Wormser Freres Gestion Acquires 288 Shares of NIKE, Inc. (NYSE:NKE)

Wormser Freres Gestion boosted its position in NIKE, Inc. (NYSE:NKE) by 0.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,841 shares of the footwear maker’s stock after buying an additional 288 shares during the quarter. NIKE makes up about 3.1% of Wormser Freres Gestion’s holdings, making the stock its 18th largest position. Wormser Freres Gestion’s holdings in NIKE were worth $5,240,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of NKE. Heck Capital Advisors LLC purchased a new stake in NIKE in the fourth quarter worth $28,000. Caitlin John LLC increased its position in NIKE by 117.0% in the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock worth $28,000 after buying an additional 200 shares during the last quarter. Roxbury Financial LLC purchased a new stake in NIKE in the fourth quarter worth $30,000. LFA Lugano Financial Advisors SA increased its position in NIKE by 110.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock worth $30,000 after buying an additional 210 shares during the last quarter. Finally, Hopwood Financial Services Inc. purchased a new stake in NIKE in the fourth quarter worth $30,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NIKE

In other news, Director Robert Holmes Swan bought 8,600 shares of NIKE stock in a transaction on Friday, April 4th. The shares were purchased at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the acquisition, the director now owns 31,983 shares of the company’s stock, valued at approximately $1,869,726.18. The trade was a 36.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.

NIKE Trading Down 2.1%

NYSE NKE opened at $60.02 on Friday. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $98.04. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The stock has a 50-day moving average of $59.88 and a 200-day moving average of $70.18. The firm has a market cap of $88.78 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23.

NIKE (NYSE:NKE) last released its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.26. The company had revenue of $11.27 billion during the quarter, compared to analyst estimates of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. NIKE’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 EPS. As a group, sell-side analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Monday, June 2nd. NIKE’s payout ratio is 53.16%.

Analysts Set New Price Targets

NKE has been the subject of a number of recent research reports. Royal Bank of Canada decreased their target price on NIKE from $66.00 to $65.00 and set a “sector perform” rating for the company in a research report on Tuesday. Truist Financial reduced their price target on NIKE from $90.00 to $82.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Barclays reduced their price target on NIKE from $70.00 to $60.00 and set an “equal weight” rating for the company in a research report on Monday, May 12th. Bank of America reduced their price target on NIKE from $90.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. reduced their price target on NIKE from $64.00 to $56.00 and set a “neutral” rating for the company in a research report on Monday, May 5th. Seventeen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $80.26.

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.