Aptus Capital Advisors LLC Has $1.72 Million Stock Position in NIKE, Inc. (NYSE:NKE)

Aptus Capital Advisors LLC boosted its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 100.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,619 shares of the footwear maker's stock after purchasing an additional 11,325 shares during the quarter. Aptus Capital Advisors LLC's holdings in NIKE were worth $1,718,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Iowa State Bank raised its position in NIKE by 5.9% during the fourth quarter. Iowa State Bank now owns 31,349 shares of the footwear maker's stock valued at $2,372,000 after purchasing an additional 1,738 shares in the last quarter. Doliver Advisors LP bought a new stake in shares of NIKE during the 4th quarter worth $252,000. Advance Capital Management Inc. bought a new stake in shares of NIKE during the 4th quarter worth $214,000. Range Financial Group LLC bought a new position in NIKE in the fourth quarter valued at about $642,000. Finally, International Assets Investment Management LLC bought a new position in NIKE in the fourth quarter valued at about $512,000. Institutional investors own 64.25% of the company's stock.

Insider Buying and Selling at NIKE

In other NIKE news, Director Robert Holmes Swan bought 8,600 shares of the business's stock in a transaction dated Friday, April 4th. The shares were purchased at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the purchase, the director now directly owns 31,983 shares of the company's stock, valued at approximately $1,869,726.18. This represents a 36.78 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $72.83, for a total value of $12,361,581.56. Following the sale, the chairman now directly owns 896,632 shares of the company's stock, valued at $65,301,708.56. The trade was a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on NKE shares. Berenberg Bank began coverage on shares of NIKE in a research note on Tuesday, April 15th. They issued a "hold" rating and a $58.00 price target on the stock. Williams Trading decreased their target price on shares of NIKE from $93.00 to $73.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. Dbs Bank upgraded NIKE from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Stifel Nicolaus lowered their target price on NIKE from $75.00 to $64.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Finally, Piper Sandler cut their price target on NIKE from $90.00 to $70.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Seventeen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, NIKE currently has a consensus rating of "Moderate Buy" and an average target price of $80.85.

NIKE Stock Down 2.1 %

NIKE stock opened at $57.37 on Tuesday. 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's fifty day moving average price is $64.16 and its two-hundred day moving average price is $71.82. The firm has a market capitalization of $84.86 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 2.52 and a beta of 1.15. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $98.04.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.26. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. During the same quarter in the previous year, the business earned $0.98 EPS. The company's quarterly revenue was down 9.1% on a year-over-year basis. On average, equities research analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Monday, June 2nd. NIKE's dividend payout ratio (DPR) is presently 53.16%.

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.

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