Schear Investment Advisers LLC Makes New $226,000 Investment in NIKE, Inc. (NYSE:NKE)

Schear Investment Advisers LLC acquired a new stake in shares of NIKE, Inc. (NYSE:NKE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,083 shares of the footwear maker’s stock, valued at approximately $226,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. BCK Partners Inc. purchased a new stake in NIKE during the first quarter worth approximately $2,839,000. Loomis Sayles & Co. L P lifted its stake in shares of NIKE by 138.2% during the first quarter. Loomis Sayles & Co. L P now owns 11,233 shares of the footwear maker’s stock worth $1,511,000 after purchasing an additional 6,518 shares in the last quarter. Merit Financial Group LLC boosted its position in shares of NIKE by 13.3% in the first quarter. Merit Financial Group LLC now owns 1,588 shares of the footwear maker’s stock worth $214,000 after buying an additional 186 shares during the period. Bridgewater Associates LP acquired a new stake in shares of NIKE in the first quarter valued at about $278,000. Finally, Federated Hermes Inc. raised its holdings in shares of NIKE by 9.8% during the 1st quarter. Federated Hermes Inc. now owns 433,950 shares of the footwear maker’s stock valued at $58,392,000 after buying an additional 38,903 shares during the period. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NKE shares. Jefferies Financial Group lowered their price objective on shares of NIKE from $110.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, March 22nd. Piper Sandler cut their price objective on shares of NIKE from $107.00 to $98.00 and set a “neutral” rating on the stock in a report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of NIKE from $132.00 to $128.00 and set a “buy” rating for the company in a research report on Friday, December 22nd. Robert W. Baird dropped their target price on NIKE from $140.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $100.00 price target (down previously from $110.00) on shares of NIKE in a report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $116.26.

NIKE Stock Performance

NYSE NKE traded down $0.67 during trading hours on Friday, hitting $95.07. The company had a trading volume of 6,993,088 shares, compared to its average volume of 9,544,253. The business has a fifty day simple moving average of $98.31 and a 200-day simple moving average of $103.37. The firm has a market cap of $143.49 billion, a P/E ratio of 28.12, a price-to-earnings-growth ratio of 1.83 and a beta of 1.08. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63. NIKE, Inc. has a fifty-two week low of $88.66 and a fifty-two week high of $128.68.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.29. NIKE had a net margin of 10.14% and a return on equity of 39.41%. The firm had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $12.28 billion. Equities analysts predict that NIKE, Inc. will post 3.73 EPS for the current year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 4th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.48 annualized dividend and a dividend yield of 1.56%. NIKE’s payout ratio is 43.53%.

About NIKE

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.