Vanguard Personalized Indexing Management LLC Acquires 16,556 Shares of NIKE, Inc. $NKE

Vanguard Personalized Indexing Management LLC raised its holdings in shares of NIKE, Inc. (NYSE:NKE) by 17.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,663 shares of the footwear maker’s stock after acquiring an additional 16,556 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in NIKE were worth $8,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of NKE. Brighton Jones LLC raised its holdings in NIKE by 388.5% during the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock valued at $15,316,000 after acquiring an additional 160,980 shares during the period. GAMMA Investing LLC raised its holdings in NIKE by 39.1% during the 1st quarter. GAMMA Investing LLC now owns 20,877 shares of the footwear maker’s stock valued at $1,325,000 after acquiring an additional 5,863 shares during the period. Simon Quick Advisors LLC increased its holdings in shares of NIKE by 21.0% in the first quarter. Simon Quick Advisors LLC now owns 3,986 shares of the footwear maker’s stock worth $253,000 after purchasing an additional 691 shares during the period. Everhart Financial Group Inc. bought a new position in shares of NIKE in the first quarter worth $229,000. Finally, Krilogy Financial LLC bought a new position in shares of NIKE in the first quarter worth $661,000. Institutional investors own 64.25% of the company’s stock.

NIKE Stock Down 4.1%

NKE opened at $65.25 on Monday. The stock has a market cap of $96.45 billion, a PE ratio of 33.46, a P/E/G ratio of 2.38 and a beta of 1.29. The company has a quick ratio of 1.45, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $84.76. The business’s fifty day simple moving average is $73.80 and its 200 day simple moving average is $67.30.

NIKE (NYSE:NKE) last released its earnings results on Tuesday, September 30th. The footwear maker reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.22. The business had revenue of $11.72 billion for the quarter, compared to analysts’ expectations of $10.96 billion. NIKE had a return on equity of 21.16% and a net margin of 6.23%.The firm’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.70 earnings per share. As a group, research analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

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

Insider Activity

In other NIKE news, EVP Treasure Heinle sold 4,300 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $71.27, for a total transaction of $306,461.00. Following the completion of the sale, the executive vice president directly owned 29,396 shares in the company, valued at $2,095,052.92. This represents a 12.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Mark G. Parker sold 86,078 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $75.93, for a total transaction of $6,535,902.54. Following the sale, the chairman owned 744,988 shares of the company’s stock, valued at approximately $56,566,938.84. The trade was a 10.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 200,378 shares of company stock valued at $14,794,264. Company insiders own 0.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NKE shares. Weiss Ratings raised shares of NIKE from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. Piper Sandler set a $84.00 price target on shares of NIKE and gave the stock an “overweight” rating in a report on Wednesday, October 1st. DZ Bank raised shares of NIKE from a “hold” rating to a “buy” rating in a report on Wednesday, October 1st. Stifel Nicolaus set a $68.00 price target on shares of NIKE and gave the stock a “hold” rating in a report on Wednesday, October 1st. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $75.00 price target on shares of NIKE in a report on Wednesday, October 1st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $81.57.

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.