NIKE, Inc. (NYSE:NKE) Shares Bought by Everence Capital Management Inc.

Everence Capital Management Inc. grew its holdings in shares of NIKE, Inc. (NYSE:NKE) by 128.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,680 shares of the footwear maker’s stock after purchasing an additional 13,860 shares during the period. Everence Capital Management Inc.’s holdings in NIKE were worth $1,868,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Teachers Insurance & Annuity Association of America acquired a new position in NIKE during the 3rd quarter valued at about $30,000. VitalStone Financial LLC increased its stake in shares of NIKE by 52.6% during the third quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock valued at $38,000 after acquiring an additional 150 shares during the period. Dunhill Financial LLC raised its holdings in NIKE by 52.2% during the third quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker’s stock worth $44,000 after purchasing an additional 169 shares in the last quarter. Riverview Trust Co acquired a new stake in NIKE in the third quarter worth approximately $52,000. Finally, Catalyst Capital Advisors LLC bought a new position in NIKE during the 3rd quarter valued at $54,000. 64.25% of the stock is currently owned by institutional investors.

NIKE Price Performance

Shares of NKE opened at $73.31 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 2.36. The firm has a market cap of $109.92 billion, a PE ratio of 21.01, a PEG ratio of 1.89 and a beta of 1.02. The firm’s 50 day moving average price is $77.02 and its 200 day moving average price is $79.46. NIKE, Inc. has a twelve month low of $70.75 and a twelve month high of $107.43.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.15. The business had revenue of $12.35 billion for the quarter, compared to the consensus estimate of $12.11 billion. NIKE had a net margin of 10.60% and a return on equity of 39.84%. NIKE’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 EPS. As a group, research analysts expect that NIKE, Inc. will post 2.72 EPS for the current fiscal year.

NIKE Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Monday, December 2nd. This is an increase from NIKE’s previous quarterly dividend of $0.37. NIKE’s dividend payout ratio is 49.38%.

Insider Activity

In related news, Director John W. Rogers, Jr. bought 2,500 shares of the firm’s stock in a transaction on Friday, December 27th. The stock was purchased at an average price of $76.65 per share, with a total value of $191,625.00. Following the completion of the transaction, the director now directly owns 34,403 shares of the company’s stock, valued at $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on NKE shares. Telsey Advisory Group lowered NIKE from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $93.00 to $80.00 in a report on Friday, December 20th. DA Davidson upgraded shares of NIKE to a “strong-buy” rating in a research report on Monday, December 23rd. Robert W. Baird dropped their target price on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a report on Monday, December 23rd. Guggenheim reduced their target price on shares of NIKE from $115.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, October 2nd. Finally, Truist Financial dropped their price target on NIKE from $97.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, December 20th. Fifteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $89.58.

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.