NIKE, Inc. (NYSE:NKE) Shares Acquired by Empirical Asset Management LLC

Empirical Asset Management LLC grew its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 487.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,864 shares of the footwear maker's stock after buying an additional 14,824 shares during the period. Empirical Asset Management LLC's holdings in NIKE were worth $1,352,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of NKE. Brighton Jones LLC lifted its position in shares of NIKE by 10.0% during the 2nd quarter. Brighton Jones LLC now owns 223,044 shares of the footwear maker's stock valued at $16,811,000 after acquiring an additional 20,353 shares during the period. GM Advisory Group LLC boosted its position in shares of NIKE by 3.2% during the 2nd quarter. GM Advisory Group LLC now owns 8,638 shares of the footwear maker's stock worth $651,000 after acquiring an additional 267 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of NIKE by 28.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 97,112 shares of the footwear maker's stock worth $7,319,000 after buying an additional 21,259 shares in the last quarter. AR Asset Management Inc. lifted its position in shares of NIKE by 0.5% during the 2nd quarter. AR Asset Management Inc. now owns 78,770 shares of the footwear maker's stock worth $5,937,000 after buying an additional 400 shares during the last quarter. Finally, Bridges Investment Management Inc. boosted its stake in NIKE by 283.8% in the second quarter. Bridges Investment Management Inc. now owns 137,859 shares of the footwear maker's stock valued at $10,390,000 after buying an additional 101,937 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. 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. Stifel Nicolaus lowered their price objective on NIKE from $79.00 to $75.00 and set a "hold" rating for the company in a research note on Friday, December 20th. Wells Fargo & Company cut their target price on NIKE from $95.00 to $92.00 and set an "overweight" rating on the stock in a report on Monday, December 16th. Needham & Company LLC reaffirmed a "buy" rating and issued a $84.00 price objective on shares of NIKE in a research note on Friday, December 20th. Finally, Bank of America decreased their price target on NIKE from $95.00 to $90.00 and set a "buy" rating for the company in a report on Friday, December 20th. Fourteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $89.96.

Insider Buying and Selling at NIKE

In other NIKE news, Director John W. Rogers, Jr. purchased 2,500 shares of the stock in a transaction that occurred on Friday, December 27th. The stock was purchased at an average price of $76.65 per share, with a total value of $191,625.00. Following the acquisition, the director now owns 34,403 shares in the company, valued at approximately $2,636,989.95. The trade was a 7.84 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.10% of the company's stock.

NIKE Stock Down 0.3 %

Shares of NKE traded down $0.22 on Friday, reaching $70.89. The stock had a trading volume of 9,688,434 shares, compared to its average volume of 11,668,856. NIKE, Inc. has a 12-month low of $70.32 and a 12-month high of $107.43. The firm has a market capitalization of $104.85 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02. The company has a 50-day simple moving average of $75.77 and a 200-day simple moving average of $77.92. 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 (NYSE:NKE - Get Free Report) last issued its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.15. The firm had revenue of $12.35 billion for the quarter, compared to the consensus estimate of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The business's revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.03 earnings per share. Sell-side analysts predict that NIKE, Inc. will post 2.1 EPS for the current year.

NIKE Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were paid a dividend of $0.40 per share. The ex-dividend date was Monday, December 2nd. This is an increase from NIKE's previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.26%. NIKE's payout ratio is 49.38%.

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.