Valeo Financial Advisors LLC Boosts Stock Holdings in NIKE, Inc. (NYSE:NKE)

Valeo Financial Advisors LLC increased its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 34.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,137 shares of the footwear maker's stock after acquiring an additional 8,299 shares during the period. Valeo Financial Advisors LLC's holdings in NIKE were worth $2,040,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in NKE. Heck Capital Advisors LLC bought a new stake in NIKE during the fourth quarter worth $28,000. LFA Lugano Financial Advisors SA increased its position in NIKE by 110.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock worth $30,000 after buying an additional 210 shares during the period. Hopwood Financial Services Inc. bought a new position in NIKE during the 4th quarter worth $30,000. EnRich Financial Partners LLC increased 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 worth $31,000 after acquiring an additional 273 shares during the period. Finally, Roxbury Financial LLC increased its position in NIKE by 52.1% during the first quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker's stock worth $37,000 after acquiring an additional 201 shares during the period. Institutional investors own 64.25% of the company's stock.

NIKE Trading Down 0.3%

NKE traded down $0.21 during trading on Wednesday, reaching $73.71. 12,065,340 shares of the stock traded hands, compared to its average volume of 15,308,931. The stock has a market capitalization of $109.03 billion, a PE ratio of 34.13, a P/E/G ratio of 2.77 and a beta of 1.25. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $90.62. The stock's 50-day moving average is $63.08 and its 200 day moving average is $67.40. The company has a quick ratio of 1.50, a current ratio of 2.21 and a debt-to-equity ratio of 0.60.

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

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.17%. NIKE's payout ratio is presently 74.07%.

Analyst Ratings Changes

Several brokerages have recently commented on NKE. BMO Capital Markets lowered their target price on shares of NIKE from $95.00 to $92.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Truist Financial decreased their price target on NIKE from $82.00 to $73.00 and set a "buy" rating on the stock in a research report on Tuesday, June 24th. Needham & Company LLC raised their target price on shares of NIKE from $66.00 to $78.00 and gave the company a "buy" rating in a report on Friday, June 27th. Wells Fargo & Company lifted their price objective on shares of NIKE from $55.00 to $60.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Finally, Morgan Stanley lifted their price objective on shares of NIKE from $61.00 to $64.00 and gave the company an "equal weight" rating in a research note on Friday, June 27th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $77.19.

About NIKE

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.