NIKE, Inc. (NYSE:NKE) Shares Purchased by Level Four Advisory Services LLC

Level Four Advisory Services LLC raised its position in NIKE, Inc. (NYSE:NKE) by 19.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,751 shares of the footwear maker’s stock after purchasing an additional 2,619 shares during the quarter. Level Four Advisory Services LLC’s holdings in NIKE were worth $1,192,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of NIKE by 35.6% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 104,300 shares of the footwear maker’s stock worth $9,220,000 after purchasing an additional 27,400 shares in the last quarter. Public Sector Pension Investment Board grew its stake in NIKE by 9.7% in the third quarter. Public Sector Pension Investment Board now owns 51,000 shares of the footwear maker’s stock valued at $4,508,000 after purchasing an additional 4,500 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of NIKE by 0.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 509,831 shares of the footwear maker’s stock valued at $45,074,000 after purchasing an additional 4,131 shares in the last quarter. PDT Partners LLC bought a new stake in shares of NIKE during the 3rd quarter worth about $229,000. Finally, L.M. Kohn & Company increased its holdings in shares of NIKE by 2.5% during the 3rd quarter. L.M. Kohn & Company now owns 9,028 shares of the footwear maker’s stock valued at $798,000 after acquiring an additional 223 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Stock Performance

Shares of NYSE:NKE opened at $63.32 on Friday. The firm has a fifty day simple moving average of $74.16 and a two-hundred day simple moving average of $76.93. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 52 week low of $63.14 and a 52 week high of $98.04. The stock has a market capitalization of $93.65 billion, a P/E ratio of 19.54, a PEG ratio of 2.52 and a beta of 1.02.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.26. The company had revenue of $11.27 billion for the quarter, compared to analyst estimates of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. NIKE’s revenue was down 9.1% compared to the same quarter last year. During the same period last year, the company posted $0.98 earnings per share. On average, analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Monday, March 3rd. NIKE’s payout ratio is 53.16%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Barclays lowered their target price on shares of NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Truist Financial dropped their target price on shares of NIKE from $90.00 to $82.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Robert W. Baird reduced their target price on shares of NIKE from $105.00 to $99.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. Evercore ISI cut their price target on NIKE from $105.00 to $97.00 and set an “outperform” rating for the company in a report on Monday, December 16th. Finally, Royal Bank of Canada decreased their price objective on NIKE from $67.00 to $66.00 and set a “sector perform” rating on the stock in a report on Friday, March 21st. Fifteen 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 stock. According to data from MarketBeat, NIKE presently has an average rating of “Moderate Buy” and a consensus target price of $87.38.

Insider Buying and Selling

In related news, Chairman Mark G. Parker sold 169,732 shares of NIKE stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $72.83, for a total value of $12,361,581.56. Following the completion of the sale, the chairman now directly owns 896,632 shares in the company, valued at $65,301,708.56. This trade represents a 15.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently owned by company insiders.

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.