Clear Creek Financial Management LLC Has $613,000 Stock Position in NIKE, Inc. (NYSE:NKE)

Clear Creek Financial Management LLC lifted its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 253.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,664 shares of the footwear maker's stock after acquiring an additional 6,926 shares during the quarter. Clear Creek Financial Management LLC's holdings in NIKE were worth $613,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of NKE. Norges Bank bought a new stake in shares of NIKE in the 4th quarter valued at about $1,126,288,000. Wellington Management Group LLP grew its holdings in NIKE by 32.4% during the fourth quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker's stock worth $2,749,903,000 after purchasing an additional 8,898,591 shares during the period. Renaissance Technologies LLC increased its position in NIKE by 1,302.7% during the fourth quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker's stock worth $196,901,000 after buying an additional 2,416,601 shares during the last quarter. Capital World Investors raised its stake in NIKE by 10.3% in the fourth quarter. Capital World Investors now owns 24,545,937 shares of the footwear maker's stock valued at $1,857,389,000 after buying an additional 2,288,627 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of NIKE in the fourth quarter valued at approximately $156,438,000. Institutional investors own 64.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on NKE shares. Cfra Research raised NIKE to a "moderate buy" rating in a report on Friday, March 21st. Barclays lifted their price objective on shares of NIKE from $53.00 to $64.00 and gave the stock an "equal weight" rating in a research report on Friday, June 27th. Truist Financial dropped their price objective on shares of NIKE from $82.00 to $73.00 and set a "buy" rating on the stock in a research report on Tuesday, June 24th. Williams Trading reduced their target price on shares of NIKE from $93.00 to $73.00 and set a "buy" rating for the company in a report on Monday, April 21st. Finally, HSBC raised shares of NIKE from a "hold" rating to a "buy" rating and set a $80.00 price target on the stock in a report on Friday, June 27th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $77.19.

Insiders Place Their Bets

In other NIKE news, Director Robert Holmes Swan purchased 8,600 shares of the business's stock in a transaction 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 acquisition, the director owned 31,983 shares of the company's stock, valued at approximately $1,869,726.18. This represents a 36.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.10% of the company's stock.

NIKE Price Performance

NYSE NKE traded down $0.11 during trading on Thursday, hitting $76.28. 12,022,568 shares of the company's stock were exchanged, compared to its average volume of 15,374,678. The company has a market cap of $112.83 billion, a PE ratio of 35.31, a P/E/G ratio of 2.65 and a beta of 1.25. The company has a current ratio of 2.21, a quick ratio of 1.50 and a debt-to-equity ratio of 0.60. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $90.62. The stock's 50 day moving average price is $61.64 and its two-hundred day moving average price is $67.50.

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

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Monday, June 2nd were given a dividend of $0.40 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.10%. NIKE's payout ratio is 53.16%.

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.