NIKE, Inc. (NYSE:NKE) Shares Acquired by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. lifted its position in NIKE, Inc. (NYSE:NKE - Free Report) by 101.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,279 shares of the footwear maker's stock after acquiring an additional 7,190 shares during the quarter. Legacy Financial Advisors Inc.'s holdings in NIKE were worth $1,080,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Locust Wood Capital Advisers LLC lifted its stake in shares of NIKE by 111.9% during the 4th quarter. Locust Wood Capital Advisers LLC now owns 1,159,902 shares of the footwear maker's stock worth $87,770,000 after acquiring an additional 612,421 shares during the last quarter. Phoenix Financial Ltd. increased its holdings in NIKE by 92.7% during the fourth quarter. Phoenix Financial Ltd. now owns 89,198 shares of the footwear maker's stock valued at $6,751,000 after buying an additional 42,916 shares during the period. DRW Securities LLC purchased a new position in shares of NIKE in the 4th quarter valued at $209,000. Texas Yale Capital Corp. raised its holdings in NIKE by 1.1% in the fourth quarter. Texas Yale Capital Corp. now owns 237,763 shares of the footwear maker's stock worth $17,992,000 after purchasing an additional 2,650 shares in the last quarter. Finally, Azimuth Capital Investment Management LLC lifted its position in NIKE by 8.1% during the fourth quarter. Azimuth Capital Investment Management LLC now owns 2,670 shares of the footwear maker's stock valued at $202,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company's stock.

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Insider Transactions at NIKE

In other NIKE news, Director Robert Holmes Swan bought 8,600 shares of the firm's stock in a transaction on Friday, April 4th. The shares were acquired at an average cost of $58.46 per share, with a total value of $502,756.00. Following the purchase, the director now directly owns 31,983 shares of the company's stock, 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 SEC, which is available through this hyperlink. Also, Chairman Mark G. Parker sold 169,732 shares of the company'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 sale, the chairman now owns 896,632 shares of the company's stock, valued at $65,301,708.56. This trade represents 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 Price Performance

NIKE stock traded up $0.68 during midday trading on Monday, reaching $55.07. The company had a trading volume of 11,010,693 shares, compared to its average volume of 14,025,974. 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 12-month low of $52.28 and a 12-month high of $98.04. The company has a market capitalization of $81.46 billion, a P/E ratio of 17.00, a P/E/G ratio of 2.52 and a beta of 1.15. The firm's fifty day simple moving average is $70.03 and its 200-day simple moving average is $74.83.

NIKE (NYSE:NKE - Get Free Report) last released 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. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $11.02 billion. During the same quarter last year, the business posted $0.98 earnings per share. The business's quarterly revenue was down 9.1% compared to the same quarter last year. 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 announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend was Monday, March 3rd. NIKE's payout ratio is 53.16%.

Wall Street Analyst Weigh In

NKE has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their target price on NIKE from $73.00 to $64.00 and set a "neutral" rating on the stock in a research note on Friday, March 21st. Telsey Advisory Group restated a "market perform" rating and set a $80.00 price target on shares of NIKE in a research note on Monday, March 17th. Piper Sandler decreased their price objective on shares of NIKE from $90.00 to $70.00 and set an "overweight" rating for the company in a research report on Friday. Cfra Research upgraded shares of NIKE to a "moderate buy" rating in a research note on Friday, March 21st. Finally, Citigroup lowered shares of NIKE from a "buy" rating to a "neutral" rating and cut their price target for the company from $102.00 to $72.00 in a research note on Friday, February 7th. 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's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $86.19.

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.