Kathmere Capital Management LLC Acquires 2,037 Shares of NIKE, Inc. (NYSE:NKE)

Kathmere Capital Management LLC lifted its position in shares of NIKE, Inc. (NYSE:NKE) by 60.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,403 shares of the footwear maker’s stock after purchasing an additional 2,037 shares during the quarter. Kathmere Capital Management LLC’s holdings in NIKE were worth $407,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Kampmann Melissa S. boosted its position in shares of NIKE by 0.8% during the fourth quarter. Kampmann Melissa S. now owns 15,050 shares of the footwear maker’s stock valued at $1,634,000 after purchasing an additional 115 shares in the last quarter. Ascent Wealth Partners LLC boosted its position in shares of NIKE by 0.4% during the first quarter. Ascent Wealth Partners LLC now owns 28,513 shares of the footwear maker’s stock valued at $2,680,000 after purchasing an additional 115 shares in the last quarter. Condor Capital Management boosted its position in shares of NIKE by 0.4% during the first quarter. Condor Capital Management now owns 26,079 shares of the footwear maker’s stock valued at $2,451,000 after purchasing an additional 116 shares in the last quarter. Bell Investment Advisors Inc boosted its position in shares of NIKE by 4.7% during the fourth quarter. Bell Investment Advisors Inc now owns 2,610 shares of the footwear maker’s stock valued at $283,000 after purchasing an additional 118 shares in the last quarter. Finally, Lodestone Wealth Management LLC boosted its position in shares of NIKE by 5.5% during the first quarter. Lodestone Wealth Management LLC now owns 2,248 shares of the footwear maker’s stock valued at $211,000 after purchasing an additional 118 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Chairman Mark G. Parker sold 52,487 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total value of $4,093,986.00. Following the sale, the chairman now directly owns 1,031,226 shares in the company, valued at $80,435,628. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of the company’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 transaction of $8,026,700.00. Following the sale, the chairman now directly owns 1,102,090 shares in the company, valued at $80,419,507.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Mark G. Parker sold 52,487 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $78.00, for a total value of $4,093,986.00. Following the sale, the chairman now owns 1,031,226 shares in the company, valued at $80,435,628. The disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.

NIKE Stock Performance

NYSE:NKE opened at $89.44 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.69 and a current ratio of 2.40. The firm has a market capitalization of $135.00 billion, a PE ratio of 23.98, a P/E/G ratio of 2.30 and a beta of 1.02. NIKE, Inc. has a 52-week low of $70.75 and a 52-week high of $123.39. The stock has a 50-day simple moving average of $79.67 and a two-hundred day simple moving average of $86.67.

NIKE (NYSE:NKE) last posted its earnings results on Thursday, June 27th. The footwear maker reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.16. The company had revenue of $12.60 billion for the quarter, compared to the consensus estimate of $12.86 billion. NIKE had a return on equity of 42.63% and a net margin of 11.10%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.66 earnings per share. Analysts forecast that NIKE, Inc. will post 3.04 EPS for the current year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd will be given a $0.37 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.65%. NIKE’s dividend payout ratio is currently 39.68%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. KeyCorp reiterated a “sector weight” rating on shares of NIKE in a research note on Friday, June 28th. Guggenheim lowered their price objective on NIKE from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, June 28th. Raymond James reiterated a “market perform” rating on shares of NIKE in a research note on Friday, June 28th. Piper Sandler reiterated a “neutral” rating and set a $80.00 price objective on shares of NIKE in a research note on Friday, September 20th. Finally, Royal Bank of Canada lifted their price objective on NIKE from $75.00 to $85.00 and gave the company a “sector perform” rating in a research note on Wednesday. Fifteen equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $96.52.

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.