NIKE, Inc. $NKE Shares Acquired by Callan Family Office LLC

Key Points

• Callan Family Office LLC increased its stake in NIKE, Inc. by 203.3% in Q2, acquiring an additional 29,404 shares, bringing its total holdings to 43,868 shares worth approximately $3.1 million.
• NIKE reported a Q1 EPS of $0.49, outperforming analyst estimates of $0.27, with revenues reaching $11.72 billion, higher than the expected $10.96 billion.
• The company declared a quarterly dividend of $0.40, translating to an annualized dividend yield of 2.5%, with a payout ratio currently at 82.05%.

Callan Family Office LLC lifted its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 203.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,868 shares of the footwear maker's stock after acquiring an additional 29,404 shares during the quarter. Callan Family Office LLC's holdings in NIKE were worth $3,116,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in NKE. Brighton Jones LLC increased its stake in shares of NIKE by 388.5% during the fourth 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 period. Park Avenue Securities LLC increased its stake in shares of NIKE by 12.1% during the first quarter. Park Avenue Securities LLC now owns 16,705 shares of the footwear maker's stock worth $1,060,000 after acquiring an additional 1,806 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of NIKE by 32.1% during the first quarter. Harbor Capital Advisors Inc. now owns 21,766 shares of the footwear maker's stock worth $1,382,000 after acquiring an additional 5,291 shares during the period. GAMMA Investing LLC increased its stake in shares of NIKE by 39.1% during the first quarter. GAMMA Investing LLC now owns 20,877 shares of the footwear maker's stock worth $1,325,000 after acquiring an additional 5,863 shares during the period. Finally, Simon Quick Advisors LLC increased its stake in shares of NIKE by 21.0% during the first quarter. Simon Quick Advisors LLC now owns 3,986 shares of the footwear maker's stock worth $253,000 after acquiring an additional 691 shares during the period. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Stock Down 4.1%

NKE stock opened at $65.25 on Friday. The company's 50 day simple moving average is $73.80 and its 200-day simple moving average is $67.28. The firm has a market capitalization of $96.45 billion, a PE ratio of 33.46, a P/E/G ratio of 2.48 and a beta of 1.29. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $84.76. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.45.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings results on Tuesday, September 30th. The footwear maker reported $0.49 EPS for the quarter, beating the consensus estimate of $0.27 by $0.22. The business had revenue of $11.72 billion for the quarter, compared to analyst estimates of $10.96 billion. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The company's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.70 earnings per share. Equities analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd were given a $0.40 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.5%. NIKE's dividend payout ratio is currently 82.05%.

Wall Street Analysts Forecast Growth

NKE has been the topic of several recent analyst reports. Telsey Advisory Group restated a "market perform" rating and set a $75.00 target price on shares of NIKE in a research report on Wednesday, October 1st. Weiss Ratings upgraded shares of NIKE from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday. Zacks Research upgraded shares of NIKE from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 26th. Cowen upgraded shares of NIKE from a "hold" rating to a "buy" rating in a research report on Wednesday, September 10th. Finally, Truist Financial restated a "buy" rating and set a $85.00 target price on shares of NIKE in a research report on Wednesday, October 1st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, NIKE currently has an average rating of "Moderate Buy" and an average price target of $81.57.

Insider Activity at NIKE

In other news, EVP Treasure Heinle sold 4,300 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $71.27, for a total value of $306,461.00. Following the sale, the executive vice president directly owned 29,396 shares in the company, valued at $2,095,052.92. This represents a 12.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Mark G. Parker sold 86,078 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $75.93, for a total transaction of $6,535,902.54. Following the transaction, the chairman directly owned 744,988 shares in the company, valued at $56,566,938.84. The trade was a 10.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold 200,378 shares of company stock worth $14,794,264 over the last quarter. Company insiders own 0.80% of the company's stock.

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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