EntryPoint Capital LLC Acquires 806 Shares of NIKE, Inc. $NKE

EntryPoint Capital LLC boosted its position in NIKE, Inc. (NYSE:NKE) by 24.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,049 shares of the footwear maker’s stock after acquiring an additional 806 shares during the period. EntryPoint Capital LLC’s holdings in NIKE were worth $257,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Banco Bilbao Vizcaya Argentaria S.A. raised its stake in NIKE by 78.5% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 588,264 shares of the footwear maker’s stock valued at $37,229,000 after acquiring an additional 258,794 shares during the period. Legacy Financial Advisors Inc. raised its stake in NIKE by 5.1% in the 1st quarter. Legacy Financial Advisors Inc. now owns 15,008 shares of the footwear maker’s stock valued at $953,000 after acquiring an additional 729 shares during the period. Texas Capital Bancshares Inc TX raised its stake in NIKE by 5.4% in the 1st quarter. Texas Capital Bancshares Inc TX now owns 8,760 shares of the footwear maker’s stock valued at $556,000 after acquiring an additional 448 shares during the period. Texas Capital Bank Wealth Management Services Inc boosted its holdings in shares of NIKE by 28.4% in the first quarter. Texas Capital Bank Wealth Management Services Inc now owns 104,192 shares of the footwear maker’s stock worth $6,614,000 after acquiring an additional 23,072 shares during the period. Finally, Colonial Trust Advisors boosted its holdings in shares of NIKE by 6.3% in the first quarter. Colonial Trust Advisors now owns 112,958 shares of the footwear maker’s stock worth $7,171,000 after acquiring an additional 6,691 shares during the period. 64.25% of the stock is currently owned by institutional investors.

Insider Activity at NIKE

In other news, Chairman Mark G. Parker sold 110,000 shares of the business’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total transaction of $7,951,900.00. Following the completion of the transaction, the chairman owned 842,361 shares of the company’s stock, valued at approximately $60,894,276.69. The trade was a 11.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.80% of the company’s stock.

NIKE Stock Up 2.9%

Shares of NYSE NKE opened at $78.4040 on Friday. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $90.62. The company has a current ratio of 2.21, a quick ratio of 1.50 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $115.79 billion, a price-to-earnings ratio of 36.30, a PEG ratio of 2.77 and a beta of 1.27. The business has a 50-day moving average of $72.51 and a 200-day moving average of $67.69.

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

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.0%. NIKE’s payout ratio is presently 74.07%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Argus raised NIKE to a “buy” rating in a report on Sunday, July 6th. Piper Sandler upped their price target on NIKE from $70.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, June 27th. The Goldman Sachs Group upped their price target on NIKE from $72.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, June 27th. Telsey Advisory Group reiterated a “market perform” rating and set a $70.00 price target on shares of NIKE in a research report on Friday, June 27th. Finally, Barclays upped their price target on NIKE from $53.00 to $64.00 and gave the company an “equal weight” rating in a research report on Friday, June 27th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, NIKE has an average rating of “Moderate Buy” and a consensus target price of $78.22.

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.