EP Wealth Advisors LLC Purchases 250,815 Shares of NIKE, Inc. (NYSE:NKE)

EP Wealth Advisors LLC lifted its stake in NIKE, Inc. (NYSE:NKEFree Report) by 792.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 282,481 shares of the footwear maker’s stock after purchasing an additional 250,815 shares during the quarter. EP Wealth Advisors LLC’s holdings in NIKE were worth $30,669,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital International Investors lifted its stake in shares of NIKE by 34.9% during the 4th quarter. Capital International Investors now owns 27,609,613 shares of the footwear maker’s stock worth $2,997,628,000 after purchasing an additional 7,143,775 shares during the period. FMR LLC grew its stake in NIKE by 0.7% in the third quarter. FMR LLC now owns 18,502,409 shares of the footwear maker’s stock worth $1,769,200,000 after purchasing an additional 125,746 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in NIKE by 87.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,135,431 shares of the footwear maker’s stock worth $1,860,395,000 after purchasing an additional 7,996,434 shares in the last quarter. Northern Trust Corp grew its stake in NIKE by 4.5% in the third quarter. Northern Trust Corp now owns 15,557,676 shares of the footwear maker’s stock worth $1,487,625,000 after purchasing an additional 674,198 shares in the last quarter. Finally, Norges Bank acquired a new position in NIKE in the fourth quarter worth about $1,315,097,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Chairman Mark G. Parker sold 168,378 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $93.14, for a total value of $15,682,726.92. Following the transaction, the chairman now owns 1,102,090 shares in the company, valued at approximately $102,648,662.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Johanna Nielsen sold 282 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $93.64, for a total transaction of $26,406.48. Following the transaction, the vice president now owns 730 shares in the company, valued at approximately $68,357.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Mark G. Parker sold 168,378 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $93.14, for a total transaction of $15,682,726.92. Following the transaction, the chairman now owns 1,102,090 shares in the company, valued at approximately $102,648,662.60. The disclosure for this sale can be found here. Insiders have sold 213,660 shares of company stock valued at $19,946,333 in the last ninety days. 0.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NKE. Evercore ISI decreased their price target on NIKE from $127.00 to $117.00 and set an “outperform” rating for the company in a research note on Friday, March 22nd. Sanford C. Bernstein decreased their price target on NIKE from $134.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, March 22nd. Truist Financial reissued a “hold” rating and issued a $111.00 target price on shares of NIKE in a report on Tuesday, March 19th. Wedbush reissued an “outperform” rating and issued a $115.00 target price on shares of NIKE in a report on Tuesday, April 30th. Finally, Morgan Stanley cut their target price on shares of NIKE from $124.00 to $116.00 and set an “overweight” rating on the stock in a report on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $115.59.

View Our Latest Stock Report on NIKE

NIKE Trading Down 0.8 %

NKE traded down $0.79 during trading on Friday, reaching $93.39. 7,426,757 shares of the company’s stock were exchanged, compared to its average volume of 8,421,531. NIKE, Inc. has a one year low of $88.66 and a one year high of $123.39. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $140.96 billion, a PE ratio of 27.47, a price-to-earnings-growth ratio of 1.70 and a beta of 1.05. The firm has a fifty day moving average price of $93.14 and a two-hundred day moving average price of $100.52.

NIKE (NYSE:NKEGet Free Report) last posted its earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. NIKE had a net margin of 10.14% and a return on equity of 39.41%. The firm had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.28 billion. As a group, equities research analysts forecast that NIKE, Inc. will post 3.76 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Monday, June 3rd. NIKE’s payout ratio is 43.53%.

NIKE Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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