Wealthcare Advisory Partners LLC Acquires 4,111 Shares of NIKE, Inc. (NYSE:NKE)

Wealthcare Advisory Partners LLC grew its holdings in shares of NIKE, Inc. (NYSE:NKE) by 27.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,259 shares of the footwear maker’s stock after buying an additional 4,111 shares during the period. Wealthcare Advisory Partners LLC’s holdings in NIKE were worth $1,457,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Procyon Advisors LLC boosted its holdings in NIKE by 5.5% in the fourth quarter. Procyon Advisors LLC now owns 29,641 shares of the footwear maker’s stock valued at $2,243,000 after acquiring an additional 1,541 shares in the last quarter. Everpar Advisors LLC increased its position in shares of NIKE by 18.1% during the fourth quarter. Everpar Advisors LLC now owns 2,697 shares of the footwear maker’s stock valued at $204,000 after buying an additional 413 shares during the period. Tompkins Financial Corp raised its stake in NIKE by 21.0% in the fourth quarter. Tompkins Financial Corp now owns 6,241 shares of the footwear maker’s stock worth $472,000 after buying an additional 1,084 shares in the last quarter. Empirical Asset Management LLC lifted its holdings in NIKE by 487.6% in the fourth quarter. Empirical Asset Management LLC now owns 17,864 shares of the footwear maker’s stock worth $1,352,000 after buying an additional 14,824 shares during the period. Finally, Eagle Rock Investment Company LLC boosted its position in NIKE by 49.2% during the 4th quarter. Eagle Rock Investment Company LLC now owns 60,642 shares of the footwear maker’s stock valued at $4,589,000 after acquiring an additional 19,991 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

NIKE Trading Down 0.3 %

NIKE stock opened at $70.89 on Friday. NIKE, Inc. has a 52-week low of $70.32 and a 52-week high of $107.43. The company has a market cap of $104.85 billion, a P/E ratio of 21.88, a P/E/G ratio of 2.26 and a beta of 1.02. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The business has a 50-day simple moving average of $75.77 and a two-hundred day simple moving average of $77.92.

NIKE (NYSE:NKE) last announced 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. The business had revenue of $12.35 billion during the quarter, compared to analysts’ expectations of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm’s revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.03 earnings per share. Analysts predict that NIKE, Inc. will post 2.1 EPS for the current year.

NIKE Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Monday, December 2nd. This is a positive change from NIKE’s previous quarterly dividend of $0.37. NIKE’s payout ratio is currently 49.38%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NKE shares. Truist Financial lowered their target price on NIKE from $97.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, December 20th. DA Davidson upgraded shares of NIKE to a “strong-buy” rating in a report on Monday, December 23rd. Morgan Stanley decreased their price target on shares of NIKE from $80.00 to $74.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. Wells Fargo & Company dropped their price objective on shares of NIKE from $95.00 to $92.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Finally, TD Cowen decreased their target price on shares of NIKE from $78.00 to $73.00 and set a “hold” rating for the company in a research note on Monday, November 18th. Fourteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $89.96.

Insiders Place Their Bets

In other news, Director John W. Rogers, Jr. bought 2,500 shares of NIKE stock in a transaction that occurred on Friday, December 27th. The stock was bought 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 of the company’s stock, valued at $2,636,989.95. The trade was a 7.84 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

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.