OPTIMAS CAPITAL Ltd Acquires New Shares in NIKE, Inc. $NKE

OPTIMAS CAPITAL Ltd purchased a new stake in NIKE, Inc. (NYSE:NKE) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 22,900 shares of the footwear maker’s stock, valued at approximately $1,627,000. NIKE makes up 1.7% of OPTIMAS CAPITAL Ltd’s investment portfolio, making the stock its 17th biggest holding.

Several other institutional investors also recently bought and sold shares of NKE. Mitchell Mcleod Pugh & Williams Inc. raised its position in shares of NIKE by 1.0% in the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 14,176 shares of the footwear maker’s stock worth $1,007,000 after acquiring an additional 134 shares in the last quarter. Caldwell Sutter Capital Inc. lifted its position in shares of NIKE by 6.3% during the second quarter. Caldwell Sutter Capital Inc. now owns 2,390 shares of the footwear maker’s stock valued at $170,000 after buying an additional 142 shares during the last quarter. Salomon & Ludwin LLC grew its position in shares of NIKE by 10.1% in the 2nd quarter. Salomon & Ludwin LLC now owns 1,575 shares of the footwear maker’s stock worth $120,000 after buying an additional 145 shares during the last quarter. Westmount Partners LLC raised its stake in shares of NIKE by 2.9% during the 2nd quarter. Westmount Partners LLC now owns 5,165 shares of the footwear maker’s stock worth $367,000 after acquiring an additional 146 shares in the last quarter. Finally, HB Wealth Management LLC boosted its stake in NIKE by 0.3% in the second quarter. HB Wealth Management LLC now owns 52,012 shares of the footwear maker’s stock valued at $3,695,000 after acquiring an additional 147 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NIKE news, Chairman Mark G. Parker sold 86,078 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $64.80, for a total transaction of $5,577,854.40. Following the completion of the transaction, the chairman owned 647,615 shares of the company’s stock, valued at $41,965,452. This represents a 11.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Treasure Heinle sold 4,300 shares of NIKE stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $71.27, for a total value of $306,461.00. Following the completion of the sale, the executive vice president directly owned 29,396 shares in the company, valued at $2,095,052.92. This represents a 12.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NKE. Jefferies Financial Group reiterated a “buy” rating and set a $115.00 price objective on shares of NIKE in a report on Monday, September 29th. Cowen upgraded NIKE from a “hold” rating to a “buy” rating in a research note on Wednesday, September 10th. Zacks Research raised NIKE from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 26th. KeyCorp set a $90.00 price objective on shares of NIKE and gave the company an “overweight” rating in a report on Thursday, October 2nd. Finally, Truist Financial reiterated a “buy” rating and issued a $85.00 target price on shares of NIKE in a research note on Wednesday, October 1st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, NIKE currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.24.

NIKE Trading Up 1.2%

Shares of NIKE stock opened at $64.45 on Thursday. The company has a market cap of $95.27 billion, a P/E ratio of 33.05, a price-to-earnings-growth ratio of 2.41 and a beta of 1.29. The firm has a 50-day simple moving average of $66.80 and a two-hundred day simple moving average of $69.01. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 2.19. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $82.44.

NIKE (NYSE:NKE) last released its quarterly earnings results on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.22. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The firm had revenue of $11.72 billion for the quarter, compared to analysts’ expectations of $10.96 billion. During the same quarter last year, the company earned $0.70 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, equities analysts predict 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 will be paid on Friday, January 2nd. Investors of record on Monday, December 1st will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, December 1st. This is a positive change from NIKE’s previous quarterly dividend of $0.40. NIKE’s payout ratio is presently 84.10%.

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.