NIKE, Inc. (NYSE:NKE) Shares Acquired by GFS Advisors LLC

GFS Advisors LLC boosted its holdings in NIKE, Inc. (NYSE:NKE) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 171,931 shares of the footwear maker’s stock after buying an additional 9,618 shares during the quarter. NIKE accounts for about 2.0% of GFS Advisors LLC’s investment portfolio, making the stock its 15th largest position. GFS Advisors LLC’s holdings in NIKE were worth $13,010,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Cetera Investment Advisers increased its position in shares of NIKE by 6.8% in the second quarter. Cetera Investment Advisers now owns 230,215 shares of the footwear maker’s stock worth $17,351,000 after acquiring an additional 14,584 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in NIKE during the 2nd quarter worth approximately $11,390,000. Heritage Wealth Management Inc. purchased a new position in NIKE during the 2nd quarter worth approximately $207,000. Newbridge Financial Services Group Inc. raised its stake in NIKE by 27.1% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,238 shares of the footwear maker’s stock valued at $93,000 after purchasing an additional 264 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of NIKE by 625.4% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 76,900 shares of the footwear maker’s stock valued at $5,796,000 after purchasing an additional 66,299 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

NIKE Stock Down 1.9 %

NIKE stock opened at $76.82 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. NIKE, Inc. has a fifty-two week low of $70.32 and a fifty-two week high of $107.43. The firm has a fifty day moving average price of $75.61 and a two-hundred day moving average price of $77.95. The firm has a market cap of $113.62 billion, a price-to-earnings ratio of 23.71, a P/E/G ratio of 2.44 and a beta of 1.02.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.15. The business had revenue of $12.35 billion during the quarter, compared to analysts’ expectations of $12.11 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The firm’s revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 EPS. As a group, analysts forecast that NIKE, Inc. will post 2.09 earnings per share for the current year.

NIKE Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were paid a $0.40 dividend. This is an increase from NIKE’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, December 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.08%. NIKE’s dividend payout ratio (DPR) is presently 49.38%.

Insider Buying and Selling

In related news, Director John W. Rogers, Jr. purchased 2,500 shares of the firm’s stock in a transaction on Friday, December 27th. The shares were bought at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the transaction, the director now directly owns 34,403 shares of the company’s stock, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

NKE has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their price target on NIKE from $77.00 to $73.00 and set a “neutral” rating on the stock in a research report on Monday, December 2nd. Evercore ISI dropped their target price on NIKE from $105.00 to $97.00 and set an “outperform” rating on the stock in a report on Monday, December 16th. Robert W. Baird reduced their price target on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Monday, December 23rd. Stifel Nicolaus lowered their price objective on shares of NIKE from $79.00 to $75.00 and set a “hold” rating on the stock in a research report on Friday, December 20th. Finally, Piper Sandler upgraded shares of NIKE from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $72.00 to $90.00 in a research report on Friday, January 10th. Fourteen 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $89.96.

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.