Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD Has $4.83 Million Holdings in NIKE, Inc. $NKE

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD raised its stake in shares of NIKE, Inc. (NYSE:NKE) by 107.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,111 shares of the footwear maker’s stock after buying an additional 35,731 shares during the quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s holdings in NIKE were worth $4,834,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC acquired a new position in NIKE in the second quarter valued at about $31,000. Guerra Advisors Inc bought a new position in shares of NIKE during the 3rd quarter valued at about $34,000. NewSquare Capital LLC lifted its holdings in shares of NIKE by 54.4% during the 2nd quarter. NewSquare Capital LLC now owns 732 shares of the footwear maker’s stock valued at $52,000 after purchasing an additional 258 shares in the last quarter. Field & Main Bank grew its position in shares of NIKE by 36.4% in the 2nd quarter. Field & Main Bank now owns 750 shares of the footwear maker’s stock valued at $53,000 after purchasing an additional 200 shares during the period. Finally, Financial Consulate Inc. bought a new stake in NIKE during the 3rd quarter worth approximately $57,000. 64.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Piper Sandler set a $75.00 price target on shares of NIKE and gave the company an “overweight” rating in a research note on Friday, December 19th. BNP Paribas Exane cut their price objective on shares of NIKE from $38.00 to $35.00 and set an “underperform” rating on the stock in a research report on Friday, December 19th. Raymond James Financial reiterated a “market perform” rating on shares of NIKE in a report on Monday, December 15th. Citigroup reissued a “neutral” rating and issued a $65.00 price target (down previously from $70.00) on shares of NIKE in a research note on Friday, December 19th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of NIKE in a research report on Wednesday, December 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $74.61.

Insider Activity

In other NIKE news, Director Jorgen Vig Knudstorp bought 16,150 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average cost of $62.09 per share, with a total value of $1,002,753.50. Following the acquisition, the director owned 21,388 shares of the company’s stock, valued at $1,327,980.92. The trade was a 308.32% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Elliott Hill purchased 16,388 shares of the company’s stock in a transaction that occurred on Monday, December 29th. The stock was acquired at an average price of $61.10 per share, for a total transaction of $1,001,306.80. Following the purchase, the chief executive officer owned 241,587 shares in the company, valued at $14,760,965.70. This trade represents a 7.28% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have acquired 91,229 shares of company stock valued at $5,452,640. 0.80% of the stock is owned by insiders.

NIKE Stock Down 1.9%

NKE stock opened at $60.99 on Wednesday. The company has a market cap of $90.28 billion, a price-to-earnings ratio of 35.87, a P/E/G ratio of 3.18 and a beta of 1.27. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $82.44. The business has a 50 day moving average price of $63.91 and a two-hundred day moving average price of $68.49. The company has a quick ratio of 1.40, a current ratio of 2.06 and a debt-to-equity ratio of 0.50.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, December 18th. The footwear maker reported $0.53 EPS for the quarter, beating the consensus estimate of $0.37 by $0.16. The company had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.19 billion. NIKE had a return on equity of 18.43% and a net margin of 5.43%.The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 EPS. Analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 1st were issued a dividend of $0.41 per share. The ex-dividend date was Monday, December 1st. This is an increase from NIKE’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a yield of 2.7%. NIKE’s dividend payout ratio is 96.47%.

NIKE Profile

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).