NIKE, Inc. (NYSE:NKE) Shares Acquired by Jacobs & Co. CA

Jacobs & Co. CA lifted its stake in NIKE, Inc. (NYSE:NKE) by 4.1% in the 4th quarter, Holdings Channel reports. The firm owned 156,955 shares of the footwear maker’s stock after purchasing an additional 6,137 shares during the quarter. NIKE accounts for approximately 1.2% of Jacobs & Co. CA’s portfolio, making the stock its 29th biggest position. Jacobs & Co. CA’s holdings in NIKE were worth $11,876,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. boosted its stake in shares of NIKE by 2.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 16,475 shares of the footwear maker’s stock worth $1,247,000 after acquiring an additional 404 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in NIKE by 0.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 206,023 shares of the footwear maker’s stock worth $15,590,000 after purchasing an additional 1,120 shares in the last quarter. Fortitude Family Office LLC grew its holdings in NIKE by 6.1% in the fourth quarter. Fortitude Family Office LLC now owns 2,988 shares of the footwear maker’s stock valued at $226,000 after purchasing an additional 171 shares during the last quarter. Watts Gwilliam & Co. LLC purchased a new position in shares of NIKE in the fourth quarter valued at $326,000. Finally, International Assets Investment Management LLC acquired a new position in shares of NIKE during the 4th quarter worth $512,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Trading Up 0.6 %

NYSE NKE traded up $0.46 during mid-day trading on Friday, hitting $71.75. The company’s stock had a trading volume of 10,313,431 shares, compared to its average volume of 11,383,392. The firm has a market capitalization of $107.58 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 1.89 and a beta of 1.02. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.36 and a quick ratio of 1.58. NIKE, Inc. has a 52-week low of $70.75 and a 52-week high of $107.43. The stock’s fifty day simple moving average is $76.43 and its two-hundred day simple moving average is $78.65.

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

NIKE Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were given a $0.40 dividend. This is an increase from NIKE’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.23%. NIKE’s dividend payout ratio is presently 49.38%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on NKE shares. Royal Bank of Canada lowered their price objective on shares of NIKE from $82.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 7th. Evercore ISI dropped their price objective on shares of NIKE from $105.00 to $97.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. DA Davidson upgraded NIKE to a “strong-buy” rating in a research report on Monday, December 23rd. JPMorgan Chase & Co. lowered their target price on NIKE from $77.00 to $73.00 and set a “neutral” rating on the stock in a report on Monday, December 2nd. Finally, Truist Financial cut their price target on NIKE from $97.00 to $90.00 and set a “buy” rating for the company in a report on Friday, December 20th. Fourteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $89.96.

Insider Activity

In other news, Director John W. Rogers, Jr. purchased 2,500 shares of the stock in a transaction that occurred on Friday, December 27th. The stock was acquired at an average cost of $76.65 per share, with a total value of $191,625.00. Following the acquisition, the director now owns 34,403 shares in the company, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

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.