Keel Point LLC Buys 788 Shares of NIKE, Inc. (NYSE:NKE)

Keel Point LLC lifted its stake in shares of NIKE, Inc. (NYSE:NKE) by 20.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,700 shares of the footwear maker’s stock after purchasing an additional 788 shares during the quarter. Keel Point LLC’s holdings in NIKE were worth $356,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NKE. LGT Financial Advisors LLC acquired a new stake in shares of NIKE during the fourth quarter valued at about $95,000. One68 Global Capital LLC acquired a new stake in NIKE during the 4th quarter worth approximately $1,324,000. Rehmann Capital Advisory Group grew its holdings in NIKE by 57.8% during the 4th quarter. Rehmann Capital Advisory Group now owns 10,344 shares of the footwear maker’s stock worth $783,000 after acquiring an additional 3,789 shares during the last quarter. Triumph Capital Management bought a new position in shares of NIKE during the fourth quarter valued at $215,000. Finally, Becker Capital Management Inc. lifted its holdings in shares of NIKE by 1.0% during the fourth quarter. Becker Capital Management Inc. now owns 440,771 shares of the footwear maker’s stock worth $33,523,000 after purchasing an additional 4,184 shares during the period. Institutional investors own 64.25% of the company’s stock.

Insider Transactions at NIKE

In other NIKE news, Director Robert Holmes Swan bought 8,600 shares of NIKE stock in a transaction dated Friday, April 4th. The stock was purchased at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the purchase, the director now directly owns 31,983 shares of the company’s stock, valued at approximately $1,869,726.18. This trade represents a 36.78 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Mark G. Parker sold 169,732 shares of the company’s stock in a transaction that occurred 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 sale, the chairman now owns 896,632 shares in the company, valued at $65,301,708.56. The trade was a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

NKE has been the subject of several analyst reports. Truist Financial lowered their target price on NIKE from $90.00 to $82.00 and set a “buy” rating for the company in a research report on Friday, March 21st. JPMorgan Chase & Co. cut their price objective on NIKE from $73.00 to $64.00 and set a “neutral” rating on the stock in a research note on Friday, March 21st. The Goldman Sachs Group decreased their target price on shares of NIKE from $88.00 to $72.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Robert W. Baird decreased their price objective on shares of NIKE from $105.00 to $99.00 and set an “outperform” rating for the company in a research report on Friday, March 21st. Finally, Jefferies Financial Group upgraded shares of NIKE from a “hold” rating to a “buy” rating and boosted their target price for the company from $75.00 to $115.00 in a report on Monday, February 24th. Seventeen investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, NIKE currently has an average rating of “Moderate Buy” and a consensus target price of $81.15.

NIKE Trading Up 3.3 %

NYSE NKE opened at $58.65 on Friday. The stock has a market capitalization of $86.75 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 2.52 and a beta of 1.15. The business’s fifty day moving average is $64.63 and its 200-day moving average is $72.16. 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 $52.28 and a one year high of $98.04.

NIKE (NYSE:NKE) last released its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.26. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $11.02 billion. During the same period in the previous year, the company earned $0.98 earnings per share. The company’s quarterly revenue was down 9.1% on a year-over-year basis. Equities research analysts predict that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be paid a $0.40 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.73%. NIKE’s payout ratio is presently 53.16%.

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.