FNY Investment Advisers LLC Has $131,000 Stock Position in NIKE, Inc. $NKE

FNY Investment Advisers LLC decreased its position in NIKE, Inc. (NYSE:NKE) by 86.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,850 shares of the footwear maker’s stock after selling 11,729 shares during the period. FNY Investment Advisers LLC’s holdings in NIKE were worth $131,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NKE. Goldman Sachs Group Inc. lifted its position in NIKE by 344.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 26,698,835 shares of the footwear maker’s stock valued at $1,694,842,000 after acquiring an additional 20,688,013 shares in the last quarter. Wellington Management Group LLP lifted its position in NIKE by 24.9% in the 1st quarter. Wellington Management Group LLP now owns 45,383,916 shares of the footwear maker’s stock valued at $2,880,971,000 after acquiring an additional 9,043,180 shares in the last quarter. Jennison Associates LLC bought a new stake in NIKE in the 1st quarter valued at $509,051,000. Nuveen LLC bought a new stake in NIKE in the 1st quarter valued at $502,285,000. Finally, Vanguard Group Inc. lifted its position in NIKE by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 113,151,080 shares of the footwear maker’s stock valued at $7,182,831,000 after acquiring an additional 4,957,494 shares in the last quarter. 64.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NKE has been the topic of several research reports. Truist Financial reaffirmed a “buy” rating and issued a $85.00 price objective on shares of NIKE in a research report on Wednesday, October 1st. Jefferies Financial Group reaffirmed a “buy” rating and issued a $115.00 price objective on shares of NIKE in a research report on Monday, September 29th. Piper Sandler set a $84.00 price target on shares of NIKE and gave the stock an “overweight” rating in a research report on Wednesday, October 1st. Needham & Company LLC reissued a “buy” rating and set a $78.00 price target on shares of NIKE in a research report on Wednesday, October 1st. Finally, BTIG Research began coverage on shares of NIKE in a research report on Tuesday, October 14th. They set a “buy” rating and a $100.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, NIKE presently has an average rating of “Moderate Buy” and an average price target of $82.21.

NIKE Price Performance

Shares of NYSE NKE opened at $69.03 on Thursday. The company has a quick ratio of 1.45, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The business’s 50 day moving average price is $72.67 and its two-hundred day moving average price is $67.57. The company has a market cap of $102.03 billion, a PE ratio of 35.40, a price-to-earnings-growth ratio of 2.52 and a beta of 1.29. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $82.44.

NIKE (NYSE:NKE) last released its quarterly earnings data on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.22. The firm had revenue of $11.72 billion for the quarter, compared to analyst estimates of $10.96 billion. NIKE had a return on equity of 21.16% and a net margin of 6.23%.The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.70 earnings per share. On average, analysts predict that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were paid a $0.40 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $1.60 annualized dividend and a yield of 2.3%. NIKE’s dividend payout ratio is currently 82.05%.

Insider Activity at NIKE

In other NIKE news, EVP Treasure Heinle sold 4,300 shares of the stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $71.27, for a total value of $306,461.00. Following the transaction, the executive vice president directly owned 29,396 shares of the company’s stock, valued at $2,095,052.92. This represents a 12.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mark G. Parker sold 86,078 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $75.93, for a total transaction of $6,535,902.54. Following the completion of the transaction, the chairman directly owned 744,988 shares in the company, valued at approximately $56,566,938.84. This represents a 10.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.80% of the stock is owned by corporate insiders.

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.