Summit Place Financial Advisors LLC Increases Stock Holdings in NIKE, Inc. (NYSE:NKE)

Summit Place Financial Advisors LLC grew its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 29.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,505 shares of the footwear maker's stock after purchasing an additional 7,465 shares during the quarter. Summit Place Financial Advisors LLC's holdings in NIKE were worth $2,460,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Teachers Insurance & Annuity Association of America acquired a new position in NIKE in the 3rd quarter valued at $30,000. Caitlin John LLC raised its position in shares of 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 buying an additional 200 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of NIKE in the fourth quarter valued at about $28,000. Roxbury Financial LLC purchased a new position in shares of NIKE in the fourth quarter worth about $30,000. Finally, Dunhill Financial LLC boosted its position in NIKE by 52.2% during the third quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker's stock worth $44,000 after acquiring an additional 169 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company's stock.

NIKE Trading Down 0.9 %

NIKE stock traded down $0.73 during midday trading on Friday, reaching $76.50. 12,813,494 shares of the stock traded hands, compared to its average volume of 13,223,615. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The firm has a market cap of $113.15 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 2.50 and a beta of 1.01. The company has a 50-day simple moving average of $74.31 and a two-hundred day simple moving average of $78.09. NIKE, Inc. has a 12-month low of $68.62 and a 12-month high of $106.62.

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 the consensus estimate of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The business had revenue of $12.35 billion during the quarter, compared to analyst estimates of $12.11 billion. During the same quarter last year, the firm posted $1.03 earnings per share. The business's revenue for the quarter was down 7.7% compared to the same quarter last year. Research analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be paid a $0.40 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.09%. NIKE's dividend payout ratio (DPR) is 49.38%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wells Fargo & Company decreased their target price on shares of NIKE from $95.00 to $92.00 and set an "overweight" rating on the stock in a research note on Monday, December 16th. BMO Capital Markets increased their price target on NIKE from $92.00 to $95.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. UBS Group reissued a "neutral" rating and set a $73.00 price objective on shares of NIKE in a research note on Thursday, December 26th. Deutsche Bank Aktiengesellschaft cut their target price on NIKE from $92.00 to $82.00 and set a "buy" rating for the company in a research note on Monday, December 16th. Finally, Truist Financial reduced their price target on NIKE from $97.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, December 20th. Fifteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $88.62.

Insider Transactions at NIKE

In other news, Director John W. Rogers, Jr. purchased 2,500 shares of the firm's stock in a transaction that occurred on Friday, December 27th. The stock was bought at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the purchase, the director now directly owns 34,403 shares of the company's stock, valued at $2,636,989.95. The trade was a 7.84 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Mark G. Parker sold 169,732 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the transaction, 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 position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

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.