Roundview Capital LLC Has $3.19 Million Stock Position in NIKE, Inc. (NYSE:NKE)

Roundview Capital LLC decreased its position in NIKE, Inc. (NYSE:NKE - Free Report) by 9.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,228 shares of the footwear maker's stock after selling 5,486 shares during the quarter. Roundview Capital LLC's holdings in NIKE were worth $3,188,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Norges Bank bought a new stake in NIKE during the fourth quarter worth approximately $1,126,288,000. Wellington Management Group LLP boosted its position in shares of NIKE by 32.4% in the fourth quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker's stock valued at $2,749,903,000 after acquiring an additional 8,898,591 shares during the period. Jennison Associates LLC bought a new stake in shares of NIKE in the first quarter valued at approximately $509,051,000. Renaissance Technologies LLC boosted its position in shares of NIKE by 1,302.7% in the fourth quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker's stock valued at $196,901,000 after acquiring an additional 2,416,601 shares during the period. Finally, Capital World Investors boosted its position in shares of 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 acquiring an additional 2,288,627 shares during the period. Institutional investors own 64.25% of the company's stock.

NIKE Stock Up 1.1%

NYSE NKE traded up $0.85 during trading on Friday, hitting $76.27. The stock had a trading volume of 7,148,164 shares, compared to its average volume of 19,919,176. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $90.62. The company has a market capitalization of $112.81 billion, a PE ratio of 35.31, a P/E/G ratio of 2.77 and a beta of 1.25. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.50 and a current ratio of 2.21. The company's 50-day moving average price is $66.81 and its two-hundred day moving average price is $67.35.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings data 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 quarter in the prior year, the business posted $0.99 EPS. The business's revenue was down 11.9% compared to the same quarter last year. As a group, sell-side analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Monday, June 2nd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date was Monday, June 2nd. NIKE's dividend payout ratio (DPR) is presently 74.07%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Hsbc Global Res raised NIKE from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Barclays increased their price objective on NIKE from $53.00 to $64.00 and gave the company an "equal weight" rating in a research report on Friday, June 27th. Deutsche Bank Aktiengesellschaft reduced their price objective on NIKE from $77.00 to $71.00 and set a "buy" rating for the company in a research report on Friday, June 20th. The Goldman Sachs Group raised their target price on NIKE from $72.00 to $81.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Finally, Piper Sandler raised their target price on NIKE from $70.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday, June 27th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.15.

Insiders Place Their Bets

In related news, Chairman Mark G. Parker sold 110,000 shares of the stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total value of $7,951,900.00. Following the sale, the chairman owned 842,361 shares in the company, valued at approximately $60,894,276.69. This represents a 11.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company's stock.

NIKE Company 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.