4,726 Shares in NIKE, Inc. (NYSE:NKE) Acquired by Copia Wealth Management

Copia Wealth Management purchased a new position in shares of NIKE, Inc. (NYSE:NKE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,726 shares of the footwear maker's stock, valued at approximately $358,000.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in NIKE by 388.5% during the fourth quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker's stock valued at $15,316,000 after purchasing an additional 160,980 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of NIKE by 7.5% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 20,737 shares of the footwear maker's stock worth $1,569,000 after buying an additional 1,449 shares in the last quarter. PFG Investments LLC increased its holdings in shares of NIKE by 217.5% during the fourth quarter. PFG Investments LLC now owns 25,951 shares of the footwear maker's stock worth $1,964,000 after buying an additional 17,778 shares in the last quarter. Kingswood Wealth Advisors LLC grew its position in shares of NIKE by 5.5% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 19,942 shares of the footwear maker's stock valued at $1,509,000 after buying an additional 1,032 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of NIKE by 25.3% in the fourth quarter. Blue Trust Inc. now owns 14,984 shares of the footwear maker's stock valued at $1,134,000 after buying an additional 3,029 shares during the period. Institutional investors and hedge funds own 64.25% of the company's stock.

NIKE Trading Down 1.5%

Shares of NYSE NKE traded down $0.92 during midday trading on Friday, reaching $60.52. The company had a trading volume of 18,145,753 shares, compared to its average volume of 15,041,010. NIKE, Inc. has a one year low of $52.28 and a one year high of $98.04. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The firm's fifty day moving average price is $59.08 and its 200-day moving average price is $69.58. The stock has a market cap of $89.52 billion, a PE ratio of 18.68, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23.

NIKE (NYSE:NKE - Get Free Report) last released its 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. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company had revenue of $11.27 billion during the quarter, compared to analyst estimates of $11.02 billion. During the same quarter in the previous year, the company posted $0.98 EPS. NIKE's revenue for the quarter was down 9.1% on a year-over-year basis. On average, equities research analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Monday, June 2nd. NIKE's payout ratio is 53.16%.

Analyst Ratings Changes

NKE has been the subject of several recent research reports. Piper Sandler decreased their price target on NIKE from $90.00 to $70.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Barclays dropped their target price on NIKE from $70.00 to $60.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. China Renaissance began coverage on NIKE in a research report on Wednesday, March 19th. They set a "hold" rating for the company. Needham & Company LLC decreased their price target on NIKE from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Finally, Jefferies Financial Group reissued a "buy" rating on shares of NIKE in a research report on Friday, May 23rd. Seventeen equities 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 stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $80.26.

Insider Buying and Selling at NIKE

In other news, Director Robert Holmes Swan bought 8,600 shares of NIKE stock in a transaction on 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 acquisition, the director now owns 31,983 shares of the company's stock, valued at approximately $1,869,726.18. The trade was a 36.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.

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.