Aspiriant LLC Has $552,000 Stock Position in NIKE, Inc. (NYSE:NKE)

Aspiriant LLC decreased its position in NIKE, Inc. (NYSE:NKE) by 15.1% in the 1st quarter, HoldingsChannel reports. The fund owned 5,876 shares of the footwear maker’s stock after selling 1,048 shares during the period. Aspiriant LLC’s holdings in NIKE were worth $552,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

NKE has been the subject of a number of recent research reports. Evercore ISI dropped their target price on NIKE from $127.00 to $117.00 and set an “outperform” rating for the company in a report on Friday, March 22nd. Morgan Stanley decreased their price target on NIKE from $116.00 to $114.00 and set an “overweight” rating on the stock in a research report on Monday, June 17th. Truist Financial restated a “hold” rating and set a $99.00 price target on shares of NIKE in a research report on Thursday, June 20th. Barclays decreased their price target on NIKE from $142.00 to $114.00 and set an “overweight” rating on the stock in a research report on Monday, March 25th. Finally, Piper Sandler decreased 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. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $114.81.

NIKE Stock Performance

Shares of NIKE stock opened at $94.23 on Friday. The company has a market capitalization of $142.22 billion, a PE ratio of 27.71, a PEG ratio of 1.79 and a beta of 1.05. NIKE, Inc. has a 12 month low of $88.66 and a 12 month 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. The stock’s fifty day simple moving average is $93.70 and its 200 day simple moving average is $99.48.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Monday, June 3rd. NIKE’s payout ratio is currently 43.53%.

Insider Activity

In related news, Chairman Mark G. Parker sold 168,378 shares of the business’s stock in a transaction on 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 sale, the chairman now directly owns 1,102,090 shares of the company’s stock, valued at approximately $102,648,662.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Johanna Nielsen sold 282 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $93.64, for a total value of $26,406.48. Following the completion of the transaction, the vice president now directly owns 730 shares of the company’s stock, valued at approximately $68,357.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Mark G. Parker sold 168,378 shares of the company’s stock in a transaction 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 transaction, the chairman now directly owns 1,102,090 shares of the company’s stock, valued at $102,648,662.60. The disclosure for this sale can be found here. Insiders sold 213,660 shares of company stock worth $19,946,333 over the last quarter. 0.50% of the stock is currently owned by company insiders.

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.