NIKE, Inc. (NYSE:NKE) Shares Bought by Chicago Capital LLC

Chicago Capital LLC boosted its position in NIKE, Inc. (NYSE:NKE - Free Report) by 71.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,224 shares of the footwear maker's stock after purchasing an additional 6,355 shares during the period. Chicago Capital LLC's holdings in NIKE were worth $966,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of NKE. Elgethun Capital Management increased its stake in NIKE by 13.7% in the 4th quarter. Elgethun Capital Management now owns 1,236 shares of the footwear maker's stock worth $94,000 after purchasing an additional 149 shares in the last quarter. AlTi Global Inc. raised its position in NIKE by 0.4% during the fourth quarter. AlTi Global Inc. now owns 36,996 shares of the footwear maker's stock valued at $2,813,000 after acquiring an additional 150 shares in the last quarter. Waterfront Wealth Inc. lifted its stake in shares of NIKE by 1.4% in the 4th quarter. Waterfront Wealth Inc. now owns 10,757 shares of the footwear maker's stock valued at $814,000 after purchasing an additional 153 shares during the last quarter. Staley Capital Advisers Inc. lifted its position in shares of NIKE by 4.4% in the fourth quarter. Staley Capital Advisers Inc. now owns 3,773 shares of the footwear maker's stock worth $286,000 after buying an additional 160 shares during the last quarter. Finally, Cohen & Steers Inc. lifted its holdings in NIKE by 5.3% in the 4th quarter. Cohen & Steers Inc. now owns 3,171 shares of the footwear maker's stock worth $240,000 after purchasing an additional 160 shares during the last quarter. Institutional investors own 64.25% of the company's stock.

Insider Activity

In other NIKE news, Director Robert Holmes Swan bought 8,600 shares of NIKE stock in a transaction dated Friday, April 4th. The stock was bought at an average price of $58.46 per share, with a total value of $502,756.00. Following the completion of the transaction, the director now owns 31,983 shares in the company, valued at $1,869,726.18. The trade was a 36.78% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Stifel Nicolaus cut their target price on shares of NIKE from $75.00 to $64.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Morgan Stanley decreased their price objective on NIKE from $70.00 to $61.00 and set an "equal weight" rating on the stock in a report on Tuesday. UBS Group lowered their target price on shares of NIKE from $73.00 to $66.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. Telsey Advisory Group reaffirmed a "market perform" rating and set a $70.00 price target on shares of NIKE in a report on Tuesday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of NIKE from $64.00 to $56.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Seventeen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $79.93.

NIKE Trading Down 3.0%

Shares of NYSE:NKE opened at $60.02 on Wednesday. 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 $88.77 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 2.14 and a beta of 1.21. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.19 and a quick ratio of 1.52. The company's 50-day moving average price is $59.57 and its two-hundred day moving average price is $68.42.

NIKE (NYSE:NKE - Get Free Report) last issued its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.26. The business 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%. The firm's revenue for the quarter was down 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 earnings per share. On average, equities analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date of this dividend is Monday, June 2nd. NIKE's dividend payout ratio (DPR) is presently 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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