NIKE, Inc. (NYSE:NKE) Shares Purchased by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA grew its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 11.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,334 shares of the footwear maker's stock after purchasing an additional 8,999 shares during the period. Compagnie Lombard Odier SCmA's holdings in NIKE were worth $5,734,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Heck Capital Advisors LLC acquired a new position in shares of NIKE in the 4th quarter valued at $28,000. Roxbury Financial LLC acquired a new position in NIKE during the 4th quarter worth about $30,000. LFA Lugano Financial Advisors SA lifted its stake in NIKE by 110.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock worth $30,000 after acquiring an additional 210 shares in the last quarter. Hopwood Financial Services Inc. acquired a new position in NIKE during the 4th quarter worth about $30,000. Finally, EnRich Financial Partners LLC lifted its stake in NIKE by 196.4% during the 4th quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock worth $31,000 after acquiring an additional 273 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company's stock.

Insider Transactions at NIKE

In other NIKE news, Director Robert Holmes Swan purchased 8,600 shares of NIKE stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average price of $58.46 per share, with a total value of $502,756.00. Following the completion of the acquisition, the director now owns 31,983 shares of the company's stock, valued at approximately $1,869,726.18. This trade represents a 36.78% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NKE. Williams Trading cut their price target on NIKE from $93.00 to $73.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Robert W. Baird cut their price target on NIKE from $105.00 to $99.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Citigroup dropped their price objective on NIKE from $72.00 to $57.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. China Renaissance started coverage on NIKE in a report on Wednesday, March 19th. They issued a "hold" rating on the stock. Finally, Piper Sandler dropped their price objective on NIKE from $90.00 to $70.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Seventeen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $80.26.

NIKE Trading Down 3.8%

NIKE stock traded down $2.36 during trading on Friday, hitting $60.44. The company's stock had a trading volume of 12,044,299 shares, compared to its average volume of 15,140,278. The stock has a market capitalization of $89.40 billion, a price-to-earnings ratio of 18.65, a P/E/G ratio of 2.52 and a beta of 1.21. The stock's fifty day moving average is $59.23 and its 200 day moving average is $68.85. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $98.04. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22.

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

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Monday, June 2nd. NIKE's payout ratio is 53.16%.

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.