NIKE, Inc. (NYSE:NKE) Stock Position Boosted by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lifted its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 132.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,447 shares of the footwear maker's stock after buying an additional 26,505 shares during the period. Kingswood Wealth Advisors LLC's holdings in NIKE were worth $2,994,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Heck Capital Advisors LLC acquired a new stake in NIKE in the fourth quarter valued at approximately $28,000. LFA Lugano Financial Advisors SA boosted its stake in shares of NIKE by 110.5% in 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. acquired a new stake in NIKE during the 4th quarter valued at $30,000. EnRich Financial Partners LLC increased its stake in NIKE by 196.4% during the 4th quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock worth $31,000 after buying an additional 273 shares during the period. Finally, BankPlus Trust Department acquired a new position in NIKE in the 4th quarter worth $34,000. Institutional investors and hedge funds own 64.25% of the company's stock.

Insider Activity

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on NKE shares. Royal Bank Of Canada lowered their target price on NIKE from $66.00 to $65.00 and set a "sector perform" rating for the company in a research note on Tuesday, May 20th. China Renaissance began coverage on NIKE in a report on Wednesday, March 19th. They set a "hold" rating on the stock. Berenberg Bank began coverage on NIKE in a research report on Tuesday, April 15th. They issued a "hold" rating and a $58.00 target price on the stock. Robert W. Baird decreased their price target on shares of NIKE from $105.00 to $99.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Finally, Piper Sandler cut their price target on shares of NIKE from $90.00 to $70.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. 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 company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $79.15.

NIKE Stock Performance

NKE stock traded down $0.53 during mid-day trading on Thursday, reaching $59.47. The company had a trading volume of 14,143,581 shares, compared to its average volume of 15,253,551. NIKE, Inc. has a one year low of $52.28 and a one year high of $98.04. The stock has a market capitalization of $87.96 billion, a P/E ratio of 19.76, a P/E/G ratio of 2.11 and a beta of 1.21. The company has a quick ratio of 1.52, a current ratio of 2.19 and a debt-to-equity ratio of 0.57. The stock's 50-day simple moving average is $59.57 and its two-hundred day simple moving average is $68.36.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.26. The firm had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $11.02 billion. NIKE had a net margin of 9.43% and a return on equity of 32.18%. NIKE's quarterly revenue was down 9.1% compared to the same quarter last year. During the same period last year, the firm posted $0.98 EPS. Research analysts anticipate 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. Shareholders of record on Monday, June 2nd will be paid a $0.40 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.69%. NIKE's payout ratio is currently 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.