Arlington Partners LLC Has $3.43 Million Position in NIKE, Inc. (NYSE:NKE)

Arlington Partners LLC raised its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 193.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,026 shares of the footwear maker's stock after buying an additional 35,616 shares during the period. Arlington Partners LLC's holdings in NIKE were worth $3,430,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NKE. Elgethun Capital Management raised its position in shares of NIKE by 13.7% during the fourth quarter. Elgethun Capital Management now owns 1,236 shares of the footwear maker's stock valued at $94,000 after buying an additional 149 shares during the last quarter. AlTi Global Inc. raised its position in NIKE by 0.4% in the fourth quarter. AlTi Global Inc. now owns 36,996 shares of the footwear maker's stock worth $2,813,000 after purchasing an additional 150 shares in the last quarter. Staley Capital Advisers Inc. boosted its stake in NIKE by 4.4% in the 4th quarter. Staley Capital Advisers Inc. now owns 3,773 shares of the footwear maker's stock valued at $286,000 after buying an additional 160 shares in the last quarter. Cohen & Steers Inc. boosted its stake in shares of NIKE by 5.3% in the 4th quarter. Cohen & Steers Inc. now owns 3,171 shares of the footwear maker's stock valued at $240,000 after purchasing an additional 160 shares in the last quarter. Finally, Nwam LLC grew its holdings in shares of NIKE by 2.9% in the 4th quarter. Nwam LLC now owns 6,318 shares of the footwear maker's stock worth $478,000 after purchasing an additional 176 shares during the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NIKE

In other news, Director Robert Holmes Swan acquired 8,600 shares of the stock in a transaction on Friday, April 4th. The stock was acquired at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the transaction, the director now directly owns 31,983 shares in the company, valued at approximately $1,869,726.18. This trade represents a 36.78% increase in their ownership of the stock. The purchase 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 Performance

Shares of NYSE:NKE traded up $1.88 on Thursday, hitting $62.71. The company had a trading volume of 34,370,648 shares, compared to its average volume of 15,436,769. The stock has a market cap of $92.75 billion, a price-to-earnings ratio of 20.83, a P/E/G ratio of 2.23 and a beta of 1.21. The stock has a 50 day moving average price of $60.17 and a 200 day moving average price of $67.73. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $94.74. The company has a current ratio of 2.19, a quick ratio of 1.52 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings results on Thursday, June 26th. The footwear maker reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. The business had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $10.69 billion. NIKE had a return on equity of 32.18% and a net margin of 9.43%. The firm's quarterly revenue was down 11.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.99 EPS. Analysts expect that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

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 issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.60 annualized dividend and a yield of 2.55%. NIKE's dividend payout ratio is presently 53.16%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NKE. Barclays cut their price target on shares of NIKE from $60.00 to $53.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. Berenberg Bank started coverage on NIKE in a research report on Tuesday, April 15th. They issued a "hold" rating and a $58.00 price objective for the company. Needham & Company LLC decreased their target price on NIKE from $75.00 to $66.00 and set a "buy" rating on the stock in a report on Wednesday, June 18th. Dbs Bank raised NIKE from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. reduced their price target on shares of NIKE from $64.00 to $56.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Sixteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, NIKE presently has an average rating of "Moderate Buy" and an average target price of $77.59.

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.