Fourth Dimension Wealth LLC Invests $152,000 in NIKE, Inc. (NYSE:NKE)

Fourth Dimension Wealth LLC purchased a new position in NIKE, Inc. (NYSE:NKE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,014 shares of the footwear maker’s stock, valued at approximately $152,000.

A number of other large investors also recently modified their holdings of NKE. Heck Capital Advisors LLC bought a new position in shares of NIKE in the 4th quarter worth about $28,000. Caitlin John LLC lifted its position in NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. Roxbury Financial LLC bought a new stake in NIKE in the 4th quarter valued at about $30,000. LFA Lugano Financial Advisors SA lifted its position in NIKE by 110.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock valued at $30,000 after purchasing an additional 210 shares during the last quarter. Finally, Hopwood Financial Services Inc. bought a new stake in NIKE in the 4th quarter valued at about $30,000. 64.25% of the stock is currently owned by institutional investors.

NIKE Stock Performance

Shares of NKE opened at $60.02 on Friday. The firm’s 50 day moving average is $59.88 and its 200-day moving average is $70.18. The stock has a market capitalization of $88.78 billion, a P/E ratio of 18.52, a P/E/G ratio of 2.52 and a beta of 1.23. 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 12-month low of $52.28 and a 12-month high of $98.04.

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

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be given a $0.40 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.67%. NIKE’s dividend payout ratio (DPR) is presently 53.16%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NKE. Wells Fargo & Company lifted their price objective on shares of NIKE from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 14th. Citigroup cut their price objective on shares of NIKE from $72.00 to $57.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. Guggenheim reiterated a “buy” rating and issued a $110.00 price objective on shares of NIKE in a research report on Wednesday, February 12th. Dbs Bank upgraded shares of NIKE from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Finally, Piper Sandler lowered their target price on shares of NIKE from $90.00 to $70.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Seventeen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, NIKE has an average rating of “Moderate Buy” and an average price target of $80.26.

Insider Activity at NIKE

In other news, Director Robert Holmes Swan purchased 8,600 shares of NIKE stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the transaction, the director now owns 31,983 shares in the company, valued at $1,869,726.18. The trade was a 36.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is owned by insiders.

NIKE Company 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.