Brown Shipley& Co Ltd Buys 2,307 Shares of NIKE, Inc. (NYSE:NKE)

Brown Shipley& Co Ltd grew its stake in shares of NIKE, Inc. (NYSE:NKE) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 62,620 shares of the footwear maker’s stock after buying an additional 2,307 shares during the quarter. NIKE makes up 3.4% of Brown Shipley& Co Ltd’s holdings, making the stock its 13th biggest holding. Brown Shipley& Co Ltd’s holdings in NIKE were worth $6,799,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Iron Horse Wealth Management LLC grew its stake in shares of NIKE by 120.7% during the fourth quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock worth $28,000 after buying an additional 140 shares during the last quarter. Planned Solutions Inc. bought a new stake in shares of NIKE during the fourth quarter worth $29,000. True Wealth Design LLC grew its stake in shares of NIKE by 106.4% during the fourth quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock worth $32,000 after buying an additional 150 shares during the last quarter. Frank Rimerman Advisors LLC bought a new stake in shares of NIKE in the fourth quarter worth $33,000. Finally, Core Wealth Advisors Inc. grew its stake in shares of NIKE by 408.5% in the fourth quarter. Core Wealth Advisors Inc. now owns 300 shares of the footwear maker’s stock worth $33,000 after purchasing an additional 241 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

Insiders Place Their Bets

In other NIKE news, VP Johanna Nielsen sold 282 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $93.64, for a total value of $26,406.48. Following the completion of the sale, the vice president now directly owns 730 shares of the company’s stock, valued at approximately $68,357.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Johanna Nielsen sold 282 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $93.64, for a total transaction of $26,406.48. Following the completion of the transaction, the vice president now directly owns 730 shares of the company’s stock, valued at approximately $68,357.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Mark G. Parker sold 168,378 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $93.14, for a total transaction of $15,682,726.92. Following the transaction, the chairman now directly owns 1,102,090 shares of the company’s stock, valued at $102,648,662.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 213,660 shares of company stock valued at $19,946,333. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

NKE has been the topic of several analyst reports. Truist Financial reissued a “hold” rating and issued a $111.00 price objective on shares of NIKE in a research note on Tuesday, March 19th. Citigroup reduced their price objective on shares of NIKE from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, March 14th. Morgan Stanley reduced their price objective on shares of NIKE from $116.00 to $114.00 and set an “overweight” rating on the stock in a research note on Monday. Barclays dropped their target price on shares of NIKE from $142.00 to $114.00 and set an “overweight” rating on the stock in a report on Monday, March 25th. Finally, Wedbush restated an “outperform” rating and issued a $115.00 target price on shares of NIKE in a report on Tuesday, April 30th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat, NIKE presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.52.

NIKE Trading Down 0.7 %

NYSE:NKE opened at $92.75 on Monday. NIKE, Inc. has a one year low of $88.66 and a one year high of $123.39. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89. The firm has a 50-day moving average of $93.14 and a 200-day moving average of $100.45. The company has a market cap of $139.99 billion, a PE ratio of 27.47, a PEG ratio of 1.74 and a beta of 1.05.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. NIKE had a net margin of 10.14% and a return on equity of 39.41%. The business had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.28 billion. As a group, equities research analysts expect that NIKE, Inc. will post 3.76 EPS for the current fiscal year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Monday, June 3rd. NIKE’s payout ratio is 43.53%.

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.