Willner & Heller LLC Buys 567 Shares of NIKE, Inc. (NYSE:NKE)

Willner & Heller LLC raised its stake in shares of NIKE, Inc. (NYSE:NKE) by 24.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,908 shares of the footwear maker’s stock after acquiring an additional 567 shares during the quarter. Willner & Heller LLC’s holdings in NIKE were worth $220,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Seilern Investment Management Ltd acquired a new stake in shares of NIKE during the 4th quarter worth approximately $101,501,000. City Holding Co. lifted its position in NIKE by 5.4% in the fourth quarter. City Holding Co. now owns 21,106 shares of the footwear maker’s stock worth $1,597,000 after purchasing an additional 1,087 shares during the period. Ellsworth Advisors LLC boosted its stake in NIKE by 55.1% during the fourth quarter. Ellsworth Advisors LLC now owns 29,729 shares of the footwear maker’s stock worth $2,250,000 after buying an additional 10,567 shares in the last quarter. Grove Bank & Trust increased its holdings in NIKE by 3.9% in the 4th quarter. Grove Bank & Trust now owns 4,310 shares of the footwear maker’s stock valued at $326,000 after buying an additional 163 shares during the period. Finally, Ballast Inc. raised its stake in shares of NIKE by 22.4% in the 4th quarter. Ballast Inc. now owns 17,255 shares of the footwear maker’s stock valued at $1,306,000 after buying an additional 3,159 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Wall Street Analysts Forecast Growth

NKE has been the subject of several recent research reports. Morgan Stanley dropped their price target on shares of NIKE from $80.00 to $74.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Truist Financial decreased their price target on NIKE from $97.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Piper Sandler raised NIKE from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $72.00 to $90.00 in a report on Friday, January 10th. Guggenheim dropped their target price on shares of NIKE from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, October 2nd. Finally, Robert W. Baird reduced their price target on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Monday, December 23rd. Fourteen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, NIKE currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.96.

Insiders Place Their Bets

In other news, Director John W. Rogers, Jr. acquired 2,500 shares of NIKE stock in a transaction dated Friday, December 27th. The stock was bought at an average cost of $76.65 per share, with a total value of $191,625.00. Following the completion of the transaction, the director now directly owns 34,403 shares of the company’s stock, valued at approximately $2,636,989.95. This represents a 7.84 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.

NIKE Stock Down 0.3 %

NIKE stock opened at $70.89 on Monday. The firm has a market capitalization of $104.85 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 2.26 and a beta of 1.02. The company’s 50 day simple moving average is $75.77 and its 200 day simple moving average is $77.94. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. NIKE, Inc. has a fifty-two week low of $70.32 and a fifty-two week high of $107.43.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.15. The company had revenue of $12.35 billion during the quarter, compared to analyst estimates of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm’s revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 EPS. As a group, sell-side analysts anticipate that NIKE, Inc. will post 2.1 EPS for the current year.

NIKE Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.26%. This is a boost from NIKE’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, December 2nd. NIKE’s dividend payout ratio is presently 49.38%.

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.