Quilter Plc Increases Holdings in NIKE, Inc. (NYSE:NKE)

Quilter Plc increased its holdings in shares of NIKE, Inc. (NYSE:NKE) by 10.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 389,224 shares of the footwear maker’s stock after purchasing an additional 35,277 shares during the quarter. Quilter Plc’s holdings in NIKE were worth $29,336,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 9258 Wealth Management LLC boosted its stake in NIKE by 23.9% during the fourth quarter. 9258 Wealth Management LLC now owns 4,366 shares of the footwear maker’s stock valued at $474,000 after buying an additional 842 shares during the last quarter. Gryphon Financial Partners LLC boosted its position in shares of NIKE by 34.6% during the 4th quarter. Gryphon Financial Partners LLC now owns 11,598 shares of the footwear maker’s stock valued at $1,259,000 after acquiring an additional 2,981 shares during the last quarter. TrinityPoint Wealth LLC increased its position in NIKE by 0.8% in the fourth quarter. TrinityPoint Wealth LLC now owns 21,561 shares of the footwear maker’s stock worth $2,341,000 after purchasing an additional 166 shares during the last quarter. MainStreet Investment Advisors LLC raised its stake in NIKE by 8.1% during the fourth quarter. MainStreet Investment Advisors LLC now owns 6,535 shares of the footwear maker’s stock valued at $710,000 after purchasing an additional 488 shares in the last quarter. Finally, PineStone Asset Management Inc. grew its stake in shares of NIKE by 14.3% in the 4th quarter. PineStone Asset Management Inc. now owns 1,968,436 shares of the footwear maker’s stock worth $213,713,000 after buying an additional 246,404 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

Insider Activity

In related news, Director Robert Holmes Swan bought 2,941 shares of the stock in a transaction that occurred on Friday, June 28th. The stock was bought at an average cost of $77.02 per share, for a total transaction of $226,515.82. Following the purchase, the director now directly owns 20,946 shares of the company’s stock, valued at $1,613,260.92. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Robert Holmes Swan bought 2,941 shares of NIKE stock in a transaction that occurred on Friday, June 28th. The stock was bought at an average price of $77.02 per share, for a total transaction of $226,515.82. Following the purchase, the director now directly owns 20,946 shares of the company’s stock, valued at approximately $1,613,260.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Mark G. Parker sold 52,487 shares of the business’s stock in a transaction dated 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 owns 1,031,226 shares in the company, valued at approximately $80,435,628. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

NIKE Price Performance

Shares of NKE opened at $79.01 on Monday. The company has a 50 day moving average of $77.23 and a two-hundred day moving average of $87.64. The company has a market cap of $118.46 billion, a price-to-earnings ratio of 21.18, a price-to-earnings-growth ratio of 2.08 and a beta of 1.02. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.55. NIKE, Inc. has a twelve month low of $70.75 and a twelve month high of $123.39.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, June 27th. The footwear maker reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.16. NIKE had a return on equity of 42.63% and a net margin of 11.10%. The firm had revenue of $12.60 billion during the quarter, compared to analysts’ expectations of $12.86 billion. During the same quarter last year, the firm earned $0.66 EPS. The business’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, analysts predict that NIKE, Inc. will post 3.06 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $1.48 annualized dividend and a dividend yield of 1.87%. NIKE’s dividend payout ratio (DPR) is currently 39.68%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NKE. Telsey Advisory Group decreased their price objective on NIKE from $115.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, June 28th. Truist Financial cut their price target on shares of NIKE from $99.00 to $81.00 and set a “hold” rating on the stock in a report on Friday, June 28th. Oppenheimer reissued an “outperform” rating and issued a $120.00 price objective on shares of NIKE in a research note on Friday, June 28th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $79.00 price objective (down previously from $114.00) on shares of NIKE in a research report on Friday, June 28th. Finally, The Goldman Sachs Group lowered their price objective on shares of NIKE from $118.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, June 28th. Fifteen equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, NIKE currently has a consensus rating of “Moderate Buy” and an average target price of $95.59.

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.