Oxford Financial Group LTD. LLC Has $2.58 Million Holdings in NIKE, Inc. (NYSE:NKE)

Oxford Financial Group LTD. LLC lessened its holdings in NIKE, Inc. (NYSE:NKE) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,091 shares of the footwear maker’s stock after selling 205 shares during the period. Oxford Financial Group LTD. LLC’s holdings in NIKE were worth $2,580,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Heck Capital Advisors LLC bought a new position in NIKE in the 4th quarter worth $28,000. Caitlin John LLC raised its holdings in NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock worth $28,000 after acquiring an additional 200 shares during the period. Teachers Insurance & Annuity Association of America bought a new position in NIKE in the 3rd quarter worth $30,000. Roxbury Financial LLC bought a new position in NIKE in the 4th quarter worth $30,000. Finally, LFA Lugano Financial Advisors SA raised its holdings in NIKE by 110.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock worth $30,000 after acquiring an additional 210 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Price Performance

NYSE:NKE opened at $71.61 on Friday. The firm has a market cap of $105.92 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. NIKE, Inc. has a 12 month low of $67.10 and a 12 month high of $101.92. 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 company’s 50-day moving average price is $74.77 and its two-hundred day moving average price is $77.56.

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 analysts’ consensus estimates of $0.28 by $0.26. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company had revenue of $11.27 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same period in the prior year, the business earned $0.98 earnings per share. NIKE’s quarterly revenue was down 9.1% on a year-over-year basis. On average, equities analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.23%. NIKE’s payout ratio is 49.38%.

Analyst Upgrades and Downgrades

NKE has been the topic of several recent analyst reports. Truist Financial dropped their target price on shares of NIKE from $97.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, December 20th. DA Davidson upgraded shares of NIKE to a “strong-buy” rating in a report on Monday, December 23rd. Jefferies Financial Group upgraded shares of NIKE from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $75.00 to $115.00 in a report on Monday, February 24th. Dbs Bank upgraded shares of NIKE from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Finally, Piper Sandler upgraded shares of NIKE from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $72.00 to $90.00 in a report on Friday, January 10th. Fifteen 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $89.54.

Insider Transactions at NIKE

In other NIKE news, Director John W. Rogers, Jr. purchased 2,500 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The stock was acquired at an average cost of $76.65 per share, with a total value of $191,625.00. Following the completion of the purchase, the director now directly owns 34,403 shares in the company, valued at approximately $2,636,989.95. This represents a 7.84 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the sale, the chairman now directly owns 896,632 shares of the company’s stock, valued at approximately $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

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.