D.A. Davidson & CO. Grows Stock Holdings in NIKE, Inc. (NYSE:NKE)

D.A. Davidson & CO. boosted its position in NIKE, Inc. (NYSE:NKE - Free Report) by 3.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 106,064 shares of the footwear maker's stock after acquiring an additional 3,533 shares during the period. D.A. Davidson & CO.'s holdings in NIKE were worth $6,733,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NKE. Norges Bank bought a new stake in NIKE in the 4th quarter worth $1,126,288,000. Wellington Management Group LLP grew its holdings in NIKE by 32.4% in the 4th quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker's stock worth $2,749,903,000 after acquiring an additional 8,898,591 shares during the last quarter. Renaissance Technologies LLC grew its holdings in NIKE by 1,302.7% in the 4th quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker's stock worth $196,901,000 after acquiring an additional 2,416,601 shares during the last quarter. Capital World Investors grew its holdings in NIKE by 10.3% in the 4th quarter. Capital World Investors now owns 24,545,937 shares of the footwear maker's stock worth $1,857,389,000 after acquiring an additional 2,288,627 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in NIKE in the 4th quarter worth $156,438,000. Institutional investors own 64.25% of the company's stock.

NIKE Stock Down 0.1%

NIKE stock traded down $0.11 during trading hours on Friday, hitting $76.28. The stock had a trading volume of 12,022,568 shares, compared to its average volume of 15,355,444. The company has a quick ratio of 1.50, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $112.83 billion, a P/E ratio of 35.31, a price-to-earnings-growth ratio of 2.77 and a beta of 1.25. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $90.62. The stock's 50-day moving average price is $62.36 and its 200-day moving average price is $67.42.

NIKE (NYSE:NKE - Get Free Report) last issued its earnings results on Thursday, June 26th. The footwear maker reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $11.10 billion during the quarter, compared to analysts' expectations of $10.69 billion. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The business's revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.99 earnings per share. Equities research analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd were issued a dividend of $0.40 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.10%. NIKE's payout ratio is 74.07%.

Analyst Upgrades and Downgrades

NKE has been the topic of a number of research reports. Truist Financial cut their target price on shares of NIKE from $82.00 to $73.00 and set a "buy" rating on the stock in a research note on Tuesday, June 24th. Barclays lifted their target price on shares of NIKE from $53.00 to $64.00 and gave the company an "equal weight" rating in a research note on Friday, June 27th. Morgan Stanley lifted their target price on shares of NIKE from $61.00 to $64.00 and gave the company an "equal weight" rating in a research note on Friday, June 27th. Deutsche Bank Aktiengesellschaft cut their target price on shares of NIKE from $77.00 to $71.00 and set a "buy" rating on the stock in a research note on Friday, June 20th. Finally, Citigroup lifted their target price on shares of NIKE from $57.00 to $68.00 and gave the company a "neutral" rating in a research note on Friday, June 27th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, NIKE presently has an average rating of "Moderate Buy" and a consensus price target of $77.19.

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.