OneDigital Investment Advisors LLC Increases Stock Holdings in NIKE, Inc. (NYSE:NKE)

OneDigital Investment Advisors LLC raised its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 11.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,380 shares of the footwear maker's stock after purchasing an additional 3,587 shares during the period. OneDigital Investment Advisors LLC's holdings in NIKE were worth $2,182,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Elgethun Capital Management raised its position in NIKE by 13.7% during the fourth quarter. Elgethun Capital Management now owns 1,236 shares of the footwear maker's stock valued at $94,000 after purchasing an additional 149 shares in the last quarter. AlTi Global Inc. grew its stake in shares of 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. Staley Capital Advisers Inc. grew its stake in shares of NIKE by 4.4% during the fourth quarter. Staley Capital Advisers Inc. now owns 3,773 shares of the footwear maker's stock valued at $286,000 after buying an additional 160 shares during the last quarter. Cohen & Steers Inc. grew its stake in shares of NIKE by 5.3% during the fourth quarter. Cohen & Steers Inc. now owns 3,171 shares of the footwear maker's stock valued at $240,000 after buying an additional 160 shares during the last quarter. Finally, Banco de Sabadell S.A grew its stake in shares of NIKE by 1.2% during the fourth quarter. Banco de Sabadell S.A now owns 15,966 shares of the footwear maker's stock valued at $1,208,000 after buying an additional 188 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Robert W. Baird raised their price objective on NIKE from $80.00 to $88.00 and gave the company an "outperform" rating in a research note on Friday, June 27th. Barclays raised their price objective on NIKE from $53.00 to $64.00 and gave the company an "equal weight" rating in a research note on Friday, June 27th. Berenberg Bank started coverage on NIKE in a research note on Tuesday, April 15th. They issued a "hold" rating and a $58.00 target price on the stock. Piper Sandler raised their target price on NIKE from $70.00 to $80.00 and gave the stock an "overweight" rating in a research note on Friday, June 27th. Finally, Truist Financial cut their target price on NIKE from $82.00 to $73.00 and set a "buy" rating on the stock in a research note on Tuesday, June 24th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.19.

NIKE Stock Up 0.2%

NYSE NKE traded up $0.18 during mid-day trading on Monday, reaching $76.57. The stock had a trading volume of 17,282,720 shares, compared to its average volume of 15,363,179. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $90.62. The stock has a market cap of $113.26 billion, a PE ratio of 35.45, a price-to-earnings-growth ratio of 2.77 and a beta of 1.25. The company has a fifty day moving average price of $62.36 and a 200 day moving average price of $67.35. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 1.50.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 earnings per share 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 company had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.69 billion. During the same period in the previous year, the business earned $0.99 EPS. The firm's revenue for the quarter was down 11.9% on a year-over-year basis. On average, research analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Monday, June 2nd were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.09%. NIKE's payout ratio is currently 74.07%.

NIKE Company 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.