Ascent Wealth Partners LLC Acquires 415 Shares of NIKE, Inc. (NYSE:NKE)

Ascent Wealth Partners LLC grew its holdings in NIKE, Inc. (NYSE:NKE) by 10.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,436 shares of the footwear maker’s stock after purchasing an additional 415 shares during the quarter. Ascent Wealth Partners LLC’s holdings in NIKE were worth $336,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NKE. Heck Capital Advisors LLC bought a new position in NIKE during the 4th quarter worth approximately $28,000. Caitlin John LLC boosted its stake in NIKE by 117.0% during the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock worth $28,000 after acquiring an additional 200 shares during the last quarter. Teachers Insurance & Annuity Association of America bought a new position in NIKE during the 3rd quarter worth approximately $30,000. Roxbury Financial LLC bought a new position in NIKE during the 4th quarter worth approximately $30,000. Finally, Bank of Jackson Hole Trust bought a new position in NIKE during the 4th quarter worth approximately $43,000. Institutional investors own 64.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on NKE shares. Piper Sandler raised shares of NIKE from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $72.00 to $90.00 in a research note on Friday, January 10th. TD Cowen cut their price target on shares of NIKE from $78.00 to $73.00 and set a “hold” rating on the stock in a research note on Monday, November 18th. JPMorgan Chase & Co. cut their price target on shares of NIKE from $77.00 to $73.00 and set a “neutral” rating on the stock in a research note on Monday, December 2nd. Morgan Stanley cut their price target on shares of NIKE from $80.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Finally, Barclays cut their price target on shares of NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Fifteen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $88.62.

Insider Activity

In other NIKE news, Director John W. Rogers, Jr. bought 2,500 shares of NIKE stock in a transaction dated Friday, December 27th. The stock was bought at an average price of $76.65 per share, with a total value of $191,625.00. Following the completion of the transaction, the director now owns 34,403 shares in the company, valued at $2,636,989.95. The trade was a 7.84 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the business’s stock in a transaction dated 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 completion of the sale, the chairman now directly owns 896,632 shares of the company’s stock, valued at approximately $65,301,708.56. The trade was a 15.92 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

NIKE Trading Down 0.9 %

NKE stock opened at $76.50 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The company has a fifty day moving average price of $74.31 and a two-hundred day moving average price of $78.13. NIKE, Inc. has a one year low of $68.62 and a one year high of $106.62. The stock has a market cap of $113.15 billion, a price-to-earnings ratio of 23.61, a price-to-earnings-growth ratio of 2.52 and a beta of 1.01.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm had revenue of $12.35 billion during the quarter, compared to analysts’ expectations of $12.11 billion. During the same period in the previous year, the business posted $1.03 earnings per share. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. Equities analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd will be given a dividend of $0.40 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.09%. NIKE’s dividend payout ratio (DPR) is 49.38%.

About NIKE

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.