29,778 Shares in NIKE, Inc. (NYSE:NKE) Acquired by Tounjian Advisory Partners LLC

Tounjian Advisory Partners LLC acquired a new position in NIKE, Inc. (NYSE:NKE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 29,778 shares of the footwear maker's stock, valued at approximately $1,890,000.

Several other large investors also recently modified their holdings of the company. Renaissance Technologies LLC lifted 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 valued at $196,901,000 after purchasing an additional 2,416,601 shares in the last quarter. Capitolis Liquid Global Markets LLC lifted its position in NIKE by 40.9% during the fourth quarter. Capitolis Liquid Global Markets LLC now owns 310,000 shares of the footwear maker's stock valued at $23,458,000 after purchasing an additional 90,000 shares in the last quarter. Janus Henderson Group PLC lifted its position in NIKE by 8.3% during the fourth quarter. Janus Henderson Group PLC now owns 6,081,021 shares of the footwear maker's stock valued at $460,160,000 after purchasing an additional 463,470 shares in the last quarter. Markel Group Inc. lifted its stake in shares of NIKE by 0.8% during the 4th quarter. Markel Group Inc. now owns 432,400 shares of the footwear maker's stock valued at $32,720,000 after buying an additional 3,500 shares in the last quarter. Finally, Evergreen Capital Management LLC lifted its stake in shares of NIKE by 3.3% during the 4th quarter. Evergreen Capital Management LLC now owns 237,199 shares of the footwear maker's stock valued at $18,042,000 after buying an additional 7,536 shares in the last quarter. Institutional investors own 64.25% of the company's stock.

NIKE Trading Up 3.2%

Shares of NKE traded up $1.99 during mid-day trading on Tuesday, reaching $63.90. 15,265,176 shares of the company's stock traded hands, compared to its average volume of 15,124,969. The stock has a market cap of $94.51 billion, a P/E ratio of 19.72, a P/E/G ratio of 2.52 and a beta of 1.21. The stock's 50-day moving average is $58.80 and its two-hundred day moving average is $69.04. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $98.04. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51.

NIKE (NYSE:NKE - Get Free Report) last released its earnings results on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.28 by $0.26. The firm had revenue of $11.27 billion for the quarter, compared to analysts' expectations of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company's quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 earnings per share. Research analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.60 annualized dividend and a yield of 2.50%. NIKE's dividend payout ratio (DPR) is 53.16%.

Analysts Set New Price Targets

NKE has been the topic of a number of analyst reports. Needham & Company LLC lowered their target price on shares of NIKE from $84.00 to $80.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. BMO Capital Markets lowered their price objective on NIKE from $95.00 to $92.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Piper Sandler lowered their price objective on NIKE from $90.00 to $70.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Telsey Advisory Group lowered their price objective on NIKE from $80.00 to $70.00 and set a "market perform" rating on the stock in a research report on Tuesday, May 6th. Finally, Royal Bank of Canada lowered their price objective on NIKE from $66.00 to $65.00 and set a "sector perform" rating on the stock in a research report on Tuesday, May 20th. Seventeen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, NIKE currently has an average rating of "Moderate Buy" and a consensus target price of $80.26.

Insider Buying and Selling

In other news, Director Robert Holmes Swan acquired 8,600 shares of the company's stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average price of $58.46 per share, with a total value of $502,756.00. Following the completion of the purchase, the director now directly owns 31,983 shares in the company, valued at $1,869,726.18. This trade represents a 36.78% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by insiders.

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.