NIKE, Inc. (NYSE:NKE) Shares Purchased by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. increased its position in NIKE, Inc. (NYSE:NKE - Free Report) by 1,303.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 500,961 shares of the footwear maker's stock after purchasing an additional 465,273 shares during the period. Ferguson Wellman Capital Management Inc.'s holdings in NIKE were worth $31,801,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NKE. JNBA Financial Advisors lifted its stake 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 acquiring an additional 131 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its position in NIKE by 0.7% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 20,446 shares of the footwear maker's stock valued at $1,547,000 after purchasing an additional 136 shares in the last quarter. Elgethun Capital Management raised its position in NIKE by 13.7% in the 4th quarter. Elgethun Capital Management now owns 1,236 shares of the footwear maker's stock valued at $94,000 after purchasing an additional 149 shares in the last quarter. Game Plan Financial Advisors LLC raised its position in NIKE by 11.1% in the 4th quarter. Game Plan Financial Advisors LLC now owns 1,500 shares of the footwear maker's stock valued at $114,000 after purchasing an additional 150 shares in the last quarter. Finally, AlTi Global Inc. raised its position in NIKE by 0.4% in the 4th quarter. AlTi Global Inc. now owns 36,996 shares of the footwear maker's stock valued at $2,813,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 64.25% of the company's stock.

NIKE Price Performance

Shares of NYSE NKE traded down $2.36 during trading on Friday, reaching $60.44. The company had a trading volume of 16,491,618 shares, compared to its average volume of 15,169,340. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $98.04. The stock has a market capitalization of $89.40 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 2.52 and a beta of 1.21. The stock has a 50-day moving average price of $59.38 and a two-hundred day moving average price of $68.73. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.26. The business had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business's revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 earnings per share. As a group, sell-side analysts predict 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 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%.

Insider Transactions at NIKE

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on NKE shares. Williams Trading cut their target price on NIKE from $93.00 to $73.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. Wells Fargo & Company raised their price target on NIKE from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Citigroup lowered their target price on NIKE from $72.00 to $57.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Piper Sandler lowered their target price on NIKE from $90.00 to $70.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, Needham & Company LLC reduced their price target on NIKE from $84.00 to $80.00 and set a "buy" rating for the company in a report on Monday, March 17th. Seventeen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, NIKE presently has a consensus rating of "Moderate Buy" and a consensus target price of $80.26.

About NIKE

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.