Union Bancaire Privee UBP SA Makes New $496,000 Investment in NIKE, Inc. (NYSE:NKE)

Union Bancaire Privee UBP SA acquired a new position in shares of NIKE, Inc. (NYSE:NKE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 6,597 shares of the footwear maker’s stock, valued at approximately $496,000.

Several other large investors have also recently added to or reduced their stakes in the company. Delta Financial Group Inc. bought a new position in shares of NIKE in the fourth quarter worth $567,000. Ascent Wealth Partners LLC increased its position in shares of NIKE by 10.3% in the fourth quarter. Ascent Wealth Partners LLC now owns 4,436 shares of the footwear maker’s stock worth $336,000 after purchasing an additional 415 shares during the period. Forvis Mazars Wealth Advisors LLC increased its position in shares of NIKE by 3.4% in the fourth quarter. Forvis Mazars Wealth Advisors LLC now owns 6,603 shares of the footwear maker’s stock worth $500,000 after purchasing an additional 220 shares during the period. Pavion Blue Capital LLC increased its position in shares of NIKE by 266.5% in the fourth quarter. Pavion Blue Capital LLC now owns 10,500 shares of the footwear maker’s stock worth $795,000 after purchasing an additional 7,635 shares during the period. Finally, Howard Capital Management Inc. increased its position in shares of NIKE by 6.5% in the fourth quarter. Howard Capital Management Inc. now owns 8,263 shares of the footwear maker’s stock worth $625,000 after purchasing an additional 505 shares during the period. Institutional investors own 64.25% of the company’s stock.

NIKE Stock Performance

Shares of NKE stock opened at $80.32 on Tuesday. The stock has a market capitalization of $118.80 billion, a PE ratio of 24.79, a PEG ratio of 2.52 and a beta of 1.01. NIKE, Inc. has a one year low of $68.62 and a one year high of $106.10. The business’s 50 day simple moving average is $74.37 and its 200 day simple moving average is $78.21. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.15. The firm had revenue of $12.35 billion for the quarter, compared to analysts’ expectations of $12.11 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.03 EPS. As a group, research analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Monday, March 3rd. NIKE’s payout ratio is 49.38%.

Insiders Place Their Bets

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the 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 transaction, the chairman now directly owns 896,632 shares in the company, valued at approximately $65,301,708.56. This represents a 15.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John W. Rogers, Jr. purchased 2,500 shares of the business’s stock in a transaction on Friday, December 27th. The shares were acquired at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the acquisition, 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 disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NKE. Morgan Stanley lowered their target price on NIKE from $80.00 to $74.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. Truist Financial lowered their target price on NIKE from $97.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Stifel Nicolaus lowered their target price on NIKE from $79.00 to $75.00 and set a “hold” rating for the company in a research note on Friday, December 20th. Bank of America lowered their target price on NIKE from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Finally, Wells Fargo & Company reduced their price target on NIKE from $95.00 to $92.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Fourteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.77.

NIKE Company 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.