Intrepid Capital Management Inc. Makes New $318,000 Investment in NIKE, Inc. (NYSE:NKE)

Intrepid Capital Management Inc. acquired a new position in shares of NIKE, Inc. (NYSE:NKE) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,601 shares of the footwear maker’s stock, valued at approximately $318,000.

A number of other large investors have also recently bought and sold shares of the company. Lynx Investment Advisory acquired a new stake in shares of NIKE in the 2nd quarter valued at approximately $47,000. Kingswood Wealth Advisors LLC boosted its stake in shares of NIKE by 11.9% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 16,536 shares of the footwear maker’s stock valued at $1,246,000 after purchasing an additional 1,754 shares in the last quarter. CVA Family Office LLC boosted its stake in shares of NIKE by 9.3% in the 2nd quarter. CVA Family Office LLC now owns 2,363 shares of the footwear maker’s stock valued at $178,000 after purchasing an additional 202 shares in the last quarter. Fiduciary Alliance LLC acquired a new stake in shares of NIKE in the 2nd quarter valued at approximately $208,000. Finally, Simplicity Wealth LLC boosted its position in NIKE by 18.7% during the 2nd quarter. Simplicity Wealth LLC now owns 36,638 shares of the footwear maker’s stock worth $2,761,000 after buying an additional 5,781 shares during the period. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Truist Financial upgraded shares of NIKE from a “hold” rating to a “buy” rating and lifted their target price for the stock from $83.00 to $97.00 in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft cut their target price on shares of NIKE from $95.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, October 2nd. Evercore ISI cut their target price on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Barclays cut their target price on shares of NIKE from $84.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 2nd. Finally, Bank of America lowered their price target on shares of NIKE from $104.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, October 2nd. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, NIKE currently has an average rating of “Moderate Buy” and a consensus target price of $95.71.

NIKE Stock Down 1.0 %

Shares of NYSE NKE traded down $0.80 during trading on Tuesday, hitting $78.29. The stock had a trading volume of 1,762,985 shares, compared to its average volume of 11,453,787. NIKE, Inc. has a 12 month low of $70.75 and a 12 month high of $123.39. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.36 and a quick ratio of 1.58. The company has a market capitalization of $117.38 billion, a PE ratio of 22.66, a PEG ratio of 1.91 and a beta of 1.02. The firm has a fifty day moving average of $80.18 and a two-hundred day moving average of $82.03.

NIKE (NYSE:NKE) last posted its earnings results on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.18. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The firm had revenue of $11.59 billion during the quarter, compared to analyst estimates of $11.64 billion. During the same quarter in the prior year, the business posted $0.94 EPS. The business’s revenue was down 10.4% compared to the same quarter last year. As a group, equities research analysts forecast that NIKE, Inc. will post 2.75 EPS for the current fiscal year.

NIKE Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be paid a $0.40 dividend. This is a positive change from NIKE’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, December 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.04%. NIKE’s dividend payout ratio is presently 42.41%.

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.