4,340 Shares in NIKE, Inc. (NYSE:NKE) Purchased by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. acquired a new stake in NIKE, Inc. (NYSE:NKE - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,340 shares of the footwear maker's stock, valued at approximately $328,000.

Several other large investors also recently modified their holdings of NKE. Heck Capital Advisors LLC acquired a new position in NIKE in the fourth quarter worth $28,000. Caitlin John LLC grew its stake in NIKE by 117.0% in the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock valued at $28,000 after acquiring an additional 200 shares during the period. Roxbury Financial LLC acquired a new position in NIKE in the fourth quarter valued at about $30,000. LFA Lugano Financial Advisors SA grew its stake 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 acquiring an additional 210 shares during the period. Finally, Hopwood Financial Services Inc. bought a new position in shares of NIKE during the fourth quarter worth about $30,000. 64.25% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Robert Holmes Swan purchased 8,600 shares of NIKE stock in a transaction dated Friday, April 4th. The stock was bought at an average cost 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 $1,869,726.18. This trade represents a 36.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company's stock.

NIKE Stock Up 3.7%

NYSE:NKE traded up $2.20 on Tuesday, hitting $62.22. The stock had a trading volume of 5,014,451 shares, compared to its average volume of 17,524,797. The business's fifty day moving average is $59.63 and its 200 day moving average is $70.00. The company has a market cap of $92.03 billion, a PE ratio of 19.20, 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. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $98.04.

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

NIKE Announces Dividend

The company 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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Monday, June 2nd. NIKE's dividend payout ratio is currently 53.16%.

Wall Street Analyst Weigh In

NKE has been the subject of several recent research reports. Dbs Bank raised NIKE from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Guggenheim reiterated a "buy" rating and set a $110.00 target price on shares of NIKE in a research note on Wednesday, February 12th. Robert W. Baird lowered their price objective on NIKE from $105.00 to $99.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Truist Financial decreased their price target on NIKE from $90.00 to $82.00 and set a "buy" rating on the stock in a research note on Friday, March 21st. Finally, The Goldman Sachs Group reduced their price objective on NIKE from $88.00 to $72.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Seventeen investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, NIKE currently has an average rating of "Moderate Buy" and an average price target of $80.26.

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.