2,141 Shares in NIKE, Inc. (NYSE:NKE) Bought by Crewe Advisors LLC

Crewe Advisors LLC bought a new position in NIKE, Inc. (NYSE:NKE) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,141 shares of the footwear maker’s stock, valued at approximately $201,000.

Other hedge funds have also modified their holdings of the company. Iron Horse Wealth Management LLC grew its holdings in shares of NIKE by 120.7% in the 4th quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock worth $28,000 after acquiring an additional 140 shares during the last quarter. Annapolis Financial Services LLC grew its holdings in shares of NIKE by 440.0% during the first quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker’s stock valued at $25,000 after buying an additional 220 shares in the last quarter. Planned Solutions Inc. purchased a new position in shares of NIKE during the fourth quarter valued at $29,000. True Wealth Design LLC grew its holdings in shares of NIKE by 106.4% during the fourth quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock valued at $32,000 after buying an additional 150 shares in the last quarter. Finally, Core Wealth Advisors Inc. grew its holdings in shares of NIKE by 408.5% during the fourth quarter. Core Wealth Advisors Inc. now owns 300 shares of the footwear maker’s stock valued at $33,000 after buying an additional 241 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wedbush lowered their price target on NIKE from $115.00 to $97.00 and set an “outperform” rating on the stock in a report on Friday, June 28th. Oppenheimer reaffirmed an “outperform” rating and issued a $120.00 price target on shares of NIKE in a research report on Friday, June 28th. Robert W. Baird reduced their price target on NIKE from $125.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, June 28th. TD Cowen reduced their price target on NIKE from $75.00 to $71.00 and set a “hold” rating for the company in a research report on Thursday. Finally, The Goldman Sachs Group reduced their price target on NIKE from $118.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, June 28th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, NIKE currently has an average rating of “Hold” and an average price target of $96.30.

Insider Transactions at NIKE

In other news, Chairman Mark G. Parker sold 110,000 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $72.97, for a total value of $8,026,700.00. Following the transaction, the chairman now directly owns 1,102,090 shares of the company’s stock, valued at approximately $80,419,507.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $72.97, for a total value of $8,026,700.00. Following the transaction, the chairman now directly owns 1,102,090 shares in the company, valued at approximately $80,419,507.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Monique S. Matheson sold 45,000 shares of the 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 owns 44,997 shares in the company, valued at $4,236,917.52. The disclosure for this sale can be found here. Insiders have sold 323,660 shares of company stock valued at $27,973,033 in the last three months. 0.50% of the stock is owned by corporate insiders.

NIKE Price Performance

Shares of NKE stock traded up $0.34 during trading hours on Thursday, hitting $71.43. The company had a trading volume of 13,849,987 shares, compared to its average volume of 11,484,656. NIKE, Inc. has a 12 month low of $70.91 and a 12 month high of $123.39. The firm has a market capitalization of $107.81 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 1.91 and a beta of 1.01. The firm’s fifty day moving average is $85.90 and its 200 day moving average is $93.96. 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 (NYSE:NKE) last released its quarterly earnings data on Thursday, June 27th. The footwear maker reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.16. NIKE had a return on equity of 42.63% and a net margin of 11.10%. The company had revenue of $12.60 billion for the quarter, compared to analyst estimates of $12.86 billion. During the same period in the prior year, the company posted $0.66 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. On average, sell-side analysts predict that NIKE, Inc. will post 3.12 EPS for the current fiscal year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 3rd were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Monday, June 3rd. NIKE’s payout ratio is currently 39.68%.

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.