Allworth Financial LP Boosts Stock Holdings in NIKE, Inc. (NYSE:NKE)

Allworth Financial LP boosted its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 96.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,458 shares of the footwear maker's stock after buying an additional 12,027 shares during the period. Allworth Financial LP's holdings in NIKE were worth $1,811,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Teachers Insurance & Annuity Association of America acquired a new stake in NIKE during the third quarter worth about $30,000. Caitlin John LLC boosted its stake in shares of NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of NIKE in the 4th quarter valued at approximately $28,000. Roxbury Financial LLC acquired a new stake in shares of NIKE in the 4th quarter valued at approximately $30,000. Finally, Dunhill Financial LLC boosted its stake in shares of NIKE by 52.2% in the 3rd quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker's stock valued at $44,000 after purchasing an additional 169 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Trading Down 0.9 %

Shares of NYSE:NKE traded down $0.73 during mid-day trading on Friday, hitting $76.50. The company had a trading volume of 12,813,494 shares, compared to its average volume of 13,223,615. The firm has a fifty day moving average price of $74.33 and a 200 day moving average price of $78.05. The company has a market capitalization of $113.15 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 2.50 and a beta of 1.01. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. NIKE, Inc. has a one year low of $68.62 and a one year high of $106.62.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.15. The company had revenue of $12.35 billion during the quarter, compared to analyst estimates of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. NIKE's revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.03 EPS. As a group, research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE's payout ratio is currently 49.38%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NKE. Needham & Company LLC restated a "buy" rating and issued a $84.00 price target on shares of NIKE in a research note on Friday, February 7th. Robert W. Baird reduced their price target on shares of NIKE from $110.00 to $105.00 and set an "outperform" rating on the stock in a research note on Monday, December 23rd. Truist Financial reduced their price target on shares of NIKE from $97.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, December 20th. Morgan Stanley reduced their price target on shares of NIKE from $80.00 to $74.00 and set an "equal weight" rating on the stock in a research note on Friday, December 20th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $80.00 price objective on shares of NIKE in a report on Wednesday. Fifteen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $88.62.

Insider Activity at NIKE

In related news, Chairman Mark G. Parker sold 169,732 shares of NIKE stock in a transaction 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 completion of the sale, the chairman now owns 896,632 shares of the company's stock, valued at approximately $65,301,708.56. This trade represents a 15.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John W. Rogers, Jr. purchased 2,500 shares of NIKE stock in a transaction that occurred on Friday, December 27th. The stock was acquired at an average cost of $76.65 per share, with a total value of $191,625.00. Following the transaction, the director now owns 34,403 shares in the company, valued at $2,636,989.95. This trade represents a 7.84 % increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by insiders.

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.