Solidarity Wealth LLC boosted its stake in shares of NIKE, Inc. (NYSE:NKE – Free Report) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,159 shares of the footwear maker’s stock after acquiring an additional 1,521 shares during the quarter. NIKE comprises about 1.5% of Solidarity Wealth LLC’s investment portfolio, making the stock its 23rd biggest position. Solidarity Wealth LLC’s holdings in NIKE were worth $5,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently added to or reduced their stakes in NKE. Garrison Point Advisors LLC raised its holdings in NIKE by 1.9% in the 3rd quarter. Garrison Point Advisors LLC now owns 6,704 shares of the footwear maker’s stock valued at $593,000 after acquiring an additional 126 shares during the last quarter. Stephens Consulting LLC raised its holdings in NIKE by 20.0% in the 3rd quarter. Stephens Consulting LLC now owns 768 shares of the footwear maker’s stock valued at $68,000 after acquiring an additional 128 shares during the last quarter. PSI Advisors LLC raised its holdings in NIKE by 26.3% in the 3rd quarter. PSI Advisors LLC now owns 624 shares of the footwear maker’s stock valued at $55,000 after acquiring an additional 130 shares during the last quarter. Chapin Davis Inc. raised its holdings in NIKE by 1.2% in the 3rd quarter. Chapin Davis Inc. now owns 11,430 shares of the footwear maker’s stock valued at $1,010,000 after acquiring an additional 133 shares during the last quarter. Finally, Meridian Financial Partners LLC raised its holdings in NIKE by 1.6% in the 3rd quarter. Meridian Financial Partners LLC now owns 8,396 shares of the footwear maker’s stock valued at $742,000 after acquiring an additional 133 shares during the last quarter. 64.25% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, Director John W. Rogers, Jr. acquired 2,500 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were purchased at an average price of $76.65 per share, with a total value of $191,625.00. Following the completion of the acquisition, the director now owns 34,403 shares in the company, valued at approximately $2,636,989.95. This represents a 7.84 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by insiders.
Analyst Ratings Changes
NIKE Trading Down 0.3 %
Shares of NIKE stock opened at $70.89 on Tuesday. NIKE, Inc. has a 52-week low of $70.32 and a 52-week high of $107.43. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The company’s 50-day simple moving average is $75.77 and its 200-day simple moving average is $77.95. The firm has a market cap of $104.85 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 2.25 and a beta of 1.02.
NIKE (NYSE:NKE – Get Free Report) last issued its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.15. The business had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.11 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The business’s revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.03 earnings per share. As a group, equities research analysts anticipate that NIKE, Inc. will post 2.1 earnings per share for the current year.
NIKE Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were issued a dividend of $0.40 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.26%. This is an increase from NIKE’s previous quarterly dividend of $0.37. NIKE’s payout ratio is currently 49.38%.
NIKE Company 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.
Further Reading
- Five stocks we like better than NIKE
- The Significance of Brokerage Rankings in Stock Selection
- 3 Dividend Stocks Rewarding Investors With Buybacks
- There Are Different Types of Stock To Invest In
- Tech Titans in Chips: 3 Semiconductor Stocks Worth Buying Now
- Upcoming IPO Stock Lockup Period, Explained
- Why SoundHound AI’s Setback Could Be a Buying Opportunity
Receive News & Ratings for NIKE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NIKE and related companies with MarketBeat.com's FREE daily email newsletter.