O Shaughnessy Asset Management LLC Increases Stock Holdings in NIKE, Inc. (NYSE:NKE)

O Shaughnessy Asset Management LLC boosted its stake in NIKE, Inc. (NYSE:NKE) by 8.9% in the fourth quarter, Holdings Channel reports. The fund owned 79,896 shares of the footwear maker’s stock after buying an additional 6,530 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in NIKE were worth $6,046,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Range Financial Group LLC purchased a new position in shares of NIKE in the fourth quarter valued at $642,000. Cacti Asset Management LLC purchased a new position in NIKE in the 4th quarter valued at about $9,987,000. Capricorn Fund Managers Ltd acquired a new stake in shares of NIKE during the fourth quarter valued at about $5,384,000. Klein Pavlis & Peasley Financial Inc. grew its stake in shares of NIKE by 31.1% during the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 25,835 shares of the footwear maker’s stock valued at $1,955,000 after acquiring an additional 6,124 shares in the last quarter. Finally, FNY Investment Advisers LLC lifted its stake in shares of NIKE by 5,745.9% in the fourth quarter. FNY Investment Advisers LLC now owns 8,652 shares of the footwear maker’s stock worth $654,000 after acquiring an additional 8,504 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. China Renaissance started coverage on NIKE in a research note on Wednesday, March 19th. They set a “hold” rating for the company. Telsey Advisory Group reissued a “market perform” rating and set a $80.00 price target on shares of NIKE in a research report on Monday, March 17th. Barclays cut their price target on shares of NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Truist Financial decreased their price objective on shares of NIKE from $90.00 to $82.00 and set a “buy” rating for the company in a report on Friday, March 21st. Finally, Guggenheim restated a “buy” rating and issued a $110.00 target price on shares of NIKE in a research note on Wednesday, February 12th. Fifteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.38.

NIKE Stock Performance

Shares of NYSE NKE opened at $64.78 on Wednesday. NIKE, Inc. has a 12-month low of $62.65 and a 12-month high of $98.04. The company has a market cap of $95.81 billion, a PE ratio of 19.99, a P/E/G ratio of 2.52 and a beta of 1.02. The stock has a 50 day simple moving average of $73.84 and a 200-day simple moving average of $76.72. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.26. The company had revenue of $11.27 billion during the quarter, compared to analyst estimates of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The firm’s quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 EPS. On average, equities research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were given 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 2.47%. NIKE’s dividend payout ratio is presently 53.16%.

Insider Buying and Selling at NIKE

In other news, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $72.83, for a total value of $12,361,581.56. Following the completion of the transaction, the chairman now directly owns 896,632 shares in the company, valued at $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.10% of the stock is owned by corporate insiders.

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.