NIKE, Inc. (NYSE:NKE) Director Robert Holmes Swan Buys 8,600 Shares

NIKE, Inc. (NYSE:NKE) Director Robert Holmes Swan bought 8,600 shares of NIKE stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the transaction, the director now directly owns 31,983 shares in the company, valued at $1,869,726.18. This represents a 36.78 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

NIKE Price Performance

Shares of NIKE stock traded down $1.63 during mid-day trading on Monday, reaching $55.62. 45,509,135 shares of the stock traded hands, compared to its average volume of 13,579,742. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The business has a 50-day moving average of $72.96 and a 200 day moving average of $76.27. The stock has a market capitalization of $82.26 billion, a PE ratio of 17.17, a PEG ratio of 2.52 and a beta of 1.15. NIKE, Inc. has a fifty-two week low of $52.50 and a fifty-two week high of $98.04.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.26. The company had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm’s quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 EPS. 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 Tuesday, April 1st. Shareholders of record on Monday, March 3rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.88%. NIKE’s payout ratio is 53.16%.

Analysts Set New Price Targets

Several research firms have weighed in on NKE. Bank of America dropped their target price on shares of NIKE from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Piper Sandler upgraded NIKE from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $72.00 to $90.00 in a research note on Friday, January 10th. Needham & Company LLC reduced their price objective on NIKE from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Monday, March 17th. Jefferies Financial Group upgraded shares of NIKE from a “hold” rating to a “buy” rating and increased their price target for the stock from $75.00 to $115.00 in a report on Monday, February 24th. Finally, Barclays decreased their price objective on shares of NIKE from $79.00 to $70.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. Fifteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.38.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NKE. GAMMA Investing LLC boosted its stake in NIKE by 8,726.9% during the first quarter. GAMMA Investing LLC now owns 1,325,272 shares of the footwear maker’s stock worth $84,128,000 after buying an additional 1,310,258 shares during the last quarter. Exeter Financial LLC boosted its position in shares of NIKE by 14.4% during the 1st quarter. Exeter Financial LLC now owns 5,135 shares of the footwear maker’s stock valued at $326,000 after acquiring an additional 645 shares during the last quarter. Quent Capital LLC grew its holdings in shares of NIKE by 16.2% in the first quarter. Quent Capital LLC now owns 2,631 shares of the footwear maker’s stock valued at $167,000 after purchasing an additional 366 shares during the period. Versant Capital Management Inc increased its position in NIKE by 156.6% during the first quarter. Versant Capital Management Inc now owns 6,017 shares of the footwear maker’s stock worth $382,000 after purchasing an additional 3,672 shares during the last quarter. Finally, Jacobs & Co. CA raised its stake in NIKE by 1.7% during the first quarter. Jacobs & Co. CA now owns 159,631 shares of the footwear maker’s stock worth $10,133,000 after purchasing an additional 2,676 shares during the period. 64.25% of the stock is currently owned by institutional investors and hedge funds.

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.