Roxbury Financial LLC Invests $30,000 in NIKE, Inc. (NYSE:NKE)

Roxbury Financial LLC purchased a new position in shares of NIKE, Inc. (NYSE:NKE) in the fourth quarter, HoldingsChannel reports. The firm purchased 386 shares of the footwear maker’s stock, valued at approximately $30,000.

A number of other hedge funds have also modified their holdings of the business. Range Financial Group LLC acquired a new position in NIKE during the 4th quarter worth about $642,000. Cacti Asset Management LLC acquired a new position in NIKE during the 4th quarter worth about $9,987,000. Capricorn Fund Managers Ltd acquired a new position in NIKE during the 4th quarter worth about $5,384,000. Klein Pavlis & Peasley Financial Inc. lifted its stake in NIKE by 31.1% during the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 25,835 shares of the footwear maker’s stock worth $1,955,000 after acquiring an additional 6,124 shares in the last quarter. Finally, FNY Investment Advisers LLC lifted its stake in NIKE by 5,745.9% during the 4th quarter. FNY Investment Advisers LLC now owns 8,652 shares of the footwear maker’s stock worth $654,000 after acquiring an additional 8,504 shares in the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Trading Down 0.3 %

Shares of NKE stock opened at $73.02 on Friday. The business’s 50 day moving average is $74.46 and its two-hundred day moving average is $78.00. NIKE, Inc. has a twelve month low of $68.62 and a twelve month high of $107.34. The company has a market capitalization of $108.00 billion, a P/E ratio of 22.54, a price-to-earnings-growth ratio of 2.34 and a beta of 1.01. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.15. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company had revenue of $12.35 billion for the quarter, compared to the consensus estimate of $12.11 billion. During the same period last year, the business posted $1.03 EPS. The company’s revenue was down 7.7% on a year-over-year basis. Equities analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The business also recently announced 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 is Monday, March 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.19%. NIKE’s dividend payout ratio (DPR) is currently 49.38%.

Insider Buying and Selling at NIKE

In other NIKE news, Director John W. Rogers, Jr. purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were purchased at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the purchase, the director now directly owns 34,403 shares in the company, valued at $2,636,989.95. This represents a 7.84 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

NKE has been the topic of several research reports. DA Davidson raised NIKE to a “strong-buy” rating in a research note on Monday, December 23rd. Piper Sandler raised NIKE from a “neutral” rating to an “overweight” rating and increased their price target for the company from $72.00 to $90.00 in a research report on Friday, January 10th. Citigroup lowered NIKE from a “buy” rating to a “neutral” rating and reduced their price target for the company from $102.00 to $72.00 in a research report on Friday, February 7th. TD Cowen reduced their price target on NIKE from $78.00 to $73.00 and set a “hold” rating on the stock in a research report on Monday, November 18th. Finally, Stifel Nicolaus reduced their price target on NIKE from $79.00 to $75.00 and set a “hold” rating on the stock in a research report on Friday, December 20th. Fifteen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $88.62.

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.