NIKE, Inc. (NYSE:NKE) Shares Bought by Y.D. More Investments Ltd

Y.D. More Investments Ltd boosted its holdings in NIKE, Inc. (NYSE:NKE) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,300 shares of the footwear maker’s stock after purchasing an additional 300 shares during the period. Y.D. More Investments Ltd’s holdings in NIKE were worth $552,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Mather Group LLC. grew its position in shares of NIKE by 14.4% during the fourth quarter. Mather Group LLC. now owns 30,012 shares of the footwear maker’s stock worth $2,271,000 after buying an additional 3,782 shares in the last quarter. Commonwealth Financial Services LLC acquired a new position in NIKE during the 4th quarter worth $208,000. Tempus Wealth Planning LLC raised its stake in shares of NIKE by 19.2% in the 4th quarter. Tempus Wealth Planning LLC now owns 5,834 shares of the footwear maker’s stock valued at $441,000 after purchasing an additional 940 shares in the last quarter. Calamos Advisors LLC lifted its position in shares of NIKE by 30.9% during the fourth quarter. Calamos Advisors LLC now owns 349,898 shares of the footwear maker’s stock worth $26,477,000 after purchasing an additional 82,500 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT grew its stake in NIKE by 19.0% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 9,147 shares of the footwear maker’s stock worth $692,000 after purchasing an additional 1,459 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Stock Up 0.3 %

NKE stock opened at $76.79 on Wednesday. The firm has a market cap of $113.57 billion, a PE ratio of 23.70, a P/E/G ratio of 2.50 and a beta of 1.01. NIKE, Inc. has a 12 month low of $70.32 and a 12 month high of $107.43. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The firm has a 50 day simple moving average of $75.54 and a 200 day simple moving average of $78.09.

NIKE (NYSE:NKE) last released 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. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business had revenue of $12.35 billion during the quarter, compared to analyst estimates of $12.11 billion. During the same period last year, the company posted $1.03 EPS. The company’s revenue was down 7.7% compared to the same quarter last year. Equities research analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, December 2nd. This is a positive change from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a yield of 2.08%. NIKE’s dividend payout ratio is currently 49.38%.

Insiders Place Their Bets

In other news, Director John W. Rogers, Jr. purchased 2,500 shares of NIKE stock in a transaction that occurred on Friday, December 27th. The stock was acquired at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the transaction, the director now owns 34,403 shares in the company, valued at $2,636,989.95. The trade was a 7.84 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on NKE shares. DA Davidson upgraded NIKE to a “strong-buy” rating in a research note on Monday, December 23rd. Bank of America reduced their price objective on NIKE from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Robert W. Baird dropped their target price on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a report on Monday, December 23rd. Evercore ISI lowered their price objective 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. Finally, Piper Sandler raised shares of NIKE from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $72.00 to $90.00 in a report on Friday, January 10th. Fourteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.77.

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.