Staley Capital Advisers Inc. Acquires 200 Shares of NIKE, Inc. (NYSE:NKE)

Staley Capital Advisers Inc. grew its holdings in shares of NIKE, Inc. (NYSE:NKE) by 5.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 3,973 shares of the footwear maker’s stock after purchasing an additional 200 shares during the quarter. Staley Capital Advisers Inc.’s holdings in NIKE were worth $252,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of NKE. Vanguard Group Inc. grew its holdings in NIKE by 4.6% during the first quarter. Vanguard Group Inc. now owns 113,151,080 shares of the footwear maker’s stock worth $7,182,831,000 after buying an additional 4,957,494 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in NIKE by 344.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 26,698,835 shares of the footwear maker’s stock valued at $1,694,842,000 after purchasing an additional 20,688,013 shares during the period. Capital World Investors grew its stake in shares of NIKE by 10.3% during the 4th quarter. Capital World Investors now owns 24,545,937 shares of the footwear maker’s stock worth $1,857,389,000 after acquiring an additional 2,288,627 shares during the period. Bank of New York Mellon Corp grew its stake in shares of NIKE by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 20,988,207 shares of the footwear maker’s stock worth $1,332,331,000 after acquiring an additional 620,214 shares during the period. Finally, Northern Trust Corp grew its stake in shares of NIKE by 8.8% during the 4th quarter. Northern Trust Corp now owns 14,690,435 shares of the footwear maker’s stock worth $1,111,625,000 after acquiring an additional 1,183,641 shares during the period. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE Stock Down 0.2%

NKE stock opened at $74.17 on Monday. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $90.62. The business has a fifty day moving average price of $69.70 and a 200-day moving average price of $67.55. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 1.50. The stock has a market capitalization of $109.54 billion, a P/E ratio of 34.34, a P/E/G ratio of 2.70 and a beta of 1.27.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Thursday, June 26th. The footwear maker reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. NIKE had a return on equity of 23.33% and a net margin of 6.95%. The firm had revenue of $11.10 billion during the quarter, compared to analysts’ expectations of $10.69 billion. During the same quarter in the previous year, the business earned $0.99 earnings per share. The company’s revenue was down 11.9% on a year-over-year basis. Equities analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.2%. NIKE’s payout ratio is presently 74.07%.

Insider Activity at NIKE

In related news, Chairman Mark G. Parker sold 110,000 shares of NIKE stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total value of $7,951,900.00. Following the completion of the sale, the chairman owned 842,361 shares of the company’s stock, valued at $60,894,276.69. The trade was a 11.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on NKE shares. Wells Fargo & Company increased their price objective on NIKE from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 14th. Piper Sandler raised their price target on NIKE from $70.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, June 27th. Wall Street Zen lowered NIKE from a “hold” rating to a “sell” rating in a research report on Friday, June 27th. JPMorgan Chase & Co. upgraded NIKE from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $64.00 to $93.00 in a research report on Monday, July 28th. Finally, DZ Bank lowered NIKE from a “buy” rating to a “hold” rating and set a $76.00 price target on the stock. in a research report on Thursday, July 10th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.22.

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.