Boston Family Office LLC Has $9.26 Million Stock Holdings in NIKE, Inc. $NKE

Boston Family Office LLC decreased its stake in shares of NIKE, Inc. (NYSE:NKE) by 3.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 130,387 shares of the footwear maker’s stock after selling 3,980 shares during the quarter. Boston Family Office LLC’s holdings in NIKE were worth $9,264,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in NKE. OMERS ADMINISTRATION Corp grew its stake in shares of NIKE by 6,482.2% in the second quarter. OMERS ADMINISTRATION Corp now owns 2,983,563 shares of the footwear maker’s stock valued at $211,952,000 after buying an additional 2,938,235 shares in the last quarter. Solidarity Wealth LLC raised its position in NIKE by 16.2% during the second quarter. Solidarity Wealth LLC now owns 94,792 shares of the footwear maker’s stock worth $6,771,000 after acquiring an additional 13,247 shares in the last quarter. Claret Asset Management Corp acquired a new stake in NIKE in the second quarter valued at $251,000. Edgestream Partners L.P. lifted its stake in NIKE by 83.6% in the second quarter. Edgestream Partners L.P. now owns 50,759 shares of the footwear maker’s stock valued at $3,606,000 after acquiring an additional 23,110 shares during the last quarter. Finally, Shelton Capital Management grew its position in shares of NIKE by 236.6% in the 2nd quarter. Shelton Capital Management now owns 107,801 shares of the footwear maker’s stock valued at $7,658,000 after acquiring an additional 75,775 shares during the period. Institutional investors own 64.25% of the company’s stock.

NIKE Price Performance

Shares of NYSE NKE opened at $64.84 on Monday. The firm has a market cap of $95.84 billion, a P/E ratio of 33.25, a price-to-earnings-growth ratio of 2.41 and a beta of 1.29. The business’s 50 day moving average is $66.53 and its 200-day moving average is $69.09. The company has a current ratio of 2.19, a quick ratio of 1.45 and a debt-to-equity ratio of 0.59. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $82.44.

NIKE (NYSE:NKE) last released its quarterly earnings results on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.22. NIKE had a return on equity of 21.16% and a net margin of 6.23%.The business had revenue of $11.72 billion during the quarter, compared to the consensus estimate of $10.96 billion. During the same period in the previous year, the company posted $0.70 EPS. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. Equities research analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 1st will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.5%. This is a boost from NIKE’s previous quarterly dividend of $0.40. The ex-dividend date is Monday, December 1st. NIKE’s dividend payout ratio is currently 84.10%.

Analysts Set New Price Targets

Several brokerages recently issued reports on NKE. KeyCorp set a $90.00 target price on shares of NIKE and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Piper Sandler set a $84.00 price objective on NIKE and gave the company an “overweight” rating in a research note on Wednesday, October 1st. Sanford C. Bernstein reiterated a “buy” rating and set a $90.00 target price on shares of NIKE in a research note on Monday, October 13th. Zacks Research raised NIKE from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 26th. Finally, Weiss Ratings cut NIKE from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, November 24th. Three analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $82.24.

Insider Activity at NIKE

In other NIKE news, EVP Treasure Heinle sold 4,300 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $71.27, for a total value of $306,461.00. Following the completion of the sale, the executive vice president owned 29,396 shares of the company’s stock, valued at $2,095,052.92. The trade was a 12.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jorgen Vig Knudstorp bought 16,150 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were acquired at an average price of $62.09 per share, for a total transaction of $1,002,753.50. Following the transaction, the director owned 21,388 shares in the company, valued at approximately $1,327,980.92. This represents a 308.32% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.80% of the stock is currently owned by corporate 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.