Wealthcare Advisory Partners LLC Purchases 4,111 Shares of NIKE, Inc. (NYSE:NKE)

Wealthcare Advisory Partners LLC raised its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 27.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,259 shares of the footwear maker's stock after purchasing an additional 4,111 shares during the quarter. Wealthcare Advisory Partners LLC's holdings in NIKE were worth $1,457,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Teachers Insurance & Annuity Association of America bought a new position in NIKE during the third quarter valued at about $30,000. VitalStone Financial LLC lifted its holdings in NIKE by 52.6% in the 3rd quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker's stock valued at $38,000 after acquiring an additional 150 shares during the last quarter. Dunhill Financial LLC boosted its position in shares of NIKE by 52.2% during the 3rd quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker's stock valued at $44,000 after purchasing an additional 169 shares in the last quarter. Ecofi Investissements SA acquired a new position in shares of NIKE in the 2nd quarter worth approximately $49,000. Finally, Riverview Trust Co bought a new stake in shares of NIKE in the 3rd quarter worth approximately $52,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NKE. Wells Fargo & Company decreased their price target on shares of NIKE from $95.00 to $92.00 and set an "overweight" rating on the stock in a research report on Monday, December 16th. Truist Financial decreased their target price on NIKE from $97.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, December 20th. Guggenheim reduced their target price on NIKE from $115.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, October 2nd. Bank of America dropped their price target on NIKE from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, December 20th. Finally, Morgan Stanley reduced their price objective on shares of NIKE from $80.00 to $74.00 and set an "equal weight" rating for the company in a research note on Friday, December 20th. Fourteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $89.96.

NIKE Price Performance

Shares of NKE traded down $0.22 during mid-day trading on Friday, hitting $70.89. 9,688,434 shares of the company traded hands, compared to its average volume of 11,668,856. 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 stock has a market capitalization of $104.85 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 2.26 and a beta of 1.02. The business has a 50-day moving average of $75.77 and a 200 day moving average of $77.94. NIKE, Inc. has a one year low of $70.32 and a one year high of $107.43.

NIKE (NYSE:NKE - Get Free Report) last announced 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. The firm had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.11 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business's quarterly revenue was down 7.7% compared to the same quarter last year. During the same period last year, the company earned $1.03 EPS. As a group, equities analysts expect that NIKE, Inc. will post 2.1 earnings per share for the current fiscal year.

NIKE Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.26%. This is a positive change from NIKE's previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Monday, December 2nd. NIKE's dividend payout ratio (DPR) is presently 49.38%.

Insiders Place Their Bets

In other NIKE news, Director John W. Rogers, Jr. bought 2,500 shares of the company's stock in a transaction 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 transaction, the director now owns 34,403 shares of the company's stock, valued at approximately $2,636,989.95. The trade was a 7.84 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company 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.