Cobblestone Capital Advisors LLC NY Has $858,000 Stake in NIKE, Inc. (NYSE:NKE)

Cobblestone Capital Advisors LLC NY lowered its stake in shares of NIKE, Inc. (NYSE:NKE) by 13.5% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 13,512 shares of the footwear maker’s stock after selling 2,114 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in NIKE were worth $858,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of NIKE by 388.5% during the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock worth $15,316,000 after buying an additional 160,980 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its position in shares of NIKE by 10.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 190,915 shares of the footwear maker’s stock worth $14,447,000 after buying an additional 17,888 shares in the last quarter. Covestor Ltd lifted its position in shares of NIKE by 21.5% during the 4th quarter. Covestor Ltd now owns 1,382 shares of the footwear maker’s stock worth $105,000 after buying an additional 245 shares in the last quarter. Jaffetilchin Investment Partners LLC lifted its position in shares of NIKE by 191.6% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 5,178 shares of the footwear maker’s stock worth $392,000 after buying an additional 3,402 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of NIKE by 2.1% during the 4th quarter. Rockefeller Capital Management L.P. now owns 520,734 shares of the footwear maker’s stock worth $39,419,000 after buying an additional 10,903 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Stock Down 0.2%

Shares of NYSE:NKE opened at $74.17 on Monday. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $90.62. The firm has a fifty day moving average of $69.70 and a 200 day moving average of $67.55. The firm has a market capitalization of $109.54 billion, a PE ratio of 34.34, a price-to-earnings-growth ratio of 2.70 and a beta of 1.27. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.50 and a current ratio of 2.21.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, June 26th. The footwear maker reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The company had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.69 billion. During the same period in the previous year, the business earned $0.99 earnings per share. The firm’s quarterly revenue was down 11.9% compared to the same quarter last year. As a group, research analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd will be given a $0.40 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $1.60 annualized dividend and a yield of 2.2%. NIKE’s payout ratio is 74.07%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on NKE shares. Robert W. Baird lifted their price target on shares of NIKE from $80.00 to $88.00 and gave the stock an “outperform” rating in a report on Friday, June 27th. Needham & Company LLC lifted their price target on shares of NIKE from $66.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, June 27th. Royal Bank Of Canada lowered their price target on shares of NIKE from $66.00 to $65.00 and set a “sector perform” rating on the stock in a report on Tuesday, May 20th. Piper Sandler lifted their price target on shares of NIKE from $70.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, June 27th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of NIKE in a report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, NIKE currently has an average rating of “Moderate Buy” and an average price target of $78.22.

Insider Transactions at NIKE

In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of the business’s stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $72.29, for a total value of $7,951,900.00. Following the completion of the sale, the chairman directly owned 842,361 shares of the company’s stock, valued at $60,894,276.69. The trade was a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.80% of the company’s stock.

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.