4,596 Shares in NIKE, Inc. (NYSE:NKE) Purchased by Integrated Investment Consultants LLC

Key Points

• Integrated Investment Consultants LLC has acquired 4,596 shares of NIKE, Inc., valued at approximately $292,000, expanding its stake in the company during the first quarter.
• A total of 64.25% of NIKE stock is owned by hedge funds and institutional investors, with notable increases in holdings from firms such as Renaissance Technologies LLC and Spire Wealth Management.
• NIKE recently declared a quarterly dividend of $0.40 per share, representing an annualized dividend of $1.60 and a yield of 2.10%.

Integrated Investment Consultants LLC bought a new stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,596 shares of the footwear maker's stock, valued at approximately $292,000.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in NIKE by 388.5% in the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker's stock worth $15,316,000 after acquiring an additional 160,980 shares during the last quarter. Bank Pictet & Cie Europe AG raised its holdings in NIKE by 10.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 190,915 shares of the footwear maker's stock worth $14,447,000 after acquiring an additional 17,888 shares during the last quarter. AssuredPartners Investment Advisors LLC purchased a new position in NIKE in the 4th quarter worth approximately $259,000. New Age Alpha Advisors LLC purchased a new position in NIKE in the 4th quarter worth approximately $3,318,000. Finally, Nomura Asset Management Co. Ltd. raised its holdings in NIKE by 19.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 548,341 shares of the footwear maker's stock worth $41,493,000 after acquiring an additional 88,260 shares during the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Price Performance

Shares of NKE traded up $0.85 during mid-day trading on Friday, hitting $76.27. 7,148,164 shares of the stock were exchanged, compared to its average volume of 14,403,078. The company has a market cap of $112.64 billion, a PE ratio of 35.31, a price-to-earnings-growth ratio of 2.80 and a beta of 1.25. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $90.62. The firm has a 50-day moving average of $66.81 and a two-hundred day moving average of $67.29. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.50 and a current ratio of 2.21.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. NIKE had a return on equity of 23.33% and a net margin of 6.95%. The business had revenue of $11.10 billion for the quarter, compared to analysts' expectations of $10.69 billion. During the same period in the prior year, the firm earned $0.99 EPS. The company's revenue for the quarter was down 11.9% on a year-over-year basis. On average, equities analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Monday, June 2nd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Monday, June 2nd. NIKE's payout ratio is 74.07%.

Insider Activity at NIKE

In related news, Chairman Mark G. Parker sold 110,000 shares of the stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $72.29, for a total value of $7,951,900.00. Following the completion of the transaction, the chairman owned 842,361 shares of the company's stock, valued at approximately $60,894,276.69. This trade represents a 11.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NKE. Stifel Nicolaus decreased their target price on shares of NIKE from $75.00 to $64.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Truist Financial decreased their target price on shares of NIKE from $82.00 to $73.00 and set a "buy" rating for the company in a research note on Tuesday, June 24th. Citigroup boosted their target price on shares of NIKE from $57.00 to $68.00 and gave the company a "neutral" rating in a research note on Friday, June 27th. The Goldman Sachs Group boosted their target price on shares of NIKE from $72.00 to $81.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Finally, JPMorgan Chase & Co. boosted their target price on shares of NIKE from $56.00 to $64.00 and gave the company a "neutral" rating in a research note on Friday, June 27th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $77.15.

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.