D.B. Root & Company LLC Has $1.26 Million Stock Holdings in NIKE, Inc. (NYSE:NKE)

D.B. Root & Company LLC boosted its position in shares of NIKE, Inc. (NYSE:NKE) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,664 shares of the footwear maker’s stock after acquiring an additional 662 shares during the period. D.B. Root & Company LLC’s holdings in NIKE were worth $1,261,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Mutual Advisors LLC increased its position in shares of NIKE by 2.5% during the fourth quarter. Mutual Advisors LLC now owns 30,162 shares of the footwear maker’s stock valued at $2,145,000 after purchasing an additional 744 shares during the period. Lake Hills Wealth Management LLC boosted its stake in NIKE by 32.8% during the fourth quarter. Lake Hills Wealth Management LLC now owns 3,433 shares of the footwear maker’s stock worth $260,000 after buying an additional 847 shares in the last quarter. SG Americas Securities LLC increased its holdings in NIKE by 107.3% in the 4th quarter. SG Americas Securities LLC now owns 22,082 shares of the footwear maker’s stock valued at $1,671,000 after buying an additional 322,969 shares during the period. Evolution Wealth Advisors LLC raised its stake in shares of NIKE by 57.0% in the 4th quarter. Evolution Wealth Advisors LLC now owns 4,132 shares of the footwear maker’s stock valued at $313,000 after buying an additional 1,500 shares in the last quarter. Finally, Daymark Wealth Partners LLC raised its stake in shares of NIKE by 0.8% in the 4th quarter. Daymark Wealth Partners LLC now owns 110,855 shares of the footwear maker’s stock valued at $8,388,000 after buying an additional 929 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Trading Up 1.2 %

Shares of NKE opened at $74.07 on Thursday. The stock’s fifty day simple moving average is $75.54 and its 200-day simple moving average is $77.88. The firm has a market capitalization of $109.56 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 2.33 and a beta of 1.02. NIKE, Inc. has a 12-month low of $70.32 and a 12-month high of $107.43. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57.

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

NIKE Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were paid a $0.40 dividend. The ex-dividend date was Monday, December 2nd. This is a boost from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a yield of 2.16%. NIKE’s dividend payout ratio (DPR) is presently 49.38%.

Wall Street Analyst Weigh In

NKE has been the topic of a number of analyst reports. Telsey Advisory Group cut shares of NIKE from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $93.00 to $80.00 in a research note on Friday, December 20th. Jefferies Financial Group upped their price objective on NIKE from $80.00 to $85.00 and gave the company a “hold” rating in a research note on Monday, September 30th. JPMorgan Chase & Co. dropped their target price on NIKE from $77.00 to $73.00 and set a “neutral” rating for the company in a report on Monday, December 2nd. Bank of America decreased their price target on NIKE from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Finally, Truist Financial lowered their price target on NIKE from $97.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Fourteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.96.

Insiders Place Their Bets

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

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.