Ninety One North America Inc. now owns 58,681 shares of the footwear maker’s stock valued at $8,302,000 after acquiring an additional 2,496 shares in the last quarter. EFG Asset Management Americas Corp. boosted its position in NIKE by 4.4% during the 4th quarter. EFG Asset Management Americas Corp. now owns 60,956 shares of the footwear maker’s stock valued at $8,629,000 after acquiring an additional 2,559 shares in the last quarter. SOA Wealth Advisors LLC. bought a new stake in NIKE during the 4th quarter valued at approximately $4,074,000. Finally, Mariner LLC lifted its holdings in shares of NIKE by 22.9% during the fourth quarter. Mariner LLC now owns 324,369 shares of the footwear maker’s stock valued at $45,889,000 after purchasing an additional 60,384 shares during the last quarter. 64.20% of the stock is currently owned by institutional investors and hedge funds.
NIKE stock traded down $1.54 during mid-day trading on Tuesday, hitting $131.49. The stock had a trading volume of 112,605 shares, compared to its average volume of 6,459,695. The firm has a market capitalization of $207.75 billion, a P/E ratio of 76.02, a P/E/G ratio of 2.51 and a beta of 0.83. The company has a current ratio of 2.66, a quick ratio of 1.97 and a debt-to-equity ratio of 0.88. The firm’s 50 day moving average is $134.38 and its 200 day moving average is $135.89. NIKE, Inc. has a one year low of $84.11 and a one year high of $147.95.
NIKE (NYSE:NKE) last issued its earnings results on Wednesday, March 17th. The footwear maker reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.15. The company had revenue of $10.40 billion during the quarter, compared to the consensus estimate of $10.98 billion. NIKE had a net margin of 7.39% and a return on equity of 34.89%. NIKE’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 EPS. As a group, equities research analysts forecast that NIKE, Inc. will post 2.96 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, April 1st. Shareholders of record on Monday, March 1st were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Friday, February 26th. NIKE’s payout ratio is currently 59.46%.
Several equities analysts have recently issued reports on NKE shares. Jefferies Financial Group set a $140.00 target price on shares of NIKE and gave the company a “neutral” rating in a report on Monday, January 4th. DZ Bank reiterated a “sell” rating on shares of NIKE in a report on Friday, April 23rd. HSBC lifted their target price on shares of NIKE from $158.00 to $162.00 and gave the company a “buy” rating in a report on Wednesday, March 31st. KeyCorp boosted their price objective on shares of NIKE from $174.00 to $180.00 and gave the stock an “overweight” rating in a report on Monday, January 25th. Finally, Piper Sandler boosted their price objective on shares of NIKE from $168.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday, March 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirty have given a buy rating to the company. NIKE has an average rating of “Buy” and an average target price of $159.83.
In other NIKE news, CAO Hilary K. Krane sold 15,000 shares of the business’s stock in a transaction on Wednesday, April 14th. The shares were sold at an average price of $133.54, for a total value of $2,003,100.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Peter B. Henry sold 3,388 shares of the company’s stock in a transaction dated Tuesday, April 20th. The shares were sold at an average price of $127.03, for a total transaction of $430,377.64. Following the sale, the director now owns 2,282 shares in the company, valued at $289,882.46. The disclosure for this sale can be found here. In the last quarter, insiders sold 132,482 shares of company stock worth $17,342,141. Corporate insiders own 3.80% of the company’s stock.
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories, including running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.
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