Everpar Advisors LLC Invests $302,000 in NIKE, Inc. (NYSE:NKE)

Everpar Advisors LLC bought a new position in NIKE, Inc. (NYSE:NKE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,778 shares of the footwear maker’s stock, valued at approximately $302,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Gryphon Financial Partners LLC lifted its holdings in shares of NIKE by 34.6% in the fourth quarter. Gryphon Financial Partners LLC now owns 11,598 shares of the footwear maker’s stock worth $1,259,000 after acquiring an additional 2,981 shares during the last quarter. Moss Adams Wealth Advisors LLC lifted its holdings in shares of NIKE by 12.1% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 5,753 shares of the footwear maker’s stock worth $626,000 after acquiring an additional 620 shares during the last quarter. Pacific Capital Wealth Advisors Inc. bought a new position in shares of NIKE in the fourth quarter worth about $196,000. Palisade Asset Management LLC increased its stake in shares of NIKE by 1.4% in the fourth quarter. Palisade Asset Management LLC now owns 42,437 shares of the footwear maker’s stock valued at $4,607,000 after buying an additional 579 shares during the period. Finally, Northern Financial Advisors Inc increased its stake in shares of NIKE by 109.0% in the fourth quarter. Northern Financial Advisors Inc now owns 13,833 shares of the footwear maker’s stock valued at $1,502,000 after buying an additional 7,214 shares during the period. Institutional investors own 64.25% of the company’s stock.

NIKE Stock Down 0.2 %

Shares of NKE traded down $0.19 during trading hours on Wednesday, reaching $93.59. The stock had a trading volume of 5,372,445 shares, compared to its average volume of 9,174,146. NIKE, Inc. has a 12 month low of $88.66 and a 12 month high of $126.46. The firm has a 50-day simple moving average of $95.28 and a 200 day simple moving average of $102.91. 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 company has a market capitalization of $141.26 billion, a price-to-earnings ratio of 27.53, a P/E/G ratio of 1.78 and a beta of 1.07.

NIKE (NYSE:NKE) last issued its earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. NIKE had a return on equity of 39.41% and a net margin of 10.14%. The company had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $12.28 billion. Equities research analysts predict that NIKE, Inc. will post 3.73 earnings per share for the current fiscal year.

NIKE Dividend Announcement

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

Insider Buying and Selling at NIKE

In other NIKE news, EVP Monique S. Matheson sold 45,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $94.16, for a total transaction of $4,237,200.00. Following the transaction, the executive vice president now directly owns 44,997 shares in the company, valued at approximately $4,236,917.52. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on NKE. Piper Sandler lowered their price objective on NIKE from $107.00 to $98.00 and set a “neutral” rating for the company in a research note on Friday, March 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $100.00 price objective (down previously from $110.00) on shares of NIKE in a research note on Friday, March 22nd. Williams Trading reaffirmed a “sell” rating and issued a $85.00 price objective (down previously from $92.00) on shares of NIKE in a research note on Monday, March 18th. UBS Group lowered their price objective on NIKE from $138.00 to $125.00 and set a “buy” rating for the company in a research note on Friday, March 22nd. Finally, Barclays decreased their target price on shares of NIKE from $142.00 to $114.00 and set an “overweight” rating for the company in a research report on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $116.26.

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.