Schear Investment Advisers LLC Makes New $226,000 Investment in NIKE, Inc. (NYSE:NKE)

Schear Investment Advisers LLC bought a new position in NIKE, Inc. (NYSE:NKE) during the 4th quarter, Holdings Channel reports. The firm bought 2,083 shares of the footwear maker’s stock, valued at approximately $226,000.

Other large investors have also bought and sold shares of the company. BCK Partners Inc. acquired a new position in NIKE during the 1st quarter worth about $2,839,000. Loomis Sayles & Co. L P boosted its stake in NIKE by 138.2% in the first quarter. Loomis Sayles & Co. L P now owns 11,233 shares of the footwear maker’s stock valued at $1,511,000 after acquiring an additional 6,518 shares during the last quarter. Merit Financial Group LLC boosted its holdings in NIKE by 13.3% during the first quarter. Merit Financial Group LLC now owns 1,588 shares of the footwear maker’s stock worth $214,000 after buying an additional 186 shares during the last quarter. Bridgewater Associates LP bought a new stake in shares of NIKE in the 1st quarter valued at about $278,000. Finally, Federated Hermes Inc. increased its stake in NIKE by 9.8% in the first quarter. Federated Hermes Inc. now owns 433,950 shares of the footwear maker’s stock valued at $58,392,000 after purchasing an additional 38,903 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors.

NIKE Stock Performance

NIKE stock traded down $0.67 during midday trading on Friday, hitting $95.07. The company’s stock had a trading volume of 6,993,088 shares, compared to its average volume of 9,544,253. The company has a 50-day moving average price of $98.31 and a two-hundred day moving average price of $103.37. The company has a market cap of $143.49 billion, a price-to-earnings ratio of 28.12, a PEG ratio of 1.83 and a beta of 1.08. NIKE, Inc. has a 1-year low of $88.66 and a 1-year high of $128.68. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. The company had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. As a group, sell-side analysts predict that NIKE, Inc. will post 3.73 earnings per share for the current year.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.48 annualized dividend and a dividend yield of 1.56%. NIKE’s payout ratio is 43.53%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NKE shares. Evercore ISI decreased their price objective on NIKE from $127.00 to $117.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. Piper Sandler lowered their target price on NIKE from $107.00 to $98.00 and set a “neutral” rating for the company in a report on Friday, March 22nd. Stifel Nicolaus cut their price target on NIKE from $129.00 to $117.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. TheStreet downgraded NIKE from a “b” rating to a “c+” rating in a report on Tuesday, January 9th. Finally, Bank of America raised NIKE from a “neutral” rating to a “buy” rating and lifted their target price for the company from $110.00 to $113.00 in a research report on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $116.26.

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.