William Allan Corp Buys 5,141 Shares of NIKE, Inc. (NYSE:NKE)

William Allan Corp grew its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 9.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,304 shares of the footwear maker's stock after purchasing an additional 5,141 shares during the quarter. NIKE comprises about 2.3% of William Allan Corp's portfolio, making the stock its 17th biggest holding. William Allan Corp's holdings in NIKE were worth $3,638,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC boosted its stake in NIKE by 388.5% in the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker's stock valued at $15,316,000 after purchasing an additional 160,980 shares during the period. Bank Pictet & Cie Europe AG boosted its stake in NIKE by 10.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 190,915 shares of the footwear maker's stock valued at $14,447,000 after purchasing an additional 17,888 shares during the period. Hillsdale Investment Management Inc. boosted its stake in NIKE by 5.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 8,380 shares of the footwear maker's stock valued at $634,000 after purchasing an additional 400 shares during the period. KLP Kapitalforvaltning AS bought a new stake in NIKE in the 4th quarter valued at $35,560,000. Finally, Guardian Partners Inc. bought a new stake in NIKE in the 4th quarter valued at $5,250,000. Institutional investors and hedge funds own 64.25% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on NKE. Truist Financial lowered their price target on NIKE from $82.00 to $73.00 and set a "buy" rating for the company in a report on Tuesday, June 24th. Argus raised NIKE to a "buy" rating in a report on Sunday, July 6th. Jefferies Financial Group reissued a "buy" rating on shares of NIKE in a report on Friday, May 23rd. Hsbc Global Res raised NIKE from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Finally, Wall Street Zen cut NIKE from a "hold" rating to a "sell" rating in a report on Friday, June 27th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, NIKE has a consensus rating of "Moderate Buy" and a consensus target price of $77.15.

NIKE Stock Performance

Shares of NKE traded up $1.40 during mid-day trading on Tuesday, hitting $75.42. The stock had a trading volume of 11,289,739 shares, compared to its average volume of 15,085,534. The firm has a market cap of $111.55 billion, a P/E ratio of 34.92, a PEG ratio of 2.66 and a beta of 1.25. The business has a fifty day moving average price of $65.49 and a 200-day moving average price of $67.17. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 1.50. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $90.62.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $10.69 billion. During the same period in the previous year, the company posted $0.99 EPS. The firm's revenue for the quarter was down 11.9% compared to the same quarter last year. On average, equities research analysts expect that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd were paid a $0.40 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.12%. NIKE's dividend payout ratio is currently 74.07%.

Insiders Place Their Bets

In other news, Chairman Mark G. Parker sold 110,000 shares of the company's stock in a transaction dated 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 completion of the transaction, the chairman directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by corporate insiders.

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.