Moment Partners LLC Invests $213,000 in NIKE, Inc. (NYSE:NKE)

Moment Partners LLC bought a new stake in NIKE, Inc. (NYSE:NKE) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,816 shares of the footwear maker’s stock, valued at approximately $213,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new position in shares of NIKE in the 4th quarter worth about $28,000. Caitlin John LLC grew its holdings in shares of NIKE by 117.0% during the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 200 shares during the period. Teachers Insurance & Annuity Association of America acquired a new stake in NIKE during the 3rd quarter worth approximately $30,000. Roxbury Financial LLC purchased a new position in NIKE in the fourth quarter valued at approximately $30,000. Finally, LFA Lugano Financial Advisors SA lifted its position in NIKE by 110.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock valued at $30,000 after buying an additional 210 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Wall Street Analysts Forecast Growth

NKE has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of NIKE from $92.00 to $82.00 and set a “buy” rating for the company in a research report on Monday, December 16th. Truist Financial lowered their price target on NIKE from $90.00 to $82.00 and set a “buy” rating for the company in a report on Friday, March 21st. Guggenheim restated a “buy” rating and set a $110.00 price objective on shares of NIKE in a research note on Wednesday, February 12th. Wells Fargo & Company lowered their target price on NIKE from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, March 21st. Finally, BMO Capital Markets reduced their price target on NIKE from $95.00 to $92.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. Fifteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $87.38.

NIKE Price Performance

Shares of NKE opened at $65.76 on Thursday. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The firm has a market cap of $97.26 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 2.52 and a beta of 1.02. NIKE, Inc. has a 52 week low of $64.95 and a 52 week high of $98.04. The stock has a 50 day moving average of $74.42 and a 200-day moving average of $77.13.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.26. The firm had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm’s revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 earnings per share. As a group, analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Monday, March 3rd. NIKE’s dividend payout ratio is presently 53.16%.

Insider Buying and Selling

In related news, Director John W. Rogers, Jr. acquired 2,500 shares of the stock in a transaction that occurred on Friday, December 27th. The stock was purchased at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the purchase, the director now directly owns 34,403 shares in the company, valued at $2,636,989.95. This represents a 7.84 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $72.83, for a total value of $12,361,581.56. Following the completion of the sale, the chairman now directly owns 896,632 shares in the company, valued at $65,301,708.56. This represents a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

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.