DLK Investment Management LLC Has $3.51 Million Stock Position in NIKE, Inc. (NYSE:NKE)

DLK Investment Management LLC grew its holdings in NIKE, Inc. (NYSE:NKE) by 14.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,334 shares of the footwear maker’s stock after acquiring an additional 7,172 shares during the quarter. DLK Investment Management LLC’s holdings in NIKE were worth $3,513,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NKE. Elgethun Capital Management lifted its position in NIKE by 13.7% in the 4th quarter. Elgethun Capital Management now owns 1,236 shares of the footwear maker’s stock worth $94,000 after buying an additional 149 shares during the last quarter. AlTi Global Inc. grew its position in NIKE by 0.4% during the fourth quarter. AlTi Global Inc. now owns 36,996 shares of the footwear maker’s stock valued at $2,813,000 after acquiring an additional 150 shares during the last quarter. Staley Capital Advisers Inc. raised its stake in shares of NIKE by 4.4% during the fourth quarter. Staley Capital Advisers Inc. now owns 3,773 shares of the footwear maker’s stock worth $286,000 after acquiring an additional 160 shares in the last quarter. Cohen & Steers Inc. lifted its holdings in shares of NIKE by 5.3% in the 4th quarter. Cohen & Steers Inc. now owns 3,171 shares of the footwear maker’s stock worth $240,000 after acquiring an additional 160 shares during the last quarter. Finally, Nwam LLC boosted its stake in shares of NIKE by 2.9% in the 4th quarter. Nwam LLC now owns 6,318 shares of the footwear maker’s stock valued at $478,000 after purchasing an additional 176 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NKE has been the topic of a number of analyst reports. UBS Group decreased their target price on shares of NIKE from $73.00 to $66.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Evercore ISI decreased their price objective on NIKE from $97.00 to $75.00 and set an “outperform” rating on the stock in a report on Tuesday. Deutsche Bank Aktiengesellschaft dropped their target price on NIKE from $77.00 to $71.00 and set a “buy” rating for the company in a report on Friday, June 20th. Robert W. Baird cut their target price on shares of NIKE from $105.00 to $99.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. Finally, Needham & Company LLC dropped their price target on shares of NIKE from $75.00 to $66.00 and set a “buy” rating for the company in a research report on Wednesday, June 18th. Sixteen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $77.59.

Insider Transactions at NIKE

In related news, Director Robert Holmes Swan bought 8,600 shares of the stock in a transaction on Friday, April 4th. The shares were acquired at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the purchase, the director now owns 31,983 shares of the company’s stock, valued at approximately $1,869,726.18. The trade was a 36.78% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

NIKE Trading Down 0.9%

NIKE stock opened at $60.84 on Thursday. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $94.74. The business’s fifty day simple moving average is $60.17 and its two-hundred day simple moving average is $67.73. The company has a market capitalization of $89.99 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 2.21 and a beta of 1.21. The company has a current ratio of 2.19, a quick ratio of 1.52 and a debt-to-equity ratio of 0.57.

NIKE Announces Dividend

The firm also recently disclosed 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 of this dividend is Monday, June 2nd. This represents a $1.60 annualized dividend and a yield of 2.63%. NIKE’s dividend payout ratio (DPR) is presently 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.