Dash Acquisitions Inc. Has $2.01 Million Holdings in NIKE, Inc. (NYSE:NKE)

Dash Acquisitions Inc. raised its holdings in NIKE, Inc. (NYSE:NKE) by 7.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,164 shares of the footwear maker’s stock after buying an additional 1,444 shares during the quarter. NIKE accounts for 0.6% of Dash Acquisitions Inc.’s investment portfolio, making the stock its 24th largest holding. Dash Acquisitions Inc.’s holdings in NIKE were worth $2,007,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of NKE. Sherbrooke Park Advisers LLC bought a new stake in shares of NIKE during the third quarter valued at approximately $432,000. SRS Capital Advisors Inc. grew its holdings in NIKE by 5.0% during the third quarter. SRS Capital Advisors Inc. now owns 4,107 shares of the footwear maker’s stock worth $393,000 after buying an additional 196 shares in the last quarter. Insigneo Advisory Services LLC grew its holdings in NIKE by 12.1% during the third quarter. Insigneo Advisory Services LLC now owns 10,551 shares of the footwear maker’s stock worth $1,012,000 after buying an additional 1,140 shares in the last quarter. Truist Financial Corp grew its holdings in NIKE by 21.7% during the third quarter. Truist Financial Corp now owns 705,830 shares of the footwear maker’s stock worth $67,491,000 after buying an additional 126,074 shares in the last quarter. Finally, Axxcess Wealth Management LLC grew its holdings in NIKE by 32.3% during the third quarter. Axxcess Wealth Management LLC now owns 9,133 shares of the footwear maker’s stock worth $873,000 after buying an additional 2,229 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

NIKE Price Performance

Shares of NYSE:NKE traded down $0.79 on Tuesday, hitting $76.04. The company’s stock had a trading volume of 24,961,781 shares, compared to its average volume of 10,689,501. The company has a 50-day simple moving average of $92.94 and a 200 day simple moving average of $98.54. NIKE, Inc. has a 1 year low of $74.29 and a 1 year high of $123.39. The company has a market capitalization of $114.77 billion, a PE ratio of 20.38, a PEG ratio of 1.43 and a beta of 1.01. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.40 and a quick ratio of 1.69.

NIKE (NYSE:NKE) last released 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. NIKE had a return on equity of 42.63% and a net margin of 11.10%. The firm had revenue of $12.60 billion for the quarter, compared to analysts’ expectations of $12.86 billion. During the same quarter last year, the firm posted $0.66 EPS. The company’s revenue was down 1.6% compared to the same quarter last year. Sell-side analysts forecast that NIKE, Inc. will post 3.9 EPS for the current fiscal year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Monday, June 3rd were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.48 annualized dividend and a dividend yield of 1.95%. NIKE’s dividend payout ratio (DPR) is presently 39.68%.

Insider Activity

In other news, Chairman Mark G. Parker sold 168,378 shares of the stock in a transaction dated 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 transaction, the chairman now directly owns 1,102,090 shares in the company, valued at approximately $102,648,662.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Chairman Mark G. Parker sold 168,378 shares of the firm’s 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 transaction, the chairman now directly owns 1,102,090 shares in the company, valued at approximately $102,648,662.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Monique S. Matheson sold 45,000 shares of the firm’s stock in a transaction that occurred 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 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. In the last three months, insiders have sold 213,660 shares of company stock worth $19,946,333. 0.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NKE has been the subject of several recent research reports. UBS Group reiterated a “neutral” rating and set a $78.00 price target on shares of NIKE in a report on Friday. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $83.00 price target (down previously from $116.00) on shares of NIKE in a report on Friday. The Goldman Sachs Group reduced their price objective on NIKE from $118.00 to $105.00 and set a “buy” rating for the company in a research note on Friday. Citigroup reduced their price objective on NIKE from $115.00 to $102.00 and set a “buy” rating for the company in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $115.00 price objective on shares of NIKE in a research note on Thursday, June 13th. 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’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $98.04.

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.