YHB Investment Advisors Inc. Has $1.77 Million Stock Position in NIKE, Inc. (NYSE:NKE)

YHB Investment Advisors Inc. lowered its holdings in NIKE, Inc. (NYSE:NKE) by 24.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,878 shares of the footwear maker’s stock after selling 9,080 shares during the quarter. YHB Investment Advisors Inc.’s holdings in NIKE were worth $1,770,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Elgethun Capital Management grew its holdings in NIKE by 13.7% in the 4th quarter. Elgethun Capital Management now owns 1,236 shares of the footwear maker’s stock valued at $94,000 after buying an additional 149 shares during the last quarter. AlTi Global Inc. grew its holdings in NIKE by 0.4% in the 4th quarter. AlTi Global Inc. now owns 36,996 shares of the footwear maker’s stock valued at $2,813,000 after buying an additional 150 shares during the last quarter. Staley Capital Advisers Inc. grew its holdings in NIKE by 4.4% in the 4th quarter. Staley Capital Advisers Inc. now owns 3,773 shares of the footwear maker’s stock valued at $286,000 after buying an additional 160 shares during the last quarter. Cohen & Steers Inc. grew its holdings in NIKE by 5.3% in the 4th quarter. Cohen & Steers Inc. now owns 3,171 shares of the footwear maker’s stock valued at $240,000 after buying an additional 160 shares during the last quarter. Finally, Nwam LLC grew its holdings in shares of NIKE by 2.9% during the 4th quarter. Nwam LLC now owns 6,318 shares of the footwear maker’s stock worth $478,000 after purchasing an additional 176 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Stock Up 1.7%

Shares of NIKE stock opened at $60.81 on Tuesday. The company has a quick ratio of 1.52, a current ratio of 2.19 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $98.04. The business has a fifty day simple moving average of $59.89 and a 200 day simple moving average of $67.82. The stock has a market cap of $89.95 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 2.11 and a beta of 1.21.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.63%. NIKE’s dividend payout ratio (DPR) is presently 53.16%.

Insider Buying and Selling

In related news, Director Robert Holmes Swan acquired 8,600 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average cost of $58.46 per share, with a total value of $502,756.00. Following the completion of the purchase, the director now directly owns 31,983 shares in the company, valued at approximately $1,869,726.18. This trade represents a 36.78% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Bank of America decreased their price objective on NIKE from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Barclays decreased their price objective on NIKE from $60.00 to $53.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 18th. Berenberg Bank assumed coverage on NIKE in a report on Tuesday, April 15th. They set a “hold” rating and a $58.00 price objective on the stock. Truist Financial decreased their price objective on NIKE from $90.00 to $82.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Finally, Jefferies Financial Group restated a “buy” rating on shares of NIKE in a research report on Friday, May 23rd. Sixteen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.74.

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.