NIKE, Inc. (NYSE:NKE) Shares Bought by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC grew its position in NIKE, Inc. (NYSE:NKE) by 207.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 140,780 shares of the footwear maker’s stock after buying an additional 95,020 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in NIKE were worth $10,653,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Private Advisor Group LLC raised its position in NIKE by 9.8% during the fourth quarter. Private Advisor Group LLC now owns 82,672 shares of the footwear maker’s stock worth $6,256,000 after acquiring an additional 7,398 shares during the last quarter. Alberta Investment Management Corp increased its stake in shares of NIKE by 54.6% during the 4th quarter. Alberta Investment Management Corp now owns 285,627 shares of the footwear maker’s stock worth $21,613,000 after purchasing an additional 100,900 shares in the last quarter. Summit Place Financial Advisors LLC raised its position in shares of NIKE by 29.8% during the 4th quarter. Summit Place Financial Advisors LLC now owns 32,505 shares of the footwear maker’s stock worth $2,460,000 after purchasing an additional 7,465 shares during the last quarter. Vista Capital Partners Inc. lifted its stake in NIKE by 3.8% in the 4th quarter. Vista Capital Partners Inc. now owns 19,522 shares of the footwear maker’s stock valued at $1,477,000 after buying an additional 710 shares in the last quarter. Finally, Pegasus Asset Management Inc. grew its holdings in NIKE by 6.3% during the 4th quarter. Pegasus Asset Management Inc. now owns 29,762 shares of the footwear maker’s stock valued at $2,252,000 after buying an additional 1,752 shares during the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director John W. Rogers, Jr. acquired 2,500 shares of NIKE stock in a transaction on Friday, December 27th. The shares were purchased at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the purchase, the director now directly owns 34,403 shares of the company’s stock, valued at $2,636,989.95. The trade was a 7.84 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Mark G. Parker sold 169,732 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was 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 $65,301,708.56. The trade was a 15.92 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

NIKE Trading Down 1.0 %

NKE opened at $76.80 on Thursday. NIKE, Inc. has a 52-week low of $68.62 and a 52-week high of $106.62. The firm has a market capitalization of $113.60 billion, a P/E ratio of 23.70, a P/E/G ratio of 2.38 and a beta of 1.01. 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 firm’s 50 day moving average is $74.34 and its 200-day moving average is $78.06.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.15. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company had revenue of $12.35 billion during the quarter, compared to the consensus estimate of $12.11 billion. During the same period last year, the firm earned $1.03 earnings per share. The company’s revenue was down 7.7% on a year-over-year basis. Analysts expect that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Monday, March 3rd. NIKE’s payout ratio is 49.38%.

Analyst Ratings Changes

A number of research firms have recently weighed in on NKE. Piper Sandler raised NIKE from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $72.00 to $90.00 in a report on Friday, January 10th. DA Davidson upgraded shares of NIKE to a “strong-buy” rating in a report on Monday, December 23rd. Bank of America lowered their price target on shares of NIKE from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, December 20th. Barclays decreased their target price on shares of NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Finally, TD Cowen cut their price target on NIKE from $78.00 to $73.00 and set a “hold” rating for the company in a report on Monday, November 18th. Fifteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $88.62.

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.