Intrepid Capital Management Inc. Has $512,000 Position in NIKE, Inc. (NYSE:NKE)

Intrepid Capital Management Inc. boosted its holdings in shares of NIKE, Inc. (NYSE:NKE) by 87.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,760 shares of the footwear maker’s stock after buying an additional 3,159 shares during the period. Intrepid Capital Management Inc.’s holdings in NIKE were worth $512,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NKE. JNBA Financial Advisors lifted its position in NIKE by 1.3% in the 4th quarter. JNBA Financial Advisors now owns 10,045 shares of the footwear maker’s stock valued at $760,000 after acquiring an additional 131 shares in the last quarter. Frisch Financial Group Inc. boosted its position in shares of NIKE by 4.7% during the third quarter. Frisch Financial Group Inc. now owns 3,036 shares of the footwear maker’s stock valued at $269,000 after buying an additional 136 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in NIKE by 0.7% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 20,446 shares of the footwear maker’s stock worth $1,547,000 after buying an additional 136 shares in the last quarter. GAMMA Investing LLC raised its position in NIKE by 1.0% in the 4th quarter. GAMMA Investing LLC now owns 15,014 shares of the footwear maker’s stock valued at $1,136,000 after buying an additional 150 shares during the last quarter. Finally, Game Plan Financial Advisors LLC lifted its stake in NIKE by 11.1% during the 4th quarter. Game Plan Financial Advisors LLC now owns 1,500 shares of the footwear maker’s stock valued at $114,000 after acquiring an additional 150 shares in the last quarter. 64.25% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Chairman Mark G. Parker sold 169,732 shares of NIKE stock in a transaction on Friday, February 14th. The shares were sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the completion of the sale, the chairman now directly owns 896,632 shares of the company’s stock, valued at approximately $65,301,708.56. The trade was a 15.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

NIKE Stock Up 2.0 %

NKE opened at $64.78 on Wednesday. The firm has a market capitalization of $95.81 billion, a P/E ratio of 19.99, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. NIKE, Inc. has a one year low of $62.65 and a one year high of $98.04. The company has a fifty day moving average price of $73.84 and a 200-day moving average price of $76.72. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51.

NIKE (NYSE:NKE) last posted its earnings results on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, topping the consensus estimate of $0.28 by $0.26. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $11.02 billion. During the same period in the previous year, the business earned $0.98 earnings per share. The firm’s revenue was down 9.1% on a year-over-year basis. Equities research analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.60 annualized dividend and a yield of 2.47%. NIKE’s payout ratio is presently 53.16%.

Analysts Set New Price Targets

NKE has been the subject of several analyst reports. Piper Sandler upgraded shares of NIKE from a “neutral” rating to an “overweight” rating and increased their target price for the company from $72.00 to $90.00 in a report on Friday, January 10th. Dbs Bank raised shares of NIKE from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. BMO Capital Markets reduced their target price on NIKE from $95.00 to $92.00 and set an “outperform” rating for the company in a report on Friday, March 21st. China Renaissance started coverage on NIKE in a research report on Wednesday, March 19th. They set a “hold” rating for the company. Finally, Jefferies Financial Group raised NIKE from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $75.00 to $115.00 in a research report on Monday, February 24th. Fifteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $87.38.

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.