NIKE, Inc. (NYSE:NKE) Shares Sold by Davies Financial Advisors Inc.

Davies Financial Advisors Inc. lowered its position in shares of NIKE, Inc. (NYSE:NKE) by 15.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 5,058 shares of the footwear maker’s stock after selling 897 shares during the quarter. Davies Financial Advisors Inc.’s holdings in NIKE were worth $381,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of NIKE by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 110,044,821 shares of the footwear maker’s stock valued at $10,342,012,000 after buying an additional 501,792 shares during the period. Capital International Investors lifted its holdings in shares of NIKE by 34.9% in the 4th quarter. Capital International Investors now owns 27,609,613 shares of the footwear maker’s stock valued at $2,997,628,000 after buying an additional 7,143,775 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of NIKE by 87.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,135,431 shares of the footwear maker’s stock valued at $1,860,395,000 after buying an additional 7,996,434 shares during the period. Norges Bank acquired a new position in shares of NIKE in the 4th quarter valued at about $1,315,097,000. Finally, Fisher Asset Management LLC lifted its holdings in shares of NIKE by 2.3% in the 4th quarter. Fisher Asset Management LLC now owns 9,887,769 shares of the footwear maker’s stock valued at $1,073,515,000 after buying an additional 219,091 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Transactions at NIKE

In other NIKE news, Director Robert Holmes Swan bought 2,941 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was acquired at an average price of $77.02 per share, for a total transaction of $226,515.82. Following the completion of the purchase, the director now owns 20,946 shares of the company’s stock, valued at $1,613,260.92. The acquisition was disclosed in a filing with the SEC, which is available through this link. In related news, Chairman Mark G. Parker sold 52,487 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $78.00, for a total value of $4,093,986.00. Following the completion of the sale, the chairman now owns 1,031,226 shares in the company, valued at $80,435,628. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert Holmes Swan acquired 2,941 shares of NIKE stock in a transaction that occurred on Friday, June 28th. The stock was purchased at an average price of $77.02 per share, with a total value of $226,515.82. Following the transaction, the director now owns 20,946 shares of the company’s stock, valued at $1,613,260.92. The disclosure for this purchase can be found here. Insiders own 0.50% of the company’s stock.

NIKE Stock Up 0.1 %

NYSE:NKE traded up $0.06 during trading hours on Friday, hitting $83.32. The company’s stock had a trading volume of 13,755,265 shares, compared to its average volume of 11,453,677. The stock has a fifty day moving average of $78.18 and a 200-day moving average of $89.76. The stock has a market capitalization of $125.76 billion, a P/E ratio of 22.34, a price-to-earnings-growth ratio of 1.92 and a beta of 1.01. NIKE, Inc. has a 52-week low of $70.75 and a 52-week high of $123.39. The company has a current ratio of 2.40, a quick ratio of 1.69 and a debt-to-equity ratio of 0.55.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, June 27th. The footwear maker reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.16. The company had revenue of $12.60 billion for the quarter, compared to analyst estimates of $12.86 billion. NIKE had a return on equity of 42.63% and a net margin of 11.10%. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.66 earnings per share. On average, equities analysts forecast that NIKE, Inc. will post 3.12 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.37 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $1.48 annualized dividend and a dividend yield of 1.78%. NIKE’s dividend payout ratio (DPR) is 39.68%.

Wall Street Analysts Forecast Growth

NKE has been the subject of several recent analyst reports. Williams Trading upgraded NIKE from a “sell” rating to a “buy” rating and lifted their price target for the company from $67.00 to $93.00 in a research note on Friday, August 16th. Truist Financial dropped their price target on NIKE from $99.00 to $81.00 and set a “hold” rating for the company in a research report on Friday, June 28th. Wells Fargo & Company decreased their price objective on NIKE from $115.00 to $92.00 and set an “overweight” rating on the stock in a report on Friday, June 28th. Oppenheimer reiterated an “outperform” rating and issued a $120.00 price objective on shares of NIKE in a report on Friday, June 28th. Finally, TD Cowen decreased their price objective on NIKE from $75.00 to $71.00 and set a “hold” rating on the stock in a report on Thursday, July 25th. Fifteen investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, NIKE currently has a consensus rating of “Moderate Buy” and an average target price of $95.59.

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.