10,405 Shares in NIKE, Inc. (NYSE:NKE) Acquired by SRN Advisors LLC

SRN Advisors LLC acquired a new stake in NIKE, Inc. (NYSE:NKE) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 10,405 shares of the footwear maker’s stock, valued at approximately $787,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Heck Capital Advisors LLC bought a new stake in NIKE during the 4th quarter valued at $28,000. Caitlin John LLC grew its holdings in NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock worth $28,000 after acquiring an additional 200 shares during the last quarter. Teachers Insurance & Annuity Association of America purchased a new position in shares of NIKE in the third quarter valued at about $30,000. Roxbury Financial LLC bought a new position in shares of NIKE during the fourth quarter valued at about $30,000. Finally, BankPlus Trust Department purchased a new stake in shares of NIKE during the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Price Performance

Shares of NKE opened at $81.17 on Thursday. NIKE, Inc. has a twelve month low of $68.62 and a twelve month high of $105.57. The company has a market capitalization of $120.06 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 2.52 and a beta of 1.01. The firm has a 50 day moving average of $74.54 and a 200 day moving average of $78.28. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, topping the consensus estimate of $0.63 by $0.15. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company had revenue of $12.35 billion during the quarter, compared to the consensus estimate of $12.11 billion. During the same period last year, the company earned $1.03 EPS. NIKE’s revenue for the quarter was down 7.7% on a year-over-year basis. As a group, equities research analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE’s dividend payout ratio (DPR) is presently 49.38%.

Wall Street Analyst Weigh In

NKE has been the subject of several research analyst reports. BMO Capital Markets increased their price objective on NIKE from $92.00 to $95.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $84.00 price target on shares of NIKE in a research note on Friday, February 7th. Guggenheim reissued a “buy” rating and set a $110.00 price objective on shares of NIKE in a research report on Wednesday, February 12th. Piper Sandler upgraded shares of NIKE from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $72.00 to $90.00 in a report on Friday, January 10th. Finally, UBS Group reaffirmed a “neutral” rating and set a $73.00 target price on shares of NIKE in a research note on Thursday, December 26th. Fourteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $89.77.

Insider Buying and Selling at NIKE

In other NIKE news, Director John W. Rogers, Jr. acquired 2,500 shares of the stock in a transaction dated Friday, December 27th. The shares were purchased at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the purchase, the director now directly owns 34,403 shares of the company’s stock, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Mark G. Parker sold 169,732 shares of the firm’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 completion of the transaction, the chairman now directly owns 896,632 shares in the company, valued at approximately $65,301,708.56. The trade was a 15.92 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

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.