NIKE, Inc. (NYSE:NKE) Stock Holdings Increased by McIlrath & Eck LLC

McIlrath & Eck LLC boosted its holdings in shares of NIKE, Inc. (NYSE:NKE) by 27.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,837 shares of the footwear maker’s stock after purchasing an additional 1,671 shares during the period. McIlrath & Eck LLC’s holdings in NIKE were worth $593,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Heck Capital Advisors LLC acquired a new stake in shares of NIKE during the fourth quarter worth $28,000. Caitlin John LLC increased its stake in NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 200 shares in the last quarter. Roxbury Financial LLC acquired a new stake in NIKE during the 4th quarter worth about $30,000. LFA Lugano Financial Advisors SA raised its holdings in NIKE by 110.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock worth $30,000 after buying an additional 210 shares during the period. Finally, Hopwood Financial Services Inc. purchased a new stake in NIKE during the fourth quarter valued at about $30,000. 64.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NIKE

In other NIKE news, Director Robert Holmes Swan purchased 8,600 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average price of $58.46 per share, with a total value of $502,756.00. Following the completion of the transaction, the director now directly owns 31,983 shares of the company’s stock, valued at approximately $1,869,726.18. This trade represents a 36.78% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on NKE. Cfra Research upgraded shares of NIKE to a “moderate buy” rating in a report on Friday, March 21st. Telsey Advisory Group cut their target price on shares of NIKE from $80.00 to $70.00 and set a “market perform” rating on the stock in a research note on Tuesday, May 6th. Truist Financial reduced their target price on NIKE from $90.00 to $82.00 and set a “buy” rating for the company in a report on Friday, March 21st. Royal Bank of Canada lowered their price target on NIKE from $66.00 to $65.00 and set a “sector perform” rating on the stock in a report on Tuesday. Finally, Bank of America reduced their price objective on NIKE from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Seventeen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, NIKE currently has an average rating of “Moderate Buy” and an average price target of $80.26.

NIKE Price Performance

NYSE:NKE opened at $62.49 on Wednesday. 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 one year low of $52.28 and a one year high of $98.04. The company has a fifty day moving average price of $60.63 and a 200 day moving average price of $70.49. The stock has a market cap of $92.43 billion, a P/E ratio of 19.29, a PEG ratio of 2.52 and a beta of 1.23.

NIKE (NYSE:NKE) last released its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.26. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The business had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $11.02 billion. During the same period last year, the business earned $0.98 earnings per share. The firm’s revenue for the quarter was down 9.1% compared to the same quarter last year. Analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.56%. NIKE’s dividend payout ratio is currently 53.16%.

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.