NIKE, Inc. (NYSE:NKE) Shares Acquired by Clarius Group LLC

Clarius Group LLC grew its stake in shares of NIKE, Inc. (NYSE:NKE) by 6.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,054 shares of the footwear maker’s stock after acquiring an additional 457 shares during the quarter. Clarius Group LLC’s holdings in NIKE were worth $609,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aaron Wealth Advisors LLC grew its holdings in shares of NIKE by 12.4% during the fourth quarter. Aaron Wealth Advisors LLC now owns 4,474 shares of the footwear maker’s stock valued at $339,000 after buying an additional 492 shares during the last quarter. Moss Adams Wealth Advisors LLC lifted its position in NIKE by 14.2% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 5,180 shares of the footwear maker’s stock worth $394,000 after acquiring an additional 645 shares during the period. Premier Path Wealth Partners LLC grew its stake in NIKE by 5.8% during the 4th quarter. Premier Path Wealth Partners LLC now owns 21,738 shares of the footwear maker’s stock valued at $1,645,000 after purchasing an additional 1,201 shares during the last quarter. Sanibel Captiva Trust Company Inc. increased its holdings in shares of NIKE by 5.7% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 150,864 shares of the footwear maker’s stock valued at $11,416,000 after purchasing an additional 8,102 shares during the period. Finally, Alhambra Investment Management LLC raised its stake in shares of NIKE by 63.4% in the fourth quarter. Alhambra Investment Management LLC now owns 4,852 shares of the footwear maker’s stock worth $367,000 after purchasing an additional 1,882 shares during the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Stifel Nicolaus cut their price target on shares of NIKE from $79.00 to $75.00 and set a “hold” rating on the stock in a report on Friday, December 20th. DA Davidson upgraded shares of NIKE to a “strong-buy” rating in a research note on Monday, December 23rd. Evercore ISI decreased their target price on shares of NIKE from $105.00 to $97.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. Royal Bank of Canada cut their price target on NIKE from $82.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 7th. Finally, Piper Sandler raised NIKE from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $72.00 to $90.00 in a report on Friday, January 10th. Fourteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $89.96.

Insiders Place Their Bets

In other news, Director John W. Rogers, Jr. purchased 2,500 shares of the company’s stock in a transaction dated Friday, December 27th. The stock was acquired at an average price of $76.65 per share, with a total value of $191,625.00. Following the purchase, the director now directly owns 34,403 shares in the company, valued at approximately $2,636,989.95. This represents a 7.84 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

NIKE Price Performance

Shares of NYSE NKE opened at $70.89 on Monday. The firm has a 50-day simple moving average of $75.77 and a 200-day simple moving average of $77.94. 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 stock has a market capitalization of $104.85 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02. NIKE, Inc. has a 52 week low of $70.32 and a 52 week high of $107.43.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.15. The company had revenue of $12.35 billion during the quarter, compared to the consensus estimate of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. NIKE’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 EPS. On average, equities analysts predict that NIKE, Inc. will post 2.1 earnings per share for the current fiscal year.

NIKE Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were issued a $0.40 dividend. This is a boost from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a yield of 2.26%. The ex-dividend date was Monday, December 2nd. NIKE’s dividend payout ratio is presently 49.38%.

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.