Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $1.73 Million Stock Holdings in NIKE, Inc. (NYSE:NKE)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of NIKE, Inc. (NYSE:NKE) by 13.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,444 shares of the footwear maker’s stock after acquiring an additional 2,137 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in NIKE were worth $1,733,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in NKE. Piscataqua Savings Bank grew its position in NIKE by 2.1% during the 4th quarter. Piscataqua Savings Bank now owns 4,861 shares of the footwear maker’s stock valued at $528,000 after purchasing an additional 100 shares during the last quarter. Physicians Financial Services Inc. boosted its holdings in shares of NIKE by 0.6% during the 4th quarter. Physicians Financial Services Inc. now owns 16,077 shares of the footwear maker’s stock valued at $1,745,000 after acquiring an additional 100 shares during the last quarter. ZWJ Investment Counsel Inc. boosted its holdings in shares of NIKE by 4.0% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 2,599 shares of the footwear maker’s stock valued at $282,000 after acquiring an additional 100 shares during the last quarter. Kornitzer Capital Management Inc. KS boosted its holdings in shares of NIKE by 0.4% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 25,568 shares of the footwear maker’s stock valued at $2,776,000 after acquiring an additional 100 shares during the last quarter. Finally, Claro Advisors LLC boosted its holdings in shares of NIKE by 0.8% during the 4th quarter. Claro Advisors LLC now owns 12,227 shares of the footwear maker’s stock valued at $1,327,000 after acquiring an additional 101 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Price Performance

Shares of NIKE stock traded up $0.03 on Friday, hitting $73.42. 14,527,522 shares of the company traded hands, compared to its average volume of 21,321,846. The stock has a market capitalization of $110.82 billion, a P/E ratio of 19.69, a price-to-earnings-growth ratio of 1.88 and a beta of 1.01. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.69 and a current ratio of 2.40. NIKE, Inc. has a 52 week low of $71.67 and a 52 week high of $123.39. The business has a 50-day simple moving average of $89.52 and a 200 day simple moving average of $96.07.

NIKE (NYSE:NKE) last posted its earnings results on Thursday, June 27th. The footwear maker reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.16. NIKE had a net margin of 11.10% and a return on equity of 42.63%. The firm had revenue of $12.60 billion during the quarter, compared to analyst estimates of $12.86 billion. During the same period last year, the firm posted $0.66 earnings per share. NIKE’s revenue for the quarter was down 1.6% compared to the same quarter last year. Research analysts expect that NIKE, Inc. will post 3.17 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Monday, June 3rd were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend was Monday, June 3rd. NIKE’s dividend payout ratio (DPR) is presently 39.68%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. HSBC dropped their price target on shares of NIKE from $100.00 to $90.00 and set a “hold” rating on the stock in a report on Friday, June 28th. Williams Trading reaffirmed a “sell” rating and set a $85.00 price target (down previously from $92.00) on shares of NIKE in a report on Monday, March 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $83.00 price target (down previously from $116.00) on shares of NIKE in a report on Friday, June 28th. Piper Sandler dropped their price target on shares of NIKE from $107.00 to $98.00 and set a “neutral” rating on the stock in a report on Friday, March 22nd. Finally, BMO Capital Markets dropped their price objective on shares of NIKE from $118.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, June 28th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $96.44.

Insider Activity at NIKE

In related news, EVP Monique S. Matheson sold 45,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $94.16, for a total value of $4,237,200.00. Following the completion of the transaction, the executive vice president now directly owns 44,997 shares of the company’s stock, valued at $4,236,917.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other NIKE news, Chairman Mark G. Parker sold 168,378 shares of NIKE 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 completion of the transaction, the chairman now directly owns 1,102,090 shares of the company’s stock, valued at $102,648,662.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Monique S. Matheson sold 45,000 shares of NIKE 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 of the company’s stock, valued at $4,236,917.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 213,660 shares of company stock valued at $19,946,333. 0.50% of the stock is owned by corporate insiders.

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.