Bill Few Associates Inc. Acquires Shares of 3,140 NIKE, Inc. $NKE

Bill Few Associates Inc. acquired a new stake in shares of NIKE, Inc. (NYSE:NKE) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,140 shares of the footwear maker’s stock, valued at approximately $223,000.

A number of other institutional investors also recently added to or reduced their stakes in NKE. Spire Wealth Management boosted its holdings in shares of NIKE by 4.4% in the 1st quarter. Spire Wealth Management now owns 9,872 shares of the footwear maker’s stock worth $627,000 after acquiring an additional 416 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of NIKE by 0.6% in the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,008,340 shares of the footwear maker’s stock worth $69,932,000 after acquiring an additional 5,601 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of NIKE in the 1st quarter worth approximately $25,963,000. BROOKFIELD Corp ON boosted its holdings in shares of NIKE by 36.2% in the 1st quarter. BROOKFIELD Corp ON now owns 658,598 shares of the footwear maker’s stock worth $41,808,000 after acquiring an additional 175,000 shares in the last quarter. Finally, Cadence Bank boosted its holdings in shares of NIKE by 10.0% in the 1st quarter. Cadence Bank now owns 83,002 shares of the footwear maker’s stock worth $5,269,000 after acquiring an additional 7,574 shares in the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on NKE. Royal Bank Of Canada reissued an “outperform” rating on shares of NIKE in a report on Friday. HSBC raised NIKE from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a report on Friday, June 27th. DZ Bank raised NIKE from a “hold” rating to a “buy” rating in a report on Wednesday, October 1st. Truist Financial reissued a “buy” rating and issued a $85.00 target price on shares of NIKE in a report on Wednesday, October 1st. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $75.00 target price on shares of NIKE in a report on Wednesday, October 1st. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.57.

Insiders Place Their Bets

In other news, Chairman Mark G. Parker sold 110,000 shares of the stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total value of $7,951,900.00. Following the transaction, the chairman owned 842,361 shares of the company’s stock, valued at $60,894,276.69. This represents a 11.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Treasure Heinle sold 4,300 shares of the firm’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $71.27, for a total value of $306,461.00. Following the sale, the executive vice president directly owned 29,396 shares in the company, valued at $2,095,052.92. The trade was a 12.76% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 200,378 shares of company stock worth $14,794,264. 0.80% of the stock is currently owned by company insiders.

NIKE Stock Down 4.1%

NYSE:NKE opened at $65.25 on Monday. The stock’s fifty day moving average price is $73.80 and its two-hundred day moving average price is $67.30. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $84.76. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 2.19. The company has a market cap of $96.45 billion, a price-to-earnings ratio of 33.46, a P/E/G ratio of 2.38 and a beta of 1.29.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.22. The firm had revenue of $11.72 billion for the quarter, compared to the consensus estimate of $10.96 billion. NIKE had a return on equity of 21.16% and a net margin of 6.23%.The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 EPS. On average, analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.5%. NIKE’s dividend payout ratio is 82.05%.

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.