Team Hewins LLC Takes $1.09 Million Position in NIKE, Inc. (NYSE:NKE)

Team Hewins LLC acquired a new position in NIKE, Inc. (NYSE:NKE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,964 shares of the footwear maker's stock, valued at approximately $1,085,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oxford Asset Management LLP acquired a new position in shares of NIKE in the 4th quarter worth $440,000. Cypress Asset Management Inc. TX acquired a new stake in NIKE during the 4th quarter valued at $1,901,000. SageView Advisory Group LLC grew its holdings in shares of NIKE by 192.9% during the fourth quarter. SageView Advisory Group LLC now owns 9,496 shares of the footwear maker's stock valued at $989,000 after buying an additional 6,254 shares in the last quarter. Cassady Schiller Wealth Management LLC grew its stake in NIKE by 153.3% during the 4th quarter. Cassady Schiller Wealth Management LLC now owns 732 shares of the footwear maker's stock valued at $79,000 after acquiring an additional 443 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in NIKE by 6.5% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 126,803 shares of the footwear maker's stock valued at $13,767,000 after purchasing an additional 7,769 shares in the last quarter. Institutional investors own 64.25% of the company's stock.

NIKE Stock Performance

Shares of NKE traded down $1.11 during mid-day trading on Thursday, hitting $91.40. The stock had a trading volume of 7,727,896 shares, compared to its average volume of 9,240,128. NIKE, Inc. has a 52 week low of $88.66 and a 52 week high of $123.39. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89. The business has a fifty day moving average price of $93.49 and a 200-day moving average price of $102.11. The firm has a market cap of $137.95 billion, a P/E ratio of 27.08, a PEG ratio of 1.79 and a beta of 1.07.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.29. The business had revenue of $12.43 billion during the quarter, compared to analyst estimates of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. On average, equities research analysts expect that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.62%. NIKE's dividend payout ratio (DPR) is presently 43.53%.

Analyst Ratings Changes

A number of research firms have recently weighed in on NKE. Wells Fargo & Company dropped their price target on shares of NIKE from $125.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday, March 22nd. Evercore ISI lowered their price target on NIKE from $127.00 to $117.00 and set an "outperform" rating for the company in a research note on Friday, March 22nd. Sanford C. Bernstein dropped their price objective on NIKE from $134.00 to $120.00 and set an "outperform" rating on the stock in a report on Friday, March 22nd. Wedbush reiterated an "outperform" rating and issued a $115.00 target price on shares of NIKE in a research note on Tuesday, April 30th. Finally, Piper Sandler dropped their price target on shares of NIKE from $107.00 to $98.00 and set a "neutral" rating on the stock in a research note on Friday, March 22nd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-one have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $116.26.

Insider Transactions at NIKE

In other news, Chairman Mark G. Parker sold 168,378 shares of NIKE stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $93.14, for a total transaction of $15,682,726.92. Following the completion of the sale, the chairman now directly owns 1,102,090 shares of the company's stock, valued at approximately $102,648,662.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Monique S. Matheson sold 45,000 shares of the firm's stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $94.16, for a total transaction of $4,237,200.00. Following the transaction, the executive vice president now directly owns 44,997 shares of the company's stock, valued at $4,236,917.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Mark G. Parker sold 168,378 shares of NIKE stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $93.14, for a total value of $15,682,726.92. Following the completion of the transaction, the chairman now owns 1,102,090 shares in the company, valued at approximately $102,648,662.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 213,660 shares of company stock valued at $19,946,333. 0.50% of the stock is owned by corporate 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.

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