Crestwood Advisors Group LLC Acquires 3,448 Shares of NIKE, Inc. (NYSE:NKE)

Crestwood Advisors Group LLC boosted its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 14.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,534 shares of the footwear maker's stock after purchasing an additional 3,448 shares during the quarter. Crestwood Advisors Group LLC's holdings in NIKE were worth $1,684,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Heck Capital Advisors LLC purchased a new position in shares of NIKE during the 4th quarter valued at about $28,000. EnRich Financial Partners LLC raised its stake in NIKE by 196.4% during the fourth quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock valued at $31,000 after buying an additional 273 shares during the last quarter. Roxbury Financial LLC raised its stake in NIKE by 52.1% during the first quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker's stock valued at $37,000 after buying an additional 201 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE raised its stake in NIKE by 95.1% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 513 shares of the footwear maker's stock valued at $39,000 after buying an additional 250 shares during the last quarter. Finally, Putney Financial Group LLC purchased a new position in NIKE during the fourth quarter valued at $40,000. 64.25% of the stock is currently owned by institutional investors.

NIKE Stock Up 2.2%

NKE opened at $74.07 on Tuesday. The stock has a market cap of $109.56 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 2.66 and a beta of 1.25. The company has a quick ratio of 1.50, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The company's 50-day moving average price is $65.49 and its two-hundred day moving average price is $67.17. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $90.62.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings results on Thursday, June 26th. The footwear maker reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. The company had revenue of $11.10 billion during the quarter, compared to analysts' expectations of $10.69 billion. NIKE had a net margin of 6.95% and a return on equity of 23.33%. NIKE's revenue was down 11.9% on a year-over-year basis. During the same period last year, the company posted $0.99 EPS. As a group, equities analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Monday, June 2nd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date was Monday, June 2nd. NIKE's dividend payout ratio (DPR) is presently 74.07%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on NKE shares. Deutsche Bank Aktiengesellschaft decreased their target price on NIKE from $77.00 to $71.00 and set a "buy" rating on the stock in a research report on Friday, June 20th. Piper Sandler increased their target price on NIKE from $70.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday, June 27th. Jefferies Financial Group restated a "buy" rating on shares of NIKE in a research note on Friday, May 23rd. Wells Fargo & Company lifted their price objective on NIKE from $55.00 to $60.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Finally, JPMorgan Chase & Co. raised their price target on shares of NIKE from $56.00 to $64.00 and gave the stock a "neutral" rating in a research note on Friday, June 27th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $77.15.

Insider Transactions at NIKE

In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of NIKE stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $72.29, for a total transaction of $7,951,900.00. Following the sale, the chairman owned 842,361 shares of the company's stock, valued at $60,894,276.69. The trade was a 11.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.10% of the company's stock.

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.

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