Roundview Capital LLC Purchases 3,041 Shares of NIKE, Inc. (NYSE:NKE)

Roundview Capital LLC grew its stake in shares of NIKE, Inc. (NYSE:NKEFree Report) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,775 shares of the footwear maker’s stock after acquiring an additional 3,041 shares during the quarter. Roundview Capital LLC’s holdings in NIKE were worth $8,227,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of NKE. Iron Horse Wealth Management LLC boosted its position in shares of NIKE by 120.7% during the fourth quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock valued at $28,000 after buying an additional 140 shares during the last quarter. Planned Solutions Inc. bought a new stake in NIKE in the 4th quarter worth approximately $29,000. Mizuho Securities Co. Ltd. increased its stake in NIKE by 100.0% in the 4th quarter. Mizuho Securities Co. Ltd. now owns 340 shares of the footwear maker’s stock worth $37,000 after acquiring an additional 170 shares during the last quarter. NewSquare Capital LLC boosted its holdings in shares of NIKE by 372.0% in the 4th quarter. NewSquare Capital LLC now owns 354 shares of the footwear maker’s stock worth $38,000 after purchasing an additional 279 shares during the period. Finally, Raleigh Capital Management Inc. boosted its holdings in shares of NIKE by 134.2% in the 3rd quarter. Raleigh Capital Management Inc. now owns 377 shares of the footwear maker’s stock worth $36,000 after purchasing an additional 216 shares during the period. 64.25% of the stock is currently owned by institutional investors.

Insider Transactions at NIKE

In related news, Chairman Mark G. Parker sold 168,378 shares of NIKE stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $93.14, for a total value of $15,682,726.92. Following the completion of the transaction, the chairman now directly owns 1,102,090 shares in the company, valued at $102,648,662.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Monique S. Matheson sold 45,000 shares of NIKE stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $94.16, for a total transaction of $4,237,200.00. Following the sale, the executive vice president now owns 44,997 shares in the company, valued at $4,236,917.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Mark G. Parker sold 168,378 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $93.14, for a total value of $15,682,726.92. Following the completion of the transaction, the chairman now owns 1,102,090 shares in the company, valued at approximately $102,648,662.60. The disclosure for this sale can be found here. Insiders sold a total of 213,660 shares of company stock worth $19,946,333 over the last ninety days. Company insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

NKE has been the subject of a number of recent analyst reports. Piper Sandler dropped their price objective on NIKE from $107.00 to $98.00 and set a “neutral” rating for the company in a report on Friday, March 22nd. Citigroup reduced their target price on NIKE from $135.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, March 14th. The Goldman Sachs Group reduced their target price on NIKE from $135.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Evercore ISI dropped their price target on NIKE from $127.00 to $117.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Finally, Stifel Nicolaus lowered their target price on NIKE from $129.00 to $117.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat.com, NIKE currently has an average rating of “Moderate Buy” and an average price target of $116.26.

View Our Latest Research Report on NKE

NIKE Price Performance

Shares of NYSE:NKE traded down $0.33 during midday trading on Wednesday, hitting $91.67. The company had a trading volume of 7,235,813 shares, compared to its average volume of 9,214,787. The business’s 50-day simple moving average is $92.86 and its 200-day simple moving average is $101.62. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89. The stock has a market cap of $138.36 billion, a price-to-earnings ratio of 26.96, a price-to-earnings-growth ratio of 1.77 and a beta of 1.07. NIKE, Inc. has a twelve month low of $88.66 and a twelve month high of $123.39.

NIKE (NYSE:NKEGet Free Report) last posted its earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.29. The company had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. On average, research analysts predict that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.48 annualized dividend and a dividend yield of 1.61%. NIKE’s dividend payout ratio is currently 43.53%.

NIKE Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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