Vickerman Investment Advisors Inc. Buys 12,387 Shares of NIKE, Inc. (NYSE:NKE)

Vickerman Investment Advisors Inc. increased its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 46.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 38,826 shares of the footwear maker's stock after buying an additional 12,387 shares during the quarter. Vickerman Investment Advisors Inc.'s holdings in NIKE were worth $2,465,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Whelan Financial purchased a new position in shares of NIKE in the 1st quarter valued at $354,000. Bank of New York Mellon Corp lifted its stake in shares of NIKE by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 20,988,207 shares of the footwear maker's stock worth $1,332,331,000 after purchasing an additional 620,214 shares during the period. World Investment Advisors raised its holdings in NIKE by 12.4% in the first quarter. World Investment Advisors now owns 55,203 shares of the footwear maker's stock valued at $3,504,000 after buying an additional 6,078 shares during the period. Generali Investments CEE investicni spolecnost a.s. increased its stake in NIKE by 26.5% during the 1st quarter. Generali Investments CEE investicni spolecnost a.s. now owns 31,000 shares of the footwear maker's stock worth $1,968,000 after buying an additional 6,500 shares during the period. Finally, Wayfinding Financial LLC bought a new stake in NIKE in the first quarter valued at about $151,000. Hedge funds and other institutional investors own 64.25% of the company's stock.

NIKE Price Performance

NYSE:NKE traded up $0.18 during trading hours on Monday, hitting $76.57. The stock had a trading volume of 17,282,720 shares, compared to its average volume of 15,363,206. NIKE, Inc. has a one year low of $52.28 and a one year high of $90.62. The firm has a market capitalization of $113.26 billion, a price-to-earnings ratio of 35.45, 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 current ratio of 2.21 and a quick ratio of 1.50. The company has a 50 day simple moving average of $62.36 and a two-hundred day simple moving average of $67.35.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $10.69 billion. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The company's quarterly revenue was down 11.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.99 earnings per share. Research analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.09%. NIKE's dividend payout ratio is presently 74.07%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. China Renaissance started coverage on NIKE in a report on Wednesday, March 19th. They issued a "hold" rating for the company. Cfra Research upgraded shares of NIKE to a "moderate buy" rating in a research note on Friday, March 21st. Evercore ISI lowered their price target on shares of NIKE from $97.00 to $75.00 and set an "outperform" rating for the company in a report on Tuesday, June 24th. Jefferies Financial Group restated a "buy" rating on shares of NIKE in a research report on Friday, May 23rd. Finally, Truist Financial reduced their target price on shares of NIKE from $82.00 to $73.00 and set a "buy" rating for the company in a report on Tuesday, June 24th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $77.19.

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.