Inkwell Capital LLC Buys New Shares in NIKE, Inc. (NYSE:NKE)

Inkwell Capital LLC bought a new stake in NIKE, Inc. (NYSE:NKE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 34,202 shares of the footwear maker's stock, valued at approximately $2,588,000. NIKE accounts for approximately 2.8% of Inkwell Capital LLC's investment portfolio, making the stock its 18th largest holding.

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

Insider Transactions at NIKE

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the business'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 completion of the transaction, the chairman now owns 896,632 shares of the company's stock, valued at $65,301,708.56. The trade was a 15.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by insiders.

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NIKE Stock Performance

NKE stock traded up $0.28 during midday trading on Monday, reaching $63.57. 17,383,717 shares of the company's stock traded hands, compared to its average volume of 12,948,665. The company has a 50-day moving average price of $74.16 and a two-hundred day moving average price of $76.92. The firm has a market capitalization of $94.02 billion, a PE ratio of 19.62, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. 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 52 week low of $62.41 and a 52 week high of $98.04.

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

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.52%. NIKE's dividend payout ratio (DPR) is presently 53.16%.

Analysts Set New Price Targets

Several analysts recently commented on NKE shares. Stifel Nicolaus lowered their target price on NIKE from $79.00 to $75.00 and set a "hold" rating on the stock in a research report on Friday, December 20th. UBS Group dropped their price objective on NIKE from $73.00 to $66.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Bank of America decreased their price objective on shares of NIKE from $95.00 to $90.00 and set a "buy" rating for the company in a report on Friday, December 20th. Barclays reduced their price objective on NIKE from $79.00 to $70.00 and set an "equal weight" rating for the company in a research report on Friday, December 20th. Finally, Piper Sandler raised NIKE from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $72.00 to $90.00 in a report on Friday, January 10th. Fifteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $87.38.

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.