Donald L. Hagan LLC Buys Shares of 17,488 NIKE, Inc. (NYSE:NKE)

Donald L. Hagan LLC acquired a new position in shares of NIKE, Inc. (NYSE:NKE - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 17,488 shares of the footwear maker's stock, valued at approximately $1,110,000.

Several other large investors also recently bought and sold shares of NKE. JNBA Financial Advisors increased its position in NIKE by 1.3% during the 4th quarter. JNBA Financial Advisors now owns 10,045 shares of the footwear maker's stock worth $760,000 after purchasing an additional 131 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its position in NIKE by 0.7% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 20,446 shares of the footwear maker's stock worth $1,547,000 after purchasing an additional 136 shares in the last quarter. Elgethun Capital Management increased its position in NIKE by 13.7% during the 4th quarter. Elgethun Capital Management now owns 1,236 shares of the footwear maker's stock worth $94,000 after purchasing an additional 149 shares in the last quarter. Game Plan Financial Advisors LLC increased its position in NIKE by 11.1% during the 4th quarter. Game Plan Financial Advisors LLC now owns 1,500 shares of the footwear maker's stock worth $114,000 after purchasing an additional 150 shares in the last quarter. Finally, AlTi Global Inc. increased its position in NIKE by 0.4% during the 4th quarter. AlTi Global Inc. now owns 36,996 shares of the footwear maker's stock worth $2,813,000 after purchasing an additional 150 shares in the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Truist Financial decreased their price target on NIKE from $90.00 to $82.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Morgan Stanley decreased their price target on NIKE from $72.00 to $70.00 and set an "equal weight" rating on the stock in a research note on Friday, March 21st. Needham & Company LLC decreased their price target on NIKE from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. China Renaissance assumed coverage on NIKE in a research note on Wednesday, March 19th. They issued a "hold" rating on the stock. Finally, Piper Sandler decreased their price target on NIKE from $90.00 to $70.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. 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 data from MarketBeat, NIKE presently has an average rating of "Moderate Buy" and an average target price of $80.26.

Insider Activity at NIKE

In other news, Director Robert Holmes Swan acquired 8,600 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were purchased at an average cost 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 $1,869,726.18. This trade represents a 36.78% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by insiders.

NIKE Stock Performance

Shares of NYSE:NKE traded down $2.36 on Friday, reaching $60.44. 16,491,618 shares of the company's stock were exchanged, compared to its average volume of 15,169,330. The firm has a market capitalization of $89.40 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 2.52 and a beta of 1.21. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $98.04. The business's 50-day moving average is $59.23 and its two-hundred day moving average is $68.85. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57.

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

NIKE Announces Dividend

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

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.