Dohj LLC Purchases 625 Shares of NIKE, Inc. (NYSE:NKE)

Dohj LLC boosted its position in NIKE, Inc. (NYSE:NKE) by 11.0% in the 1st quarter, Holdings Channel reports. The firm owned 6,325 shares of the footwear maker’s stock after buying an additional 625 shares during the quarter. Dohj LLC’s holdings in NIKE were worth $594,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Capital International Investors raised its stake in shares of NIKE by 34.9% during the fourth quarter. Capital International Investors now owns 27,609,613 shares of the footwear maker’s stock valued at $2,997,628,000 after acquiring an additional 7,143,775 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of NIKE by 87.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,135,431 shares of the footwear maker’s stock valued at $1,860,395,000 after acquiring an additional 7,996,434 shares in the last quarter. Norges Bank bought a new stake in shares of NIKE during the fourth quarter valued at approximately $1,315,097,000. Fisher Asset Management LLC raised its stake in shares of NIKE by 2.3% during the fourth quarter. Fisher Asset Management LLC now owns 9,887,769 shares of the footwear maker’s stock valued at $1,073,515,000 after acquiring an additional 219,091 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of NIKE by 18.3% during the third quarter. American Century Companies Inc. now owns 5,620,466 shares of the footwear maker’s stock valued at $537,429,000 after acquiring an additional 870,423 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Stock Down 20.1 %

Shares of NKE traded down $18.94 during midday trading on Friday, reaching $75.25. The stock had a trading volume of 78,847,457 shares, compared to its average volume of 9,844,948. NIKE, Inc. has a 1-year low of $75.22 and a 1-year high of $123.39. The company’s fifty day simple moving average is $93.70 and its two-hundred day simple moving average is $99.48. The company has a market cap of $113.58 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 1.79 and a beta of 1.05. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, June 27th. The footwear maker reported $1.01 EPS for the quarter, topping the consensus estimate of $0.85 by $0.16. The firm had revenue of $12.60 billion for the quarter, compared to analyst estimates of $12.86 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. NIKE’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the business earned $0.66 EPS. Equities research analysts expect that NIKE, Inc. will post 3.81 earnings per share for the current year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 3rd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Monday, June 3rd. NIKE’s payout ratio is 43.53%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NKE. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $83.00 price objective (down previously from $116.00) on shares of NIKE in a research note on Friday. Oppenheimer reaffirmed an “outperform” rating and set a $120.00 price target on shares of NIKE in a research report on Friday. Wells Fargo & Company reduced their price target on NIKE from $120.00 to $115.00 and set an “overweight” rating on the stock in a research report on Monday, June 10th. Piper Sandler reduced their price target on NIKE from $107.00 to $98.00 and set a “neutral” rating on the stock in a research report on Friday, March 22nd. Finally, Truist Financial dropped their price objective on shares of NIKE from $99.00 to $81.00 and set a “hold” rating on the stock 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 given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $102.33.

Insider Activity

In other news, EVP Monique S. Matheson sold 45,000 shares of NIKE stock in a transaction dated 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 sale, the executive vice president now owns 44,997 shares of the company’s stock, valued at $4,236,917.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other NIKE news, VP Johanna Nielsen sold 282 shares of NIKE stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $93.64, for a total transaction of $26,406.48. Following the completion of the transaction, the vice president now owns 730 shares in the company, valued at $68,357.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Monique S. Matheson sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $94.16, for a total transaction 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 approximately $4,236,917.52. The disclosure for this sale can be found here. Insiders have sold a total of 213,660 shares of company stock valued at $19,946,333 over the last quarter. 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.