Wealthcare Advisory Partners LLC Purchases 4,111 Shares of NIKE, Inc. (NYSE:NKE)

Wealthcare Advisory Partners LLC grew its position in shares of NIKE, Inc. (NYSE:NKE) by 27.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,259 shares of the footwear maker’s stock after buying an additional 4,111 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in NIKE were worth $1,457,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NKE. Procyon Advisors LLC boosted its position in NIKE by 5.5% in the fourth quarter. Procyon Advisors LLC now owns 29,641 shares of the footwear maker’s stock worth $2,243,000 after purchasing an additional 1,541 shares during the last quarter. Everpar Advisors LLC boosted its holdings in shares of NIKE by 18.1% in the 4th quarter. Everpar Advisors LLC now owns 2,697 shares of the footwear maker’s stock worth $204,000 after buying an additional 413 shares during the last quarter. Tompkins Financial Corp grew its position in NIKE by 21.0% during the fourth quarter. Tompkins Financial Corp now owns 6,241 shares of the footwear maker’s stock valued at $472,000 after buying an additional 1,084 shares during the period. Empirical Asset Management LLC increased its holdings in NIKE by 487.6% during the fourth quarter. Empirical Asset Management LLC now owns 17,864 shares of the footwear maker’s stock worth $1,352,000 after buying an additional 14,824 shares during the last quarter. Finally, Eagle Rock Investment Company LLC raised its position in NIKE by 49.2% in the fourth quarter. Eagle Rock Investment Company LLC now owns 60,642 shares of the footwear maker’s stock worth $4,589,000 after acquiring an additional 19,991 shares during the period. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insider Activity

In related news, Director John W. Rogers, Jr. acquired 2,500 shares of the stock in a transaction on Friday, December 27th. The stock was purchased at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the transaction, the director now owns 34,403 shares of the company’s stock, valued at $2,636,989.95. This trade represents a 7.84 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

NIKE Stock Performance

Shares of NYSE NKE opened at $70.89 on Friday. The stock’s 50-day moving average is $75.77 and its 200 day moving average is $77.92. The stock has a market cap of $104.85 billion, a price-to-earnings ratio of 21.88, a P/E/G ratio of 2.26 and a beta of 1.02. NIKE, Inc. has a 1-year low of $70.32 and a 1-year high of $107.43. 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 quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.15. The firm had revenue of $12.35 billion during the quarter, compared to analyst estimates of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The business’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 EPS. On average, sell-side analysts anticipate that NIKE, Inc. will post 2.1 EPS for the current fiscal year.

NIKE Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were issued a $0.40 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.26%. This is an increase from NIKE’s previous quarterly dividend of $0.37. NIKE’s payout ratio is currently 49.38%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NKE. Truist Financial decreased their price target on shares of NIKE from $97.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, December 20th. Deutsche Bank Aktiengesellschaft lowered their target price on NIKE from $92.00 to $82.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. JPMorgan Chase & Co. cut their price target on NIKE from $77.00 to $73.00 and set a “neutral” rating for the company in a research note on Monday, December 2nd. Needham & Company LLC restated a “buy” rating and issued a $84.00 price objective on shares of NIKE in a research note on Friday, December 20th. Finally, TD Cowen cut their target price on shares of NIKE from $78.00 to $73.00 and set a “hold” rating for the company in a research report on Monday, November 18th. Fourteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $89.96.

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.