Kathmere Capital Management LLC Purchases 136 Shares of NIKE, Inc. (NYSE:NKE)

Kathmere Capital Management LLC boosted its position in NIKE, Inc. (NYSE:NKE) by 4.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,366 shares of the footwear maker’s stock after acquiring an additional 136 shares during the quarter. Kathmere Capital Management LLC’s holdings in NIKE were worth $316,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Iron Horse Wealth Management LLC boosted its stake in NIKE by 120.7% in the fourth quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock valued at $28,000 after buying an additional 140 shares in the last quarter. Planned Solutions Inc. acquired a new stake in shares of NIKE in the 4th quarter valued at approximately $29,000. True Wealth Design LLC grew its holdings in shares of NIKE by 106.4% during the 4th quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock valued at $32,000 after purchasing an additional 150 shares during the last quarter. Core Wealth Advisors Inc. increased its position in NIKE by 408.5% during the 4th quarter. Core Wealth Advisors Inc. now owns 300 shares of the footwear maker’s stock worth $33,000 after purchasing an additional 241 shares in the last quarter. Finally, Frank Rimerman Advisors LLC bought a new position in NIKE in the 4th quarter valued at approximately $33,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Stock Down 20.0 %

NIKE stock opened at $75.37 on Friday. The firm has a market capitalization of $113.76 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 1.43 and a beta of 1.05. The firm’s fifty day moving average price is $93.28 and its two-hundred day moving average price is $99.00. NIKE, Inc. has a 1-year low of $74.55 and a 1-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.

NIKE (NYSE:NKE) last announced its quarterly earnings results 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. The business had revenue of $12.60 billion for the quarter, compared to analysts’ expectations of $12.86 billion. NIKE had a net margin of 11.10% and a return on equity of 42.87%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 EPS. On average, equities research analysts predict that NIKE, Inc. will post 3.9 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Monday, June 3rd. NIKE’s payout ratio is currently 39.68%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NKE. KeyCorp reaffirmed a “sector weight” rating on shares of NIKE in a research note on Friday. The Goldman Sachs Group cut their price target on NIKE from $118.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday. Truist Financial dropped their price objective on shares of NIKE from $99.00 to $81.00 and set a “hold” rating for the company in a report on Friday. Wells Fargo & Company reduced their target price on shares of NIKE from $115.00 to $92.00 and set an “overweight” rating on the stock in a report on Friday. Finally, Barclays lowered shares of NIKE from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $109.00 to $80.00 in a report on Friday. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $98.96.

Insider Buying and Selling at NIKE

In other news, Chairman Mark G. Parker sold 168,378 shares of the stock in a transaction dated 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 completion of the sale, the chairman now owns 1,102,090 shares in the company, valued at $102,648,662.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Chairman Mark G. Parker sold 168,378 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $93.14, for a total transaction of $15,682,726.92. Following the completion of the sale, the chairman now directly owns 1,102,090 shares of the company’s stock, valued at $102,648,662.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Monique S. Matheson sold 45,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was 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 in the company, valued at approximately $4,236,917.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 213,660 shares of company stock worth $19,946,333. Corporate insiders own 0.50% of the company’s stock.

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.