NIKE, Inc. (NYSE:NKE) Shares Acquired by Waverly Advisors LLC

Waverly Advisors LLC raised its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 53.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 19,591 shares of the footwear maker's stock after acquiring an additional 6,810 shares during the period. Waverly Advisors LLC's holdings in NIKE were worth $1,482,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Heck Capital Advisors LLC acquired a new stake in NIKE in the 4th quarter worth about $28,000. Caitlin John LLC lifted its holdings in shares of NIKE by 117.0% during the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock worth $28,000 after acquiring an additional 200 shares during the period. Roxbury Financial LLC acquired a new stake in shares of NIKE in the fourth quarter worth approximately $30,000. LFA Lugano Financial Advisors SA grew its holdings in NIKE by 110.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock valued at $30,000 after purchasing an additional 210 shares during the period. Finally, Hopwood Financial Services Inc. acquired a new position in NIKE during the fourth quarter worth approximately $30,000. Hedge funds and other institutional investors own 64.25% of the company's stock.

NIKE Stock Up 4.2%

Shares of NKE traded up $2.49 during trading on Tuesday, reaching $62.51. The company's stock had a trading volume of 10,293,254 shares, compared to its average volume of 14,957,236. The company has a market cap of $92.46 billion, a price-to-earnings ratio of 19.29, a P/E/G ratio of 2.52 and a beta of 1.23. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The company has a fifty day moving average of $59.63 and a two-hundred day moving average of $70.00. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $98.04.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 9.98% and a return on equity of 36.99%. The firm's quarterly revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 earnings per share. On average, sell-side analysts predict that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.56%. The ex-dividend date is Monday, June 2nd. NIKE's dividend payout ratio (DPR) is presently 53.16%.

Insiders Place Their Bets

In other NIKE news, Director Robert Holmes Swan purchased 8,600 shares of NIKE stock in a transaction dated Friday, April 4th. The shares were bought at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the transaction, the director now owns 31,983 shares in the company, valued at $1,869,726.18. This represents a 36.78% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

NKE has been the topic of a number of research analyst reports. Berenberg Bank began coverage on shares of NIKE in a report on Tuesday, April 15th. They issued a "hold" rating and a $58.00 price target on the stock. BMO Capital Markets cut their target price on 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 target on NIKE from $90.00 to $82.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Stifel Nicolaus cut their price objective on NIKE from $75.00 to $64.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Finally, Barclays reduced their price objective on NIKE from $70.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Monday, May 12th. Seventeen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $80.26.

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.