Inscription Capital LLC Invests $10.82 Million in NIKE, Inc. (NYSE:NKE)

Inscription Capital LLC acquired a new position in NIKE, Inc. (NYSE:NKE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 170,365 shares of the footwear maker's stock, valued at approximately $10,815,000. NIKE comprises about 1.8% of Inscription Capital LLC's holdings, making the stock its 12th biggest holding.

Several other large investors also recently added to or reduced their stakes in NKE. Heck Capital Advisors LLC purchased a new position in shares of NIKE during the 4th quarter worth $28,000. LFA Lugano Financial Advisors SA increased its stake in shares of NIKE by 110.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock worth $30,000 after purchasing an additional 210 shares in the last quarter. Hopwood Financial Services Inc. bought a new position in NIKE in the 4th quarter worth $30,000. EnRich Financial Partners LLC lifted its position in NIKE by 196.4% during the fourth quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock valued at $31,000 after purchasing an additional 273 shares in the last quarter. Finally, BankPlus Trust Department bought a new stake in NIKE during the fourth quarter valued at about $34,000. 64.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NKE shares. Cfra Research raised NIKE to a "moderate buy" rating in a research note on Friday, March 21st. Barclays decreased their target price on shares of NIKE from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Monday, May 12th. Needham & Company LLC lowered their target price on shares of NIKE from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. BMO Capital Markets lowered their price target on NIKE from $95.00 to $92.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Finally, Stifel Nicolaus dropped their price target on NIKE from $75.00 to $64.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Seventeen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $80.26.

Insider Buying and Selling

In other NIKE news, Director Robert Holmes Swan acquired 8,600 shares of the business's stock in a transaction on Friday, April 4th. The shares were bought at an average price of $58.46 per share, with a total value of $502,756.00. Following the transaction, the director now directly owns 31,983 shares of the company's stock, 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 SEC, which is available at this link. 1.10% of the stock is currently owned by corporate insiders.

NIKE Price Performance

Shares of NIKE stock opened at $61.90 on Tuesday. The stock has a 50 day moving average price of $59.56 and a 200-day moving average price of $68.48. NIKE, Inc. has a one year low of $52.28 and a one year high of $98.04. The stock has a market cap of $91.55 billion, a price-to-earnings ratio of 19.10, a price-to-earnings-growth ratio of 2.52 and a beta of 1.21. 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 (NYSE:NKE - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.28 by $0.26. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company had revenue of $11.27 billion during the quarter, compared to analyst estimates of $11.02 billion. During the same period in the previous year, the firm earned $0.98 earnings per share. NIKE's quarterly revenue was down 9.1% compared to the same quarter last year. Equities analysts expect that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.60 annualized dividend and a yield of 2.58%. NIKE's payout ratio is 53.16%.

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.

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