Berkeley Capital Partners LLC Has $1.24 Million Stock Position in NIKE, Inc. (NYSE:NKE)

Berkeley Capital Partners LLC grew its holdings in shares of NIKE, Inc. (NYSE:NKE) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,372 shares of the footwear maker’s stock after buying an additional 936 shares during the quarter. Berkeley Capital Partners LLC’s holdings in NIKE were worth $1,239,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Empowered Funds LLC boosted its holdings in NIKE by 10.7% during the third quarter. Empowered Funds LLC now owns 23,214 shares of the footwear maker’s stock worth $2,052,000 after purchasing an additional 2,243 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in NIKE by 4.5% during the third quarter. Thrivent Financial for Lutherans now owns 66,417 shares of the footwear maker’s stock worth $5,875,000 after purchasing an additional 2,843 shares during the last quarter. Tranquility Partners LLC purchased a new position in NIKE during the third quarter worth about $211,000. Prospera Financial Services Inc boosted its holdings in NIKE by 13.5% during the third quarter. Prospera Financial Services Inc now owns 50,991 shares of the footwear maker’s stock worth $4,508,000 after purchasing an additional 6,066 shares during the last quarter. Finally, West Family Investments Inc. purchased a new position in NIKE during the third quarter worth about $342,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NIKE news, Director John W. Rogers, Jr. acquired 2,500 shares of the business’s stock in a transaction dated Friday, December 27th. The stock was bought at an average price of $76.65 per share, with a total value of $191,625.00. Following the purchase, the director now owns 34,403 shares of the company’s stock, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Mark G. Parker sold 169,732 shares of the company’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the completion of the sale, the chairman now directly owns 896,632 shares of the company’s stock, valued at $65,301,708.56. This trade represents a 15.92 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on NKE shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of NIKE from $92.00 to $82.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $80.00 price objective on shares of NIKE in a research report on Monday. BMO Capital Markets lifted their price objective on shares of NIKE from $92.00 to $95.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Truist Financial lowered their price objective on shares of NIKE from $97.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $110.00 price objective on shares of NIKE in a research report on Wednesday, February 12th. Fifteen investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $89.54.

NIKE Price Performance

NKE stock opened at $72.92 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. NIKE, Inc. has a one year low of $68.62 and a one year high of $101.92. The stock has a market cap of $107.86 billion, a PE ratio of 22.51, a P/E/G ratio of 2.52 and a beta of 1.02. The firm has a 50 day simple moving average of $74.76 and a two-hundred day simple moving average of $77.60.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The business had revenue of $12.35 billion during the quarter, compared to analysts’ expectations of $12.11 billion. During the same quarter in the previous year, the company earned $1.03 EPS. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. On average, analysts predict that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.19%. NIKE’s dividend payout ratio is presently 49.38%.

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.