Cwm LLC Raises Stake in NIKE, Inc. (NYSE:NKE)

Cwm LLC increased its stake in shares of NIKE, Inc. (NYSE:NKEFree Report) by 3.8% during the first quarter, HoldingsChannel.com reports. The firm owned 41,705 shares of the footwear maker’s stock after buying an additional 1,517 shares during the period. Cwm LLC’s holdings in NIKE were worth $3,919,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Tiemann Investment Advisors LLC lifted its position in shares of NIKE by 3.1% in the third quarter. Tiemann Investment Advisors LLC now owns 3,340 shares of the footwear maker’s stock valued at $319,000 after acquiring an additional 100 shares in the last quarter. Piscataqua Savings Bank lifted its position in shares of NIKE by 2.1% in the fourth quarter. Piscataqua Savings Bank now owns 4,861 shares of the footwear maker’s stock valued at $528,000 after acquiring an additional 100 shares in the last quarter. Physicians Financial Services Inc. lifted its position in shares of NIKE by 0.6% in the fourth quarter. Physicians Financial Services Inc. now owns 16,077 shares of the footwear maker’s stock valued at $1,745,000 after acquiring an additional 100 shares in the last quarter. ZWJ Investment Counsel Inc. lifted its position in shares of NIKE by 4.0% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 2,599 shares of the footwear maker’s stock valued at $282,000 after acquiring an additional 100 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS lifted its position in shares of NIKE by 0.4% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 25,568 shares of the footwear maker’s stock valued at $2,776,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Stock Down 0.2 %

NIKE stock traded down $0.22 during mid-day trading on Wednesday, reaching $94.78. 6,712,037 shares of the company were exchanged, compared to its average volume of 8,025,083. The business has a fifty day moving average of $93.31 and a 200 day moving average of $100.21. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.89 and a current ratio of 2.74. The firm has a market cap of $143.06 billion, a P/E ratio of 27.88, a PEG ratio of 1.77 and a beta of 1.05. NIKE, Inc. has a 12-month low of $88.66 and a 12-month high of $123.39.

NIKE (NYSE:NKEGet Free Report) last issued its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, beating the consensus estimate of $0.69 by $0.29. NIKE had a return on equity of 39.41% and a net margin of 10.14%. The firm had revenue of $12.43 billion during the quarter, compared to analyst estimates of $12.28 billion. Research analysts anticipate that NIKE, Inc. will post 3.76 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.48 annualized dividend and a dividend yield of 1.56%. NIKE’s dividend payout ratio is presently 43.53%.

Insider Activity

In other news, VP Johanna Nielsen sold 282 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $93.64, for a total transaction of $26,406.48. Following the completion of the sale, the vice president now owns 730 shares in the company, valued at approximately $68,357.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, VP Johanna Nielsen sold 282 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $93.64, for a total transaction of $26,406.48. Following the completion of the sale, the vice president now owns 730 shares in the company, valued at approximately $68,357.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Monique S. Matheson sold 45,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $94.16, for a total value of $4,237,200.00. Following the completion of the transaction, the executive vice president now directly owns 44,997 shares in the company, valued at $4,236,917.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 213,660 shares of company stock worth $19,946,333. Insiders own 0.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on NKE. Barclays decreased their target price on NIKE from $142.00 to $114.00 and set an “overweight” rating on the stock in a research report on Monday, March 25th. Piper Sandler decreased their target price on NIKE from $107.00 to $98.00 and set a “neutral” rating on the stock in a research report on Friday, March 22nd. StockNews.com upgraded NIKE from a “hold” rating to a “buy” rating in a research report on Thursday, June 13th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $100.00 target price (down from $110.00) on shares of NIKE in a research report on Friday, March 22nd. Finally, Morgan Stanley decreased their target price on NIKE from $116.00 to $114.00 and set an “overweight” rating on the stock in a research report on Monday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, NIKE currently has a consensus rating of “Moderate Buy” and an average price target of $115.52.

Read Our Latest Stock Analysis on NIKE

NIKE Profile

(Free Report)

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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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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