Roundview Capital LLC Sells 34,148 Shares of NIKE, Inc. $NKE

Roundview Capital LLC cut its position in shares of NIKE, Inc. (NYSE:NKE) by 43.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,774 shares of the footwear maker’s stock after selling 34,148 shares during the quarter. Roundview Capital LLC’s holdings in NIKE were worth $2,853,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Main Street Financial Solutions LLC grew its holdings in NIKE by 4.2% in the second quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker’s stock worth $244,000 after purchasing an additional 139 shares during the period. Diligent Investors LLC grew its holdings in NIKE by 4.3% in the fourth quarter. Diligent Investors LLC now owns 3,719 shares of the footwear maker’s stock worth $237,000 after purchasing an additional 153 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in NIKE by 4.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,978 shares of the footwear maker’s stock worth $253,000 after purchasing an additional 163 shares during the period. Lakeshore Capital Group Inc. grew its holdings in NIKE by 2.9% in the fourth quarter. Lakeshore Capital Group Inc. now owns 5,868 shares of the footwear maker’s stock worth $374,000 after purchasing an additional 165 shares during the period. Finally, TPG Financial Advisors LLC grew its holdings in NIKE by 4.8% in the third quarter. TPG Financial Advisors LLC now owns 3,666 shares of the footwear maker’s stock worth $256,000 after purchasing an additional 168 shares during the period. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Price Performance

Shares of NYSE NKE opened at $45.96 on Thursday. NIKE, Inc. has a twelve month low of $41.35 and a twelve month high of $80.17. The firm has a market cap of $68.06 billion, a P/E ratio of 30.44, a PEG ratio of 2.38 and a beta of 1.12. The company has a 50 day moving average of $46.05 and a 200 day moving average of $56.93. The company has a quick ratio of 1.45, a current ratio of 2.14 and a debt-to-equity ratio of 0.50.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.06. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The company had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.23 billion. During the same period in the previous year, the business earned $0.54 EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. As a group, research analysts expect that NIKE, Inc. will post 1.51 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be paid a dividend of $0.41 per share. The ex-dividend date is Monday, June 1st. This represents a $1.64 annualized dividend and a yield of 3.6%. NIKE’s dividend payout ratio is currently 108.61%.

Wall Street Analysts Forecast Growth

NKE has been the topic of a number of recent research reports. Evercore cut their price objective on shares of NIKE from $69.00 to $57.00 and set an “outperform” rating on the stock in a report on Wednesday, April 1st. BNP Paribas Exane reduced their price target on NIKE from $35.00 to $23.00 and set an “underperform” rating for the company in a report on Wednesday, April 1st. DA Davidson downgraded NIKE from a “buy” rating to a “neutral” rating and reduced their price target for the company from $72.00 to $46.00 in a report on Thursday, April 2nd. HSBC downgraded NIKE from a “buy” rating to a “hold” rating and reduced their price target for the company from $90.00 to $48.00 in a report on Monday, April 13th. Finally, Piper Sandler restated a “neutral” rating and set a $50.00 price target (down from $60.00) on shares of NIKE in a report on Friday, April 10th. Sixteen research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, NIKE currently has a consensus rating of “Hold” and an average target price of $62.04.

Insider Activity at NIKE

In related news, CEO Elliott Hill bought 23,660 shares of the stock in a transaction on Monday, April 13th. The shares were acquired at an average price of $42.27 per share, for a total transaction of $1,000,108.20. Following the purchase, the chief executive officer owned 265,247 shares of the company’s stock, valued at approximately $11,211,990.69. The trade was a 9.79% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John W. Rogers, Jr. bought 4,000 shares of the stock in a transaction on Thursday, April 9th. The shares were bought at an average price of $43.34 per share, for a total transaction of $173,360.00. Following the purchase, the director directly owned 41,022 shares in the company, valued at approximately $1,777,893.48. This trade represents a 10.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 64,441 shares of company stock worth $2,734,204 over the last quarter. 0.80% of the stock is currently owned by insiders.

NIKE Profile

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).