HM Payson & Co. lowered its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 5.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,698 shares of the footwear maker's stock after selling 3,631 shares during the period. HM Payson & Co.'s holdings in NIKE were worth $3,726,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Heck Capital Advisors LLC purchased a new position in NIKE during the fourth quarter worth $28,000. LFA Lugano Financial Advisors SA lifted its stake in shares of NIKE by 110.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock valued at $30,000 after buying an additional 210 shares during the period. Hopwood Financial Services Inc. purchased a new position in shares of NIKE during the fourth quarter valued at approximately $30,000. EnRich Financial Partners LLC lifted its stake in shares of NIKE by 196.4% during the fourth quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock valued at $31,000 after buying an additional 273 shares during the period. Finally, Roxbury Financial LLC lifted its stake in shares of NIKE by 52.1% during the first quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker's stock valued at $37,000 after buying an additional 201 shares during the period. Hedge funds and other institutional investors own 64.25% of the company's stock.
Analyst Ratings Changes
NKE has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective 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. BMO Capital Markets cut their price target on shares of NIKE from $95.00 to $92.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. UBS Group reaffirmed a "neutral" rating and set a $63.00 price target on shares of NIKE in a research note on Friday, June 27th. Williams Trading cut their price target on shares of NIKE from $93.00 to $73.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. Finally, HSBC raised shares of NIKE from a "hold" rating to a "buy" rating and set a $80.00 price target on the stock in a research note on Friday, June 27th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, NIKE currently has an average rating of "Moderate Buy" and a consensus price target of $77.19.
View Our Latest Analysis on NKE
NIKE Trading Down 0.1%
Shares of NKE stock traded down $0.11 during trading hours on Friday, reaching $76.28. 12,022,568 shares of the stock traded hands, compared to its average volume of 15,355,444. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $90.62. The business has a fifty day moving average price of $62.36 and a 200 day moving average price of $67.49. 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 firm has a market capitalization of $112.83 billion, a PE ratio of 35.37, a PEG ratio of 2.77 and a beta of 1.25.
NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.69 billion. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The company's revenue for the quarter was down 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.99 EPS. On average, equities research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.
NIKE Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd were paid 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 dividend payout ratio (DPR) is 74.07%.
About NIKE
(
Free Report)
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.
Read More
Before you consider NIKE, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NIKE wasn't on the list.
While NIKE currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
