19,258 Shares in NIKE, Inc. (NYSE:NKE) Bought by Live Oak Investment Partners

Live Oak Investment Partners bought a new stake in NIKE, Inc. (NYSE:NKE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,258 shares of the footwear maker’s stock, valued at approximately $1,457,000. NIKE comprises approximately 1.1% of Live Oak Investment Partners’ holdings, making the stock its 25th biggest holding.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NKE. Teachers Insurance & Annuity Association of America acquired a new stake in shares of NIKE during the 3rd quarter worth about $30,000. Caitlin John LLC increased its stake in NIKE by 117.0% in the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in NIKE during the fourth quarter worth approximately $28,000. Roxbury Financial LLC acquired a new stake in NIKE during the fourth quarter worth approximately $30,000. Finally, BankPlus Trust Department purchased a new stake in shares of NIKE during the 4th quarter worth approximately $34,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Price Performance

Shares of NYSE NKE opened at $77.36 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. NIKE, Inc. has a one year low of $68.62 and a one year high of $102.49. The firm has a market capitalization of $114.43 billion, a P/E ratio of 23.88, a PEG ratio of 2.52 and a beta of 1.01. The company’s fifty day moving average is $74.68 and its two-hundred day moving average is $78.25.

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 for the quarter, compared to the consensus estimate of $12.11 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. The firm’s revenue was down 7.7% on a year-over-year basis. Analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE’s payout ratio is currently 49.38%.

Insider Activity at NIKE

In related news, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $72.83, for a total value of $12,361,581.56. Following the sale, the chairman now directly owns 896,632 shares of the company’s stock, valued at approximately $65,301,708.56. This represents a 15.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John W. Rogers, Jr. bought 2,500 shares of the business’s stock in a transaction on Friday, December 27th. The shares were acquired at an average price of $76.65 per share, with a total value of $191,625.00. Following the transaction, the director now owns 34,403 shares of the company’s stock, valued at $2,636,989.95. The trade was a 7.84 % increase in their position. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NKE. Barclays dropped their target price on shares of NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Jefferies Financial Group raised NIKE from a “hold” rating to a “buy” rating and raised their price objective for the stock from $75.00 to $115.00 in a report on Monday, February 24th. Truist Financial reduced their target price on NIKE from $97.00 to $90.00 and set a “buy” rating for the company in a report on Friday, December 20th. Telsey Advisory Group restated a “market perform” rating and set a $80.00 price target on shares of NIKE in a research note on Wednesday, February 19th. Finally, Guggenheim reiterated a “buy” rating and issued a $110.00 price objective on shares of NIKE in a research note on Wednesday, February 12th. Fourteen investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $89.77.

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.