CFC Planning Co LLC Has $3.88 Million Stock Holdings in NIKE, Inc. (NYSE:NKE)

CFC Planning Co LLC grew its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 18.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,122 shares of the footwear maker's stock after buying an additional 9,405 shares during the period. NIKE makes up 4.2% of CFC Planning Co LLC's holdings, making the stock its 5th biggest position. CFC Planning Co LLC's holdings in NIKE were worth $3,880,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Elgethun Capital Management grew its stake in shares of NIKE by 13.7% in the 4th quarter. Elgethun Capital Management now owns 1,236 shares of the footwear maker's stock worth $94,000 after buying an additional 149 shares during the last quarter. AlTi Global Inc. raised its stake in NIKE by 0.4% during the fourth quarter. AlTi Global Inc. now owns 36,996 shares of the footwear maker's stock valued at $2,813,000 after buying an additional 150 shares during the last quarter. Cohen & Steers Inc. boosted its holdings in NIKE by 5.3% in the fourth quarter. Cohen & Steers Inc. now owns 3,171 shares of the footwear maker's stock worth $240,000 after acquiring an additional 160 shares in the last quarter. Banco de Sabadell S.A grew its stake in shares of NIKE by 1.2% in the fourth quarter. Banco de Sabadell S.A now owns 15,966 shares of the footwear maker's stock worth $1,208,000 after acquiring an additional 188 shares during the last quarter. Finally, Aaron Wealth Advisors LLC increased its holdings in shares of NIKE by 4.3% during the first quarter. Aaron Wealth Advisors LLC now owns 4,666 shares of the footwear maker's stock valued at $296,000 after acquiring an additional 192 shares in the last quarter. Institutional investors own 64.25% of the company's stock.

NIKE Stock Performance

Shares of NIKE stock traded down $1.96 on Friday, hitting $72.66. 12,749,362 shares of the company's stock were exchanged, compared to its average volume of 15,230,400. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $90.62. The company has a 50-day simple moving average of $63.78 and a 200-day simple moving average of $67.43. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.50 and a current ratio of 2.21. The stock has a market capitalization of $107.47 billion, a PE ratio of 33.64, a PEG ratio of 2.70 and a beta of 1.25.

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

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Monday, June 2nd. NIKE's dividend payout ratio (DPR) is currently 74.07%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NKE. Berenberg Bank started coverage on NIKE in a research report on Tuesday, April 15th. They issued a "hold" rating and a $58.00 price target for the company. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $70.00 target price on shares of NIKE in a report on Friday, June 27th. Royal Bank Of Canada cut their price target on shares of NIKE from $66.00 to $65.00 and set a "sector perform" rating on the stock in a report on Tuesday, May 20th. Piper Sandler boosted their price objective on shares of NIKE from $70.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, June 27th. Finally, DZ Bank downgraded NIKE from a "buy" rating to a "hold" rating and set a $76.00 target price on the stock. in a research note on Thursday. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $77.15.

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.