Grange Capital LLC decreased its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 12.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,500 shares of the footwear maker's stock after selling 4,225 shares during the period. NIKE makes up 2.1% of Grange Capital LLC's portfolio, making the stock its 14th biggest holding. Grange Capital LLC's holdings in NIKE were worth $1,809,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the business. Heck Capital Advisors LLC purchased a new position in shares of NIKE in the fourth quarter worth approximately $28,000. EnRich Financial Partners LLC lifted its holdings in shares of NIKE by 196.4% in the fourth quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock valued at $31,000 after purchasing an additional 273 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE lifted its holdings in shares of NIKE by 95.1% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 513 shares of the footwear maker's stock valued at $39,000 after purchasing an additional 250 shares in the last quarter. Putney Financial Group LLC purchased a new stake in shares of NIKE in the fourth quarter valued at $40,000. Finally, Minot DeBlois Advisors LLC purchased a new stake in shares of NIKE in the fourth quarter valued at $42,000. Institutional investors own 64.25% of the company's stock.
Analyst Upgrades and Downgrades
NKE has been the subject of a number of research analyst reports. Wall Street Zen lowered NIKE from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Stifel Nicolaus decreased their price target on shares of NIKE from $75.00 to $64.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Needham & Company LLC raised their price target on shares of NIKE from $66.00 to $78.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Barclays raised their price target on shares of NIKE from $53.00 to $64.00 and gave the stock an "equal weight" rating in a report on Friday, June 27th. Finally, Piper Sandler raised their price target on shares of NIKE from $70.00 to $80.00 and gave the stock an "overweight" rating in a report on Friday, June 27th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, NIKE presently has an average rating of "Moderate Buy" and an average target price of $77.15.
Check Out Our Latest Stock Report on NKE
NIKE Trading Down 0.3%
NYSE:NKE opened at $72.39 on Tuesday. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $90.62. The firm has a market cap of $107.07 billion, a price-to-earnings ratio of 33.51, a P/E/G ratio of 2.63 and a beta of 1.25. 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 company's 50 day moving average is $64.36 and its 200-day moving average is $67.24.
NIKE (NYSE:NKE - Get Free Report) last announced its earnings results on Thursday, June 26th. The footwear maker reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The business had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same quarter in the previous year, the firm posted $0.99 earnings per share. NIKE's revenue was down 11.9% compared to the same quarter last year. Equities analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current year.
NIKE Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Monday, June 2nd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Monday, June 2nd. NIKE's dividend payout ratio (DPR) is currently 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.
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