HBW Advisory Services LLC Boosts Stock Holdings in NIKE, Inc. (NYSE:NKE)

HBW Advisory Services LLC grew its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 18.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,053 shares of the footwear maker's stock after purchasing an additional 6,877 shares during the period. HBW Advisory Services LLC's holdings in NIKE were worth $2,796,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Klein Pavlis & Peasley Financial Inc. increased its stake in shares of NIKE by 31.1% in the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 25,835 shares of the footwear maker's stock valued at $1,955,000 after buying an additional 6,124 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of NIKE by 1,302.7% in the 4th quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker's stock valued at $196,901,000 after acquiring an additional 2,416,601 shares during the last quarter. Capitolis Liquid Global Markets LLC raised its holdings in NIKE by 40.9% in the fourth quarter. Capitolis Liquid Global Markets LLC now owns 310,000 shares of the footwear maker's stock worth $23,458,000 after purchasing an additional 90,000 shares during the period. Janus Henderson Group PLC lifted its holdings in NIKE by 8.3% during the fourth quarter. Janus Henderson Group PLC now owns 6,081,021 shares of the footwear maker's stock worth $460,160,000 after acquiring an additional 463,470 shares in the last quarter. Finally, Markel Group Inc. increased its stake in NIKE by 0.8% during the 4th quarter. Markel Group Inc. now owns 432,400 shares of the footwear maker's stock worth $32,720,000 after purchasing an additional 3,500 shares in the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NIKE

In other news, Director Robert Holmes Swan bought 8,600 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the acquisition, the director now directly owns 31,983 shares in the company, valued at approximately $1,869,726.18. This trade represents a 36.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. 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 note on Monday, April 21st. Stifel Nicolaus cut their price objective on shares of NIKE from $75.00 to $64.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Piper Sandler decreased their target price on NIKE from $90.00 to $70.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. 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. Finally, Morgan Stanley reduced their price target on NIKE from $72.00 to $70.00 and set an "equal weight" rating for the company in a research note on Friday, March 21st. Seventeen equities 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $80.26.

NIKE Trading Down 0.2%

Shares of NYSE NKE traded down $0.13 during midday trading on Thursday, reaching $62.64. The stock had a trading volume of 10,598,551 shares, compared to its average volume of 15,031,671. The firm has a market cap of $92.65 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $98.04. The company's 50 day moving average price is $58.92 and its 200 day moving average price is $69.38.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.26. The company had revenue of $11.27 billion for 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 firm's revenue was down 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 EPS. As a group, sell-side analysts expect that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Monday, June 2nd. NIKE's payout ratio is 53.16%.

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.