Milestone Asset Management LLC Buys 39,324 Shares of NIKE, Inc. (NYSE:NKE)

Milestone Asset Management LLC increased its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 55.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,488 shares of the footwear maker's stock after buying an additional 39,324 shares during the period. NIKE comprises approximately 1.8% of Milestone Asset Management LLC's investment portfolio, making the stock its 9th biggest holding. Milestone Asset Management LLC's holdings in NIKE were worth $8,361,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Garrison Point Advisors LLC raised its holdings in shares of NIKE by 1.9% in the third quarter. Garrison Point Advisors LLC now owns 6,704 shares of the footwear maker's stock valued at $593,000 after buying an additional 126 shares during the last quarter. Stephens Consulting LLC raised its holdings in shares of NIKE by 20.0% in the third quarter. Stephens Consulting LLC now owns 768 shares of the footwear maker's stock valued at $68,000 after buying an additional 128 shares during the last quarter. PSI Advisors LLC increased its stake in shares of NIKE by 26.3% during the third quarter. PSI Advisors LLC now owns 624 shares of the footwear maker's stock worth $55,000 after acquiring an additional 130 shares during the period. Chapin Davis Inc. increased its stake in shares of NIKE by 1.2% during the third quarter. Chapin Davis Inc. now owns 11,430 shares of the footwear maker's stock worth $1,010,000 after acquiring an additional 133 shares during the period. Finally, Meridian Financial Partners LLC increased its stake in shares of NIKE by 1.6% during the third quarter. Meridian Financial Partners LLC now owns 8,396 shares of the footwear maker's stock worth $742,000 after acquiring an additional 133 shares during the period. Institutional investors own 64.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. UBS Group reiterated a "neutral" rating and set a $73.00 price target on shares of NIKE in a research note on Thursday, December 26th. Guggenheim dropped their price target on shares of NIKE from $115.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, October 2nd. TD Cowen dropped their price target on shares of NIKE from $78.00 to $73.00 and set a "hold" rating on the stock in a research note on Monday, November 18th. Piper Sandler upgraded shares of NIKE from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $72.00 to $90.00 in a research report on Friday, January 10th. Finally, Telsey Advisory Group lowered shares of NIKE from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $93.00 to $80.00 in a research report on Friday, December 20th. Fourteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $89.96.

Insider Transactions at NIKE

In other news, Director John W. Rogers, Jr. acquired 2,500 shares of the business's stock in a transaction that occurred on Friday, December 27th. The shares were purchased at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the transaction, the director now directly owns 34,403 shares in the company, valued at $2,636,989.95. This trade represents a 7.84 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company's stock.

NIKE Stock Up 2.4 %

NKE traded up $1.85 during trading hours on Thursday, reaching $78.43. 6,401,011 shares of the stock traded hands, compared to its average volume of 11,913,259. The firm's fifty day simple moving average is $75.55 and its two-hundred day simple moving average is $77.95. The company has a market cap of $116.01 billion, a price-to-earnings ratio of 24.20, a PEG ratio of 2.36 and a beta of 1.02. NIKE, Inc. has a fifty-two week low of $70.32 and a fifty-two week high of $107.43. 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 (NYSE:NKE - Get Free Report) last posted its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm had revenue of $12.35 billion for the quarter, compared to the consensus estimate of $12.11 billion. During the same period in the prior year, the firm posted $1.03 EPS. The firm's revenue was down 7.7% compared to the same quarter last year. As a group, analysts forecast that NIKE, Inc. will post 2.1 earnings per share for the current fiscal year.

NIKE Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were given a $0.40 dividend. 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 2.04%. The ex-dividend date was Monday, December 2nd. NIKE's dividend payout ratio (DPR) is presently 49.38%.

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.