NIKE, Inc. (NYSE:NKE) Shares Purchased by FLC Capital Advisors

FLC Capital Advisors increased its position in shares of NIKE, Inc. (NYSE:NKE) by 15.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,918 shares of the footwear maker’s stock after acquiring an additional 525 shares during the quarter. FLC Capital Advisors’ holdings in NIKE were worth $346,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of NKE. Annapolis Financial Services LLC boosted its position in NIKE by 440.0% during the first quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker’s stock worth $25,000 after acquiring an additional 220 shares during the last quarter. Transcendent Capital Group LLC boosted its position in NIKE by 97.6% during the first quarter. Transcendent Capital Group LLC now owns 405 shares of the footwear maker’s stock worth $38,000 after acquiring an additional 200 shares during the last quarter. VitalStone Financial LLC boosted its position in NIKE by 52.6% during the third quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock worth $38,000 after acquiring an additional 150 shares during the last quarter. Bruce G. Allen Investments LLC boosted its position in NIKE by 272.5% during the second quarter. Bruce G. Allen Investments LLC now owns 514 shares of the footwear maker’s stock worth $39,000 after acquiring an additional 376 shares during the last quarter. Finally, Scarborough Advisors LLC purchased a new position in NIKE during the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Trading Up 2.2 %

NIKE stock opened at $83.94 on Thursday. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.57. The firm has a 50-day moving average price of $82.28 and a two-hundred day moving average price of $85.40. The firm has a market capitalization of $126.70 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 1.96 and a beta of 1.02. NIKE, Inc. has a 52-week low of $70.75 and a 52-week high of $123.39.

NIKE (NYSE:NKE) last released its quarterly earnings results on Tuesday, October 1st. The footwear maker reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.18. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The company had revenue of $11.59 billion for the quarter, compared to the consensus estimate of $11.64 billion. During the same period in the previous year, the firm earned $0.94 EPS. NIKE’s revenue was down 10.4% on a year-over-year basis. Sell-side analysts expect that NIKE, Inc. will post 2.8 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd were issued a $0.37 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.76%. NIKE’s payout ratio is currently 39.68%.

Insider Buying and Selling

In related news, Chairman Mark G. Parker sold 52,487 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $78.00, for a total value of $4,093,986.00. Following the sale, the chairman now directly owns 1,031,226 shares in the company, valued at $80,435,628. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Evercore ISI cut their price target on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 2nd. Raymond James reissued a “market perform” rating on shares of NIKE in a research note on Friday, June 28th. Jefferies Financial Group raised their target price on shares of NIKE from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Monday, September 30th. HSBC cut their target price on shares of NIKE from $100.00 to $90.00 and set a “hold” rating on the stock in a research note on Friday, June 28th. Finally, Truist Financial raised shares of NIKE from a “hold” rating to a “buy” rating and lifted their price target for the stock from $83.00 to $97.00 in a research note on Thursday, October 10th. Fourteen equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $96.56.

About NIKE

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.