Caprock Group LLC Acquires 4,191 Shares of NIKE, Inc. (NYSE:NKE)

Caprock Group LLC raised its holdings in NIKE, Inc. (NYSE:NKE) by 21.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 23,712 shares of the footwear maker’s stock after purchasing an additional 4,191 shares during the quarter. Caprock Group LLC’s holdings in NIKE were worth $1,803,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in NKE. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of NIKE by 625.4% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 76,900 shares of the footwear maker’s stock worth $5,796,000 after acquiring an additional 66,299 shares during the period. Centaurus Financial Inc. grew its holdings in NIKE by 180.8% in the 2nd quarter. Centaurus Financial Inc. now owns 4,490 shares of the footwear maker’s stock valued at $338,000 after buying an additional 2,891 shares in the last quarter. Czech National Bank lifted its holdings in shares of NIKE by 6.0% during the third quarter. Czech National Bank now owns 244,750 shares of the footwear maker’s stock worth $21,636,000 after buying an additional 13,918 shares in the last quarter. Handelsbanken Fonder AB grew its stake in shares of NIKE by 2.3% in the third quarter. Handelsbanken Fonder AB now owns 524,145 shares of the footwear maker’s stock valued at $46,334,000 after acquiring an additional 12,020 shares in the last quarter. Finally, Davis Investment Partners LLC bought a new position in NIKE during the third quarter worth about $1,238,000. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE Trading Down 1.9 %

NKE opened at $76.82 on Monday. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The company has a fifty day moving average price of $75.60 and a two-hundred day moving average price of $78.03. The company has a market cap of $113.62 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 2.44 and a beta of 1.02. NIKE, Inc. has a 1-year low of $70.32 and a 1-year high of $107.43.

NIKE (NYSE:NKE) last announced its quarterly earnings data 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 return on equity of 36.99% and a net margin of 9.98%. The firm had revenue of $12.35 billion during the quarter, compared to analysts’ expectations of $12.11 billion. During the same quarter last year, the firm posted $1.03 earnings per share. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. Analysts predict that NIKE, Inc. will post 2.09 EPS for the current fiscal year.

NIKE Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were issued a dividend of $0.40 per share. This is a boost from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend was Monday, December 2nd. NIKE’s dividend payout ratio (DPR) is currently 49.38%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NKE shares. Piper Sandler upgraded shares of NIKE from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $72.00 to $90.00 in a research report on Friday, January 10th. Morgan Stanley decreased their price target on NIKE from $80.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Bank of America reduced their price objective on shares of NIKE from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, December 20th. Robert W. Baird dropped their target price on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Monday, December 23rd. Finally, Stifel Nicolaus reduced their price target on shares of NIKE from $79.00 to $75.00 and set a “hold” rating on the stock in a research report on Friday, December 20th. Fourteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.96.

Insider Transactions at NIKE

In related news, Director John W. Rogers, Jr. acquired 2,500 shares of the company’s stock in a transaction on Friday, December 27th. The shares were acquired at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the purchase, the director now owns 34,403 shares in the company, valued at approximately $2,636,989.95. The trade was a 7.84 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.

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.