Verde Servicos Internacionais S.A. Has $8.92 Million Stock Position in NIKE, Inc. (NYSE:NKE)

Verde Servicos Internacionais S.A. boosted its stake in shares of NIKE, Inc. (NYSE:NKE) by 88.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 117,903 shares of the footwear maker’s stock after purchasing an additional 55,202 shares during the quarter. NIKE comprises 3.8% of Verde Servicos Internacionais S.A.’s holdings, making the stock its 13th largest position. Verde Servicos Internacionais S.A.’s holdings in NIKE were worth $8,922,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Teachers Insurance & Annuity Association of America bought a new position in NIKE during the 3rd quarter valued at about $30,000. VitalStone Financial LLC grew its position in NIKE by 52.6% during the 3rd quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock worth $38,000 after acquiring an additional 150 shares during the last quarter. Dunhill Financial LLC increased its holdings in NIKE by 52.2% during the 3rd quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker’s stock valued at $44,000 after purchasing an additional 169 shares in the last quarter. Riverview Trust Co bought a new position in NIKE in the 3rd quarter valued at $52,000. Finally, Catalyst Capital Advisors LLC acquired a new position in NIKE in the third quarter worth $54,000. 64.25% of the stock is owned by institutional investors.

NIKE Trading Up 2.9 %

NYSE:NKE opened at $75.69 on Tuesday. The company has a market cap of $111.96 billion, a P/E ratio of 23.36, a price-to-earnings-growth ratio of 2.36 and a beta of 1.02. NIKE, Inc. has a twelve month low of $70.32 and a twelve month high of $107.43. The business has a 50 day moving average price of $75.45 and a two-hundred day moving average price of $77.94. 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 (NYSE:NKE) last released its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, beating 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 the consensus estimate of $12.11 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The firm’s revenue for the quarter was down 7.7% compared to the same quarter last year. As a group, analysts expect that NIKE, Inc. will post 2.1 EPS for the current fiscal year.

NIKE Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date was Monday, December 2nd. This is an increase from NIKE’s previous quarterly dividend of $0.37. NIKE’s dividend payout ratio (DPR) is 49.38%.

Insider Activity

In other NIKE news, Director John W. Rogers, Jr. acquired 2,500 shares of the business’s stock in a transaction on Friday, December 27th. The stock was purchased at an average price of $76.65 per share, with a total value of $191,625.00. Following the acquisition, the director now directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NKE. 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. Evercore ISI reduced their target price on shares of NIKE from $105.00 to $97.00 and set an “outperform” rating on the stock in a research report on Monday, December 16th. Wells Fargo & Company lowered their price target on shares of NIKE from $95.00 to $92.00 and set an “overweight” rating for the company in a report on Monday, December 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $84.00 price objective on shares of NIKE in a report on Friday, December 20th. Finally, Robert W. Baird cut their price target on NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Monday, December 23rd. 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $89.96.

About NIKE

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.