Illinois Municipal Retirement Fund Has $9.83 Million Stake in NIKE, Inc. (NYSE:NKE)

Illinois Municipal Retirement Fund increased its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 3.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 154,829 shares of the footwear maker's stock after purchasing an additional 5,185 shares during the period. Illinois Municipal Retirement Fund's holdings in NIKE were worth $9,829,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of NKE. Heck Capital Advisors LLC bought a new stake in shares of NIKE during the fourth quarter valued at approximately $28,000. LFA Lugano Financial Advisors SA increased its position in shares of NIKE by 110.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock valued at $30,000 after purchasing an additional 210 shares during the period. Hopwood Financial Services Inc. bought a new stake in shares of NIKE during the fourth quarter valued at approximately $30,000. EnRich Financial Partners LLC grew its position in NIKE by 196.4% in the fourth quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock valued at $31,000 after acquiring an additional 273 shares during the period. Finally, Roxbury Financial LLC grew its position in NIKE by 52.1% in the first quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker's stock valued at $37,000 after acquiring an additional 201 shares during the period. 64.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NIKE

In related news, Director Robert Holmes Swan bought 8,600 shares of the business's stock in a transaction on Friday, April 4th. The shares were purchased at an average price of $58.46 per share, with a total value of $502,756.00. Following the completion of the purchase, the director now owns 31,983 shares of the company's stock, valued at $1,869,726.18. This represents a 36.78% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.10% of the company's stock.

NIKE Trading Up 15.3%

Shares of NKE traded up $9.55 during trading hours on Friday, hitting $72.09. 117,428,527 shares of the stock traded hands, compared to its average volume of 15,803,806. The company has a current ratio of 2.19, a quick ratio of 1.52 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $90.62. The firm has a market capitalization of $106.63 billion, a PE ratio of 33.38, a price-to-earnings-growth ratio of 2.29 and a beta of 1.21. The business has a fifty day moving average of $60.63 and a 200-day moving average of $67.60.

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 the consensus estimate of $0.12 by $0.02. NIKE had a return on equity of 23.00% and a net margin of 6.95%. The business had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same quarter in the prior year, the firm posted $0.99 earnings per share. The firm's revenue for the quarter was down 11.9% compared to the same quarter last year. Analysts expect that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Monday, June 2nd. NIKE's payout ratio is 53.16%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NKE shares. Cfra Research upgraded NIKE to a "moderate buy" rating in a research report on Friday, March 21st. Royal Bank Of Canada lowered their price target on NIKE from $66.00 to $65.00 and set a "sector perform" rating on the stock in a research report on Tuesday, May 20th. Piper Sandler upped their price target on NIKE from $70.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday. Wall Street Zen cut NIKE from a "hold" rating to a "sell" rating in a research report on Friday. Finally, Bank of America upped their price target on NIKE from $80.00 to $84.00 and gave the company a "buy" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $79.33.

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.