NIKE, Inc. (NYSE:NKE) Shares Purchased by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC lifted its position in NIKE, Inc. (NYSE:NKE - Free Report) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 473,029 shares of the footwear maker's stock after purchasing an additional 15,423 shares during the period. Ceredex Value Advisors LLC's holdings in NIKE were worth $35,794,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Caitlin John LLC grew its position in shares of NIKE by 117.0% during the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock worth $28,000 after buying an additional 200 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in NIKE during the 4th quarter valued at about $28,000. Roxbury Financial LLC bought a new stake in shares of NIKE in the 4th quarter valued at about $30,000. LFA Lugano Financial Advisors SA lifted its position in shares of NIKE by 110.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock worth $30,000 after purchasing an additional 210 shares during the period. Finally, Hopwood Financial Services Inc. bought a new position in shares of NIKE during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 64.25% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on NKE shares. Bank of America dropped their target price on NIKE from $95.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, December 20th. Jefferies Financial Group upgraded NIKE from a "hold" rating to a "buy" rating and lifted their target price for the company from $75.00 to $115.00 in a research note on Monday, February 24th. Royal Bank of Canada decreased their price target on shares of NIKE from $67.00 to $66.00 and set a "sector perform" rating for the company in a research report on Friday, March 21st. Truist Financial cut their price objective on shares of NIKE from $90.00 to $82.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Finally, China Renaissance assumed coverage on shares of NIKE in a research report on Wednesday, March 19th. They set a "hold" rating for the company. Sixteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $85.15.

Insider Transactions at NIKE

In other NIKE news, Director Robert Holmes Swan purchased 8,600 shares of the stock in a transaction dated Friday, April 4th. The stock was acquired at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the acquisition, the director now owns 31,983 shares in the company, valued at $1,869,726.18. This trade represents a 36.78 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the firm's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $72.83, for a total value of $12,361,581.56. Following the sale, the chairman now directly owns 896,632 shares of the company's stock, valued at $65,301,708.56. The trade was a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

NIKE Stock Performance

NIKE stock traded up $2.18 during midday trading on Friday, hitting $55.73. 18,891,139 shares of the company were exchanged, compared to its average volume of 14,180,177. The business has a fifty day simple moving average of $68.71 and a two-hundred day simple moving average of $74.09. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $98.04. The firm has a market capitalization of $82.44 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 2.52 and a beta of 1.15.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.26. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company had revenue of $11.27 billion during the quarter, compared to analysts' expectations of $11.02 billion. During the same quarter in the prior year, the company earned $0.98 EPS. NIKE's revenue was down 9.1% compared to the same quarter last year. On average, sell-side analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend was Monday, March 3rd. NIKE's payout ratio is currently 53.16%.

About NIKE

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.