PFW Advisors LLC Takes Position in NIKE, Inc. (NYSE:NKE)

PFW Advisors LLC bought a new stake in NIKE, Inc. (NYSE:NKE - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 13,042 shares of the footwear maker's stock, valued at approximately $828,000.

Other hedge funds have also recently modified their holdings of the company. Heck Capital Advisors LLC purchased a new position in shares of NIKE in the 4th quarter valued at $28,000. Roxbury Financial LLC purchased a new position in shares of NIKE in the 4th quarter valued at $30,000. LFA Lugano Financial Advisors SA grew its position in shares of NIKE by 110.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock valued at $30,000 after buying an additional 210 shares during the last quarter. Hopwood Financial Services Inc. purchased a new position in shares of NIKE in the 4th quarter valued at $30,000. Finally, EnRich Financial Partners LLC grew its position in shares of NIKE by 196.4% in the 4th quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock valued at $31,000 after buying an additional 273 shares during the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Stock Up 0.2%

NKE stock opened at $62.82 on Friday. The company has a market cap of $92.92 billion, a P/E ratio of 19.39, a P/E/G ratio of 2.52 and a beta of 1.21. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $98.04. The company's 50-day moving average price is $58.86 and its 200 day moving average price is $69.19. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, topping analysts' consensus estimates 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 9.98% and a return on equity of 36.99%. The firm's revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.98 earnings per share. On average, research analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Monday, June 2nd. NIKE's payout ratio is currently 53.16%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NKE shares. Piper Sandler dropped their target price on shares of NIKE from $90.00 to $70.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. UBS Group lowered their price objective on shares of NIKE from $73.00 to $66.00 and set a "neutral" rating on the stock in a research report on Friday, March 21st. BMO Capital Markets lowered their price objective on shares of NIKE from $95.00 to $92.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Truist Financial lowered their price objective on shares of NIKE from $90.00 to $82.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Finally, Berenberg Bank started coverage on shares of NIKE in a research report on Tuesday, April 15th. They set a "hold" rating and a $58.00 price objective on the stock. Seventeen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $80.26.

Insiders Place Their Bets

In other NIKE news, Director Robert Holmes Swan bought 8,600 shares of the business's stock in a transaction on Friday, April 4th. The stock was bought at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the transaction, the director now owns 31,983 shares in the company, valued at approximately $1,869,726.18. The trade was a 36.78% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by company insiders.

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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