8,871 Shares in NIKE, Inc. (NYSE:NKE) Purchased by Partners in Financial Planning

Partners in Financial Planning bought a new stake in NIKE, Inc. (NYSE:NKE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,871 shares of the footwear maker's stock, valued at approximately $671,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Range Financial Group LLC purchased a new position in shares of NIKE in the 4th quarter worth approximately $642,000. Cacti Asset Management LLC purchased a new stake in NIKE in the fourth quarter worth $9,987,000. Capricorn Fund Managers Ltd bought a new stake in shares of NIKE in the fourth quarter valued at $5,384,000. Klein Pavlis & Peasley Financial Inc. lifted its position in shares of NIKE by 31.1% during the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 25,835 shares of the footwear maker's stock valued at $1,955,000 after buying an additional 6,124 shares during the last quarter. Finally, FNY Investment Advisers LLC raised its holdings in NIKE by 5,745.9% during the 4th quarter. FNY Investment Advisers LLC now owns 8,652 shares of the footwear maker's stock valued at $654,000 after acquiring an additional 8,504 shares during the period. Institutional investors own 64.25% of the company's stock.

NIKE Trading Up 2.0 %

NYSE NKE traded up $1.30 during trading hours on Tuesday, reaching $64.78. The company had a trading volume of 13,476,963 shares, compared to its average volume of 12,950,787. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $95.81 billion, a P/E ratio of 19.99, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. The stock has a 50-day moving average of $74.01 and a 200 day moving average of $76.82. NIKE, Inc. has a 1-year low of $62.65 and a 1-year high of $98.04.

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NIKE (NYSE:NKE - Get Free Report) last issued its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.26. The business had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The business's quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 earnings per share. As a group, research analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE's dividend payout ratio is currently 53.16%.

Insider Buying and Selling at NIKE

In related news, Chairman Mark G. Parker sold 169,732 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $72.83, for a total value of $12,361,581.56. Following the transaction, the chairman now owns 896,632 shares in the company, valued at approximately $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus reduced their price objective on NIKE from $79.00 to $75.00 and set a "hold" rating on the stock in a research report on Friday, December 20th. BMO Capital Markets cut their target price on NIKE from $95.00 to $92.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Needham & Company LLC reduced their price target on NIKE from $84.00 to $80.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Truist Financial cut their price objective on NIKE from $90.00 to $82.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Finally, UBS Group dropped their price target on NIKE from $73.00 to $66.00 and set a "neutral" rating for the company in a research note on Friday, March 21st. Fifteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, NIKE currently has an average rating of "Moderate Buy" and a consensus price target of $87.38.

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.