Klein Pavlis & Peasley Financial Inc. Takes $1.74 Million Position in NIKE, Inc. (NYSE:NKE)

Klein Pavlis & Peasley Financial Inc. acquired a new stake in NIKE, Inc. (NYSE:NKE - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 19,711 shares of the footwear maker's stock, valued at approximately $1,742,000. NIKE comprises about 1.4% of Klein Pavlis & Peasley Financial Inc.'s holdings, making the stock its 25th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Ascent Wealth Partners LLC lifted its holdings in shares of NIKE by 0.4% in the 1st quarter. Ascent Wealth Partners LLC now owns 28,513 shares of the footwear maker's stock worth $2,680,000 after acquiring an additional 115 shares during the last quarter. Condor Capital Management raised its position in NIKE by 0.4% in the 1st quarter. Condor Capital Management now owns 26,079 shares of the footwear maker's stock worth $2,451,000 after purchasing an additional 116 shares during the period. Lodestone Wealth Management LLC lifted its stake in NIKE by 5.5% in the first quarter. Lodestone Wealth Management LLC now owns 2,248 shares of the footwear maker's stock worth $211,000 after purchasing an additional 118 shares during the last quarter. Nvwm LLC boosted its position in NIKE by 1.0% during the first quarter. Nvwm LLC now owns 11,568 shares of the footwear maker's stock valued at $1,091,000 after buying an additional 120 shares during the period. Finally, Garrison Point Advisors LLC grew its stake in shares of NIKE by 1.9% during 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. 64.25% of the stock is owned by institutional investors.

Insider Buying and Selling at NIKE

In other NIKE news, Chairman Mark G. Parker sold 52,487 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the completion of the sale, the chairman now directly owns 1,031,226 shares of the company's stock, valued at $80,435,628. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.10% of the company's stock.

NIKE Stock Up 0.1 %

NKE stock traded up $0.06 during trading on Monday, hitting $78.91. 6,564,325 shares of the stock traded hands, compared to its average volume of 11,726,377. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.36 and a quick ratio of 1.58. The stock has a market cap of $118.31 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 1.90 and a beta of 1.02. NIKE, Inc. has a 1 year low of $70.75 and a 1 year high of $123.39. The firm's 50 day moving average is $82.71 and its two-hundred day moving average is $84.91.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings results on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.18. The firm had revenue of $11.59 billion for the quarter, compared to analysts' expectations of $11.64 billion. NIKE had a return on equity of 39.84% and a net margin of 10.60%. The company's revenue was down 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 EPS. On average, sell-side analysts anticipate that NIKE, Inc. will post 2.76 EPS for the current year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.37 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.88%. NIKE's payout ratio is currently 42.41%.

Analyst Ratings Changes

Several brokerages recently weighed in on NKE. Morgan Stanley increased their target price on NIKE from $79.00 to $82.00 and gave the company an "equal weight" rating in a report on Wednesday, September 25th. Stifel Nicolaus cut their target price on shares of NIKE from $88.00 to $79.00 and set a "hold" rating on the stock in a report on Monday, August 26th. Sanford C. Bernstein lowered their price target on shares of NIKE from $112.00 to $109.00 and set an "outperform" rating for the company in a report on Thursday, September 19th. Truist Financial raised shares of NIKE from a "hold" rating to a "buy" rating and increased their price target for the company from $83.00 to $97.00 in a research report on Thursday, October 10th. Finally, Evercore ISI lowered their price objective on shares of NIKE from $110.00 to $105.00 and set an "outperform" rating for the company in a research note on Wednesday, October 2nd. Fourteen equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, NIKE presently has a consensus rating of "Moderate Buy" and an average target price of $96.56.

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.