Cwm LLC Increases Position in NIKE, Inc. (NYSE:NKE)

CWM LLC raised its position in NIKE, Inc. (NYSE:NKE - Free Report) by 127.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,828 shares of the footwear maker's stock after purchasing an additional 48,598 shares during the period. CWM LLC's holdings in NIKE were worth $5,512,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of NKE. Elgethun Capital Management increased its holdings in NIKE by 13.7% in 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 in the last quarter. AlTi Global Inc. increased its holdings in NIKE by 0.4% in the fourth quarter. AlTi Global Inc. now owns 36,996 shares of the footwear maker's stock valued at $2,813,000 after buying an additional 150 shares in the last quarter. Cohen & Steers Inc. increased its holdings in NIKE by 5.3% in the fourth quarter. Cohen & Steers Inc. now owns 3,171 shares of the footwear maker's stock valued at $240,000 after buying an additional 160 shares in the last quarter. Banco de Sabadell S.A increased its holdings in NIKE by 1.2% in the fourth quarter. Banco de Sabadell S.A now owns 15,966 shares of the footwear maker's stock valued at $1,208,000 after buying an additional 188 shares in the last quarter. Finally, Aaron Wealth Advisors LLC increased its holdings in NIKE by 4.3% in the first quarter. Aaron Wealth Advisors LLC now owns 4,666 shares of the footwear maker's stock valued at $296,000 after buying an additional 192 shares in the last quarter. 64.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on NKE. Wells Fargo & Company boosted their target price on shares of NIKE from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Truist Financial cut their target price on shares of NIKE from $82.00 to $73.00 and set a "buy" rating for the company in a research note on Tuesday, June 24th. Berenberg Bank began coverage on shares of NIKE in a research note on Tuesday, April 15th. They set a "hold" rating and a $58.00 target price for the company. DZ Bank cut shares of NIKE from a "buy" rating to a "hold" rating and set a $76.00 target price for the company. in a research note on Thursday, July 10th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of NIKE from $77.00 to $71.00 and set a "buy" rating for the company in a research note on Friday, June 20th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, sixteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $77.15.

Insider Transactions at NIKE

In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of the stock in a transaction that occurred 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 directly owned 842,361 shares in the company, valued at $60,894,276.69. This represents a 11.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by company insiders.

NIKE Trading Down 0.7%

Shares of NKE stock traded down $0.48 during trading hours on Friday, hitting $72.50. The company had a trading volume of 8,789,409 shares, compared to its average volume of 15,094,726. The company's fifty day moving average is $65.21 and its 200 day moving average is $67.29. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 1.50. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $90.62. The stock has a market capitalization of $107.24 billion, a PE ratio of 33.56, a price-to-earnings-growth ratio of 2.65 and a beta of 1.25.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The firm had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same period in the prior year, the business posted $0.99 EPS. The business's revenue for the quarter was down 11.9% compared to the same quarter last year. Research analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd were issued a dividend of $0.40 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.21%. NIKE's dividend payout ratio (DPR) is presently 74.07%.

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.