Bennett Selby Investments LP Purchases 14,021 Shares of NIKE, Inc. (NYSE:NKE)

Bennett Selby Investments LP boosted its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 38.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,412 shares of the footwear maker's stock after buying an additional 14,021 shares during the period. NIKE comprises 1.3% of Bennett Selby Investments LP's investment portfolio, making the stock its 18th largest holding. Bennett Selby Investments LP's holdings in NIKE were worth $3,200,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Bangor Savings Bank lifted its stake in NIKE by 591.8% in the 1st quarter. Bangor Savings Bank now owns 11,138 shares of the footwear maker's stock worth $707,000 after acquiring an additional 9,528 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of NIKE by 12.1% in the 1st quarter. Park Avenue Securities LLC now owns 16,705 shares of the footwear maker's stock valued at $1,060,000 after purchasing an additional 1,806 shares during the period. ARS Wealth Advisors Group LLC lifted its position in shares of NIKE by 10.2% in the first quarter. ARS Wealth Advisors Group LLC now owns 4,871 shares of the footwear maker's stock worth $309,000 after purchasing an additional 450 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of NIKE by 284.4% during the first quarter. UMB Bank n.a. now owns 104,946 shares of the footwear maker's stock worth $6,662,000 after purchasing an additional 77,643 shares during the period. Finally, Perennial Advisors LLC boosted its holdings in shares of NIKE by 46.4% during the first quarter. Perennial Advisors LLC now owns 30,664 shares of the footwear maker's stock worth $1,947,000 after purchasing an additional 9,718 shares during the period. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NIKE

In related news, Director Robert Holmes Swan purchased 8,600 shares of NIKE stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the transaction, the director now directly owns 31,983 shares in the company, valued at approximately $1,869,726.18. This represents a 36.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.10% of the company's stock.

NIKE Price Performance

Shares of NKE traded down $0.89 during mid-day trading on Monday, reaching $61.91. The company had a trading volume of 11,619,055 shares, compared to its average volume of 15,091,969. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The company has a market capitalization of $91.58 billion, a P/E ratio of 19.11, a P/E/G ratio of 2.52 and a beta of 1.21. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $98.04. The company's 50-day moving average is $58.86 and its 200-day moving average is $69.15.

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

NIKE Announces Dividend

The firm 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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Monday, June 2nd. NIKE's dividend payout ratio is currently 53.16%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on NKE shares. China Renaissance initiated coverage on shares of NIKE in a research report on Wednesday, March 19th. They issued a "hold" rating for the company. The Goldman Sachs Group cut their price objective on NIKE from $88.00 to $72.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Morgan Stanley reduced their price objective on NIKE from $72.00 to $70.00 and set an "equal weight" rating for the company in a research report on Friday, March 21st. Piper Sandler dropped their target price on NIKE from $90.00 to $70.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Finally, Robert W. Baird reduced their price target on NIKE from $105.00 to $99.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Seventeen 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $80.26.

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.